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Uncharted territory: Calls for stimulus to jump start property market

WA’s housing industry leaders have met with the State Government, urging them to put together a stimulus package to jump-start the housing market.

Perth property prices are down around 20 percent from their peak, five years ago.

WA’s Housing Industry Association Executive Director Cath Hart told Gareth Parker part of the problem was a population drop at the end of the mining boom coupled with the banking Royal Commission.

Ms Hart says the industry group is calling for stamp duty on apartment purchases to be axed, raising the stamp duty threshold for first homebuyers, and concessions for seniors looking to downsize among others.

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