WA has approached the Federal Government asking the Commonwealth to wipe the state’s housing debt.

Western Australia currently owes around 350 million dollars to the Federal Government for social housing built in the 1980’s – and pay around 30 million dollars a year in repayments.

Treasurer Ben Wyatt told Gareth Parker even if they won’t wipe it – the Commonwealth should at least refinance the debt – to reduce the interest rate.

The Commonwealth has previously wiped a similar debt for Tasmania.

Download this podcast here