A SUMMARY FROM THE INSTITUTE’S LATEST ECONOMIC AND PROPERTY MARKET UPDATE. WA economy Expenditure, as measured by state final demand, has fallen for the past two quarters in Western Australia. In the March quarter, expenditure fell a seasonally adjusted 3.9 per cent, or around $2b, with the decline in spending almost all contributable to a […]
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THE RESERVE BANK BOARD’S DECISION TO CUT THE CASH RATE TO A HISTORICAL LOW IN EARLY MAY HAS ENCOURAGED A STRONG LIFT IN FIRST HOME BUYERS IN WESTERN AUSTRALIA. The number of applications for the FHOG increased 22 per cent in May, reaching levels not seen outside the 2008/09 construction stimulus period. Urban Development Institute […]
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ABC Federal Housing Minister Clare O’Neil has swung her weight behind a Business Council of Australia push for states to scrap stamp duty and ease the housing crisis by removing barriers to property transactions. “It’s a really good idea,” Ms O’Neil told ABC Radio National on Tuesday. “Stamp duty is a bad tax. It prevents […]
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