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Apartment developers have reported significant reductions in both sales and enquiry from offshore investors. Photo: Attila Csaszar

Government digs in on foreign buyer tax

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 around whether revenue will meet projections.

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Very enlightened policy from the WA State Government raising about 1% of the revenue budgeted and putting a nail through a major industry when it was already on it’s knees Brett Wilkins brett.wilkins@iinet.net.au Perth

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