UDIA has made a pre-budget submission to the state government outlining key areas where the government can support the property sector and the market recovery.
Recommendations are made in relation to:
– the establishment of a broad based land tax system which distributes taxes more equitably
– the introduction of a stamp duty concession for downsizers
– no increases to current taxation levels
– increasing the Keystart threshold by 25%
– funding allocation toward implementation of the Strategic Assessment of Perth and Peel review findings
– adequate infrastructure in relation to Infrastructure WA, METRONET and developer contributions
View our submission here.