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Property industry criticises 'lazy budget' in WA

The property industry has claimed that the budget in Western Australia solves little.
Experts in the property industry have branded the latest budge in Western Australia as being lazy and doing little to address the issues that they had hoped to see made a priority.

In the last few weeks, many have been calling for the government to get rid of the worst taxes, usually stamp duty is the target, that increase the cost of buying and create barriers to home ownership.

However, changes that were announced were far from this, with leaders simply increasing the land tax once again and introducing a jump in the Perth Parking Levy.

Property Council of Australia executive director Joe Lenzo said: "This is a very disappointing Budget that lacks any vision for reform to make the tax system fairer and more sustainable."

Meanwhile, Geoff Cooper, director of housing for the Master Builders Association of Western Australia, said that the move was akin to the government putting its hand in the pocket of buyers, and does nothing to improve affordability problems across the state.

Posted by Ravin Chatlani

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