Business News Industry has welcomed the state government’s expansion of the stamp duty rebate plan to include apartments under construction, with experts hoping it will boost housing supply. Treasurer Rita Saffioti announced the move today, speaking at Blackburne’s East Village project in Karrinyup, which is due for completion later this year. The scheme provides a 75 per cent […]
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FIRST HOME BUYERS IN PERTH SPENT A RECORD MEDIAN OF $450,000 ON THEIR HOME IN JULY, WHICH IS UP $32,000 (7.7 PER CENT) COMPARED TO 12 MONTHS AGO. “There are many first home buyers and investors competing in the same sub-$600,000 market, which is forcing prices up,” said Urban Development Institute of Australia (WA Division) […]
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THE RECENT REPORT BY THE ECONOMIC REGULATION AUTHORITY INTO MICROECONOMIC REFORM INCLUDED A RECOMMENDATION TO ABOLISH KEYSTART, WHICH IS THE GOVERNMENT AGENCY THAT PROVIDES MORTGAGES TO ELIGIBLE PEOPLE TO PURCHASE NEW OR EXISTING HOMES WHO MAY NOT OTHERWISE OBTAIN COMMERCIALLY AVAILABLE FINANCE. The argument for the abolition of Keystart is premised on a very narrow […]
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