REIWA has launched its six-point plan to boost the West Australian economy.

REIWA’s six point plan.

• Increase the stamp duty exempt threshold for first home buyers to $550,000.
• Re-introducing the $7,000 First Home Owners Grant for the purchase of existing dwellings.
• The State Government introduce a $10,000 concession on stamp duty for seniors over the age of 65 to encourage appropriate ‘right-sizing.’
• Remove the stamp duty penalty for off-the-plan purchases.
• Revoke the foreign owner duty surcharge to keep WA property competitive.
• The State Government undertakes a state tax review

REIWA President Damian Collins spoke with Oliver Peterson.

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