Western Australia was one of only two states in the nation to not experience a decline in home ownership between 2002 and 2014, according to the latest HILDA report.
The current WA real estate market is behaving quite differently to markets on the East Coast, so for us it was critical to look at the impact tinkering with negative gearing would have locally.
Property investment important to Western Australians
Negative gearing encourages property investment, and helps people retire with confidence, reducing the burden on the federal government, says REIWA president, Hayden Groves.
The Western Australian government's decision not to reinstate the first home owners grant is a missed opportunity, but there is still good value to be found in Perth.