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The state government's stamp duty relief initiative is expected to be a major boost for its efforts to increase high density development and housing diversity. Photo: Gabriel Oliveira

Industry welcomes stamp duty relief for apartments

Off-the-plan apartment buyers in Western Australia will receive a 75 per cent rebate on stamp duty for the next two years, capped at $50,000, under a stimulus package unveiled by the state government today that has been roundly welcomed by the development industry.

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Perth
Foreign investment for new builds was up in WA, according to the NAB Residential Property Survey for Q3 2019, up 5 per cent to 5.8 per cent from the decade low of 0.8 per cent last quarter. Some of the organisations lobbying government claim on their websites to have quality research and insights ... really?

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