south perth foreshore
The State Government receives $1.1 billion in transfer and stamp duties, according to Property Council WA. Image – Canva
  • 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

You May Also Like

Property and design firms to shine a light on First Nations at Melbourne Fashion Festival

the Urban Oasis Runway presented by Architectus, ADP Consulting, MPA and Slattery will be held on Friday 9 March at 7.00pm.

Property Council launches CBD VIP campaign to raise footfall in Perth city

The move comes on the day most COVID restrictions across WA were lifted

2022 Apartment Awards to include seven new categories

Entries for the awards close 31 March

Harcourts Packham joins Toward Home to battle homelessness

‘Terra Firma’ provides short-term accommodation for vulnerable people

Top Articles

PropertyGuru Asia Property Awards (Australia) returns for its 7th edition, including several brand new award ...

This year's awards include several brand new categories, with entries closing 2 August 2024.

Rentvesting in Australia: A deep dive

Rentvesting offers an alternative path into the property market for priced-out first-time buyers.

Housing crisis survival guide: How to buy your first Australian property

Three property experts give the low down on how to nab a home in this tough housing market.