WA | back on track
May 17, 2019
The first WA State Budget surplus in 5 years of $553 million and a $4.1 million reduction in State debt will kick start confidence and activity in the Perth property sector, according to John Gelavis, Executive Director of the Masters Builders Association.
Local property industry associations congratulated the McGowan Government on achieving a budget surplus but are still keen to see greater stimulus created for the property sector. They strongly support abolishing the Foreign Owner Duty Charge as it is stifling the industry and creating a deterrent for foreign investment.
Click on the image to read the complete article from The West Australian | Wednesday 15 May 2019.
Read Our Other Articles
New home sales figures on the rise
A second consecutive month of increased new homes sales has given a big confidence boost to Australia’s property sector with...
National economy saved by WA mining
WA’s decision to keep Western Australia mining rolling during the COVID-19 pandemic has saved the national economy from collapsing...
PROPERTY MARKET THRIVES DESPITE THE IMPACTS OF COVID-19
New land sales are at a record high according to recently released figures from UDIA WA, following the announcement...
WA rise despite pandemic fears
Despite COVID-19 induced worries the WA property market is in a better position than many expected as sale transactions...
Niche property assets
Investors risks may be higher due to the pandemic and current recession however the rewards for those willing to...
VICTORIA GEARING UP FOR ECONOMIC RECOVERY AS GOVERNMENT ANNOUNCES MAJOR PROJECTS
Victoria’s economic recovery is set to be bolstered by the acceleration of more than $1 billion worth of building...
Clearing the way for Reside on Money
It has been an action packed week on Money Street, with an excavator on site demolishing the old house...
“Gold standard” testing suggests COVID-19 is heading for extinction in WA
COVID-19 may be on the brink of extinction for Western Australia as “gold standard” testing measures continue to reveal...
4 reasons Australia may have a sharp but short recession.
Below are four main reasons Peter Switzer, Founder of Swtizer Financial Group believes Australia’s future economy could give way...
PERTH | the perfect playground for Singaporeans
Perth’s tourism sector has increased by 3% from the previous year in which tourists collectively spent approximately $2.2 billion....