The West Australian
There are calls for drastic changes to stamp duty to help lure landlords back in to the market — to help ease the rental crisis — after a 75 per cent fall in investor finance in WA over the past five years.
The Urban Development Institute of WA is calling for a short-term stamp duty rebate worth 75 per cent for anyone who buys a new apartment if they immediately put it on the rental market.
At present, a 75 per cent rebate, capped at $50,000, applies to off-the-plan sales while rebates worth up to $25,000 were available for apartments under construction until the end of last year.
To read the story in full, including comments from UDIA WA CEO Tanya Steinbeck, click here.