- Property Council wishes to continue providing industry insights to the State Government
- Challenges and opportunities include rental moratorium being lifted and labour pressures
- Reiterates calls made by others such as REIWA to reform property taxes
The re-elected McGowan Government has been congratulated by the Property Council of Australia (PCA) for their successful result in Saturday’s election.
The Property Council is keen to continue working with the re-elected government, remarking they wish to continue providing industry insights to the Government.
“Over the last term, the McGowan Government worked proactively with the property industry. This approach to policy-making served the state well and allowed WA to weather the economic storm of COVID-19,” said Sandra Brewer, Property Council WA Executive Director.
Ms Brewer added that the state is growing quickly and within the first 100 days of the new government many challenges and opportunities will be presented.
These include the lifting of the moratorium on rental evictions, ongoing labour pressures due to infrastructure projects along increased health security due to the rollout of the vaccine.
“The Property Council stands ready to work on policies that will support affordable housing and add to rental supply. In particular, we are keen to work with the McGowan Government on creating pathways for a thriving Build to Rent sector which is already gathering pace on the east coast of Australia.
“We have a huge opportunity to create favourable tax settings that attracts investment and supports greater housing choice for West Australians.”
Sandra Brewer, Property Council WA Executive Director
Ms Brewer mentioned the Perth City Deal as a significant opportunity for the state. The project will see new inner-city campuses for three public universities in Perth, bringing in an estimated 25,000 students into the city centre.
Similar to REIWA President Damian Collins, the Property Council has also called for reviews into all property taxes over the next few years.
“The state government raises $1.1 billion in transfer and stamp duties alone each year. Disproportionate taxes exacerbate market pressures and make homes less affordable,”
“We look forward to working collaboratively with the McGowan Government to ensure that policy and tax settings attract and retain investment and talent, create affordable housing and vibrant places for West Australians.”
Sandra Brewer, Property Council WA Executive Director
