One Australian state’s peak property body calls for investor tax incentives
As the state government weighs up ways to generate more affordable rental properties, Western Australia's peak real estate body is calling for financial incentives to encourage investors and boost rental supply.
Perth has the highest pace of rental price growth (up 1.7 per cent over the quarter) and rental yield (4.2 per cent) outside Darwin and Hobart, and a dire need for more rental properties. (Image source: BMphotographer/Shutterstock.com)
Looking for short term answers to long term housing problems is not the solution to address issues in the Western Australian rental market.
Recent commentary about tenancy laws and the timetable for changes, fails to acknowledge the key role private investors play in the supply of houses for rent, and the need for a balanced approach to improve rental supply.
In WA, more than 86 per cent of rental homes are owned by private investors. These are…
