No New Tax On WA Foreign Investment Says Industry

The Property Council is calling on the WA Government to rule out an extra stamp duty charge on foreign investment in WA real estate.

The recent introduction of a similar charge by the Victorian Government has caused significant concern in Australian property markets, including the emerging WA apartment development sector.

It is worth noting that the Queensland Government has recognised this and this week ruled out any new taxes on foreign investment in QLD real estate.

The property sector in WA is calling on the WA Government to make a similarly swift rejection of any new taxes on foreign investment.