WHAT REIWA REC­OM­MENDS

Kalamunda Reporter - - Residential -

1.

Main­tain ex­ist­ing trans­fer duty ex­emp­tion for first-home buy­ers at $430,000 and rein­tro­duce the $3000 First Home Own­ers Grant for the pur­chase of ex­ist­ing dwellings.

In­tro­duce a $10,000 con­ces­sion on trans­fer duty for se­niors over the age of 65 to en­cour­age “right-siz­ing” (trad­ing in an of­ten larger home for some­thing that bet­ter suits their cur­rent needs).

Un­der­take a state tax re­view to as­sess the vi­a­bil­ity of a shift to a broad­based land tax sys­tem that ul­ti­mately re­moves trans­fer duty.

No in­crease to trans­fer duty rates or change of thresh­olds.

Make no fur­ther changes to rates or thresh­olds for land tax.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.