7 June 2020 Posted In: Uncategorized

WA Today

West Australians who build a new home will be given $20,000 by the state government in addition to the $25,000 on the table as part of the Commonwealth’s HomeBuilder scheme.

The $125 million package, designed to stimulate the state’s economy which is in recession following pandemic restrictions, also includes a $8.2 million expansion of stamp duty concessions for buyers of new apartments.

To read the full article including comments from UDIA WA CEO Tanya Steinbeck, click here.

Related Posts

WA move to nearly double tax on foreign buyers denounced

THE AUSTRALIAN FINANCIAL REVIEW The near-doubling of a new tax on foreign residential property investors in Western Australia has been criticised by development and property experts, who claim it will slow economic recovery. The recent state budget increased a residential foreign buyer tax from 4 per cent to 7 per cent before the commencement date […]

Read more

Changing needs require diverse housing options

The Property Tribune Housing choice is the key to accommodating the modern first home buyer, according to industry experts. There has been an evolution in the housing needs of this critical portion of the market, due to changing demographics, as well as economic circumstances that are making it harder to get a foot on the […]

Read more

APRA plans to relax guidance

The Sunday Times The Australian Prudential Regulation Authority (APRA) has announced it is considering reducing the seven per cent  oor on serviceability calculations for residential mortgages, instead allowing banks to assess loans at 2.5 per cent above current rates. Currently, APRA requires lenders to assess whether or not a consumer can afford a loan […]

Read more