Business News Property groups have welcomed measures to boost housing supply in this year’s budget but say its record infrastructure spend could impinge on private sector development in a tight labour market. The state government announced a 50 per cent land tax exemption on build-to-rent developments, a transfer duty rebate for off-the-plan apartments up to […]
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WA BUSINESS NEWS The state government will not consider pausing or scrapping its surcharge on foreign property purchasers, despite a sharp reduction in sales to offshore buyers and growing scepticism over whether revenue will meet projections. In January, the McGowan government instituted a 7 per cent tax on offshore purchasers of property in Western Australia, […]
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The West Australian About half of Perth will run out of land zoned for homes in as little as four years — potentially extending the city’s soaring property prices — warns one of Australia’s land supply experts. Colin Keane, from Research4, said Perth’s north-east and south-west corridors, which include Ellenbrook and Baldivis, both had only […]
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