In the lead up to the 2019 federal election, REIWA called on all political parties to not forget about Western Australia when making policy commitments.
The five key policy commitments we asked for:
"I live north of the river and recently changed jobs and now work south of the river. Because of the ridiculous nature of stamp duty,
every morning I add to the congestion, instead of simply moving house. Why can't I pay a small amount each year,
Only now that Sydney and Melbourne's property prices are dropping it is all over the news, however this has been going on with Perth for many years. When they put the changes in place to slow Sydney and Melbourne, they places those changes on the whole country rather than those states that were affected! Now WA is doing even worse but still no one in the east coast seems to care!!
The population increases very slow in Perth compared to eastern big cities. And also we know that the number of population is the key drive to economy. Perth's economy is going down and down and the population is becoming less and less. We need positive policy. Perth should be included in the RMS.
"We live in Albany WA, are in our 70s, and plan to move to Perth to be nearer family. With sales commission, stamp duty and the cost of relocating
our household effects, the move will cost in the region of $60,000. For goodness sake, how ridiculous an impost is that on retired folk who want to downsize??
Please don't mention the opportunity to put some of the home-sale prices into superannuation when we will have to pay about
$60,000 just to move 400km! Hoping for a reprieve on stamp duty SOON!"
"Many retirees like myself are not prepared to downsize because of WA's ridiculous stamp duty fees. For most of us, our homes are our only assets paid
for by our taxable incomes of many years of work. Why should the government help themselves to our hard-earned asset when they have already taxed us on years of earnings.
The high stamp duty discourages retirees from selling their large family homes on
large blocks preventing young families from having access to these properties."
"A dramatic reduction in stamp duty is needed to stimulate housing market growth!
Reforms on banks are also need to reduce home loan costs such as lenders mortgage insurance.
Property tax changes should be applied state by state."
"Today the budget came out. Once more infrastructure spend is focused in the Eastern States. It was not so long ago the whole country rode on the backs of WA and Qld.
Now WA is left in the wake of the mining boom with
house prices still falling and all you ever hear in political discussions is Melbourne and Sydney."
"Again and again WA is forgotten about, our local economy has been struggling since 2014. As a local business owner that employees 16 local people it is becoming
harder to keep manufacturing and supply local. The eastern seaboard policy drives local companies to look at
alternative ways to keep profitable. How.... we look offshore, in turn, we reduce locally employed people and send our money to global corporations.
It makes my heart hurt that WA was once the powerhouse that kept Australia away from the GFC but when the tide turns we are not remunerated. "
"The Federal/State governments should consider removing the burden of stamp duty to give downsizers the incentive to sell their property.
This would have the effect of releasing more properties on the market and assist new home buyers.
This incentive would be of great assistance to retirees who are not self-funded. "
"As a settlement agent of over 18 years, I have seen the ups and downs in the industry. WA is well known for the mining industry having
huge effects on our states growth prospects. Sydney and Melbourne are different from WA. Our industry fears the effects of the
withdrawal of negative gearing will negatively impact the housing industry in WA."
"Overseas migration policies must be changed for WA. Perth is not like Sydney or Melbourne and we can easily accommodate much-needed population growth.
Majority of people moving to Australia move to Sydney n Melbourne, we need to make Perth a more attractive place for students and migrants and this was the case
until state government changed immigration policies for WA."
"Property markets are different across Australia, with each market in its own cycle. National policies regarding housing pricing must take into account this important factor.
Rampant housing prices in Sydney and Melbourne should be tackled separately to the rest of Australia. Families in WA are hurting badly when their housing
market are doing badly on top of the general negative environment in WA."
"We have a beautiful beachside suburb of Rockingham which has been promised improved infrastructure for years.
An ideal area for encouraging property growth where developers can still get a relatively cheap property on the
beachfront to build tourism-boosting activities (marina, markets, pubs hotels)."
"I believe the key issues raised by REIWA are relevant and will assist with the recovery of the WA property market.
I urge National Politicians to address the issues raised and make the necessary changes"
"Stop treating the Australian property market as one market, we are competely removed from what's
happening in Melbourne and Sydney and should be treated as such "
"Make the GST and tax distribution fairer or return the taxing powers to the states where the constitution put them. WA has been the recipient of an
unfair distribution of monies and has been disadvantaged by being the powerhouse of Australia. The GST should be increased to
compensate for the removal of all recessive stamp duties. The taxation policies of the
Labor party will be a disaster for the country and we will go into a recession."
"Provide first home owners grant to established homes 12 month, 50 per cent reduction on stamp duty.
Take the foot off the banks necks and encourage lending"
"We need stamp duty relief for people
over 60 wanting to downsize."
"We Australians never look at long term fixes, we need look further than 20 years and cater for populations in
regional areas where there are a lot of underutilised assets. This short term vision stems from our voting cycles this,
in turn, tends to influence not only our strategic planning but our own investment and planning strategies this, in turn,
will cause our nation to drift rather than to own and direct our own vision."
"Retain negative gearing tax policies.
Additional health funding for mental health, including creating more hospital beds."
"WA’s housing market is tumbling down and should not be determined by the East Coast. It is not serving the state well.
Residential and commercial will both suffer. We need regulations for commercial tenancies as well."
"Government needs to address lack of mining, and find new markets, abolish stamp duty,
have the first home buyers grant to include existing properties."
"Perth needs population growth. We need the Government to look into ways to attract more people
to this great city from within Australia and around the world."
"First of all our state government wants to cool down this market by introducing foreign buyers tax which is stupid thing. I don't understand why they want that.
WA need to encourage international students by luring permanent resident opportunities.
When lot of established supply is already in the market they should give some assistance to first home buyers
instead of new construction, because the reality is that the money goes to land developers and builders."
"Focus more on homelessness. These people need help more than being forced to conform, they need assistance with how to handle life. Teach don’t tell.
Homebuyers grant - we’ve hit an all-time low, not because the market is in a lull but because there is no incentive.
Let’s look into this closer and understand why young people aren’t buying homes."
"We need more funding for infrastructure in WA
so we can support the growing population and attract visitors."
"Perth and WA need to invest significant amounts of money to attract more tourism/students
and permanent residents to make us the global city and destination we should be."
"Western Australia needs to be the first choice to live.
There needs to be a huge investment to happen in real estate to get back its glory."
"Perth needs to be a global city. More investment,
more tourism and more infrastructure!"