The Property Tribune Interest rate rises, higher property prices and rent increases have made housing less affordable in Western Australia according to new report Housing Affordability in Western Australia 2023 from the Bankwest Curtin Economics Centre (BCEC). The report found that increased housing demand, driven by factors such as population growth, has been putting extreme pressure on rental […]
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A slate of planning reforms announced by the state government in May have now passed both houses of parliament, after negotiations with minor parties led to notable changes in how the legislation defines ‘significant’ developments. Those reforms, intended to help stimulate the state’s economy post-COVID-19, included a series of reforms to the approval process, including […]
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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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