The Real Estate Institute of Western Australia has called on all political parties contesting the federal election to ensure Western Australia has the funds it needs to keep the state moving forward by implementing a minimum infrastructure budget based on WA’s contribution to Australia’s Gross State Product (GSP).

In its 2019-20 Federal Budget, the Morrison Government allocated $1.6 billion of its $40 billion infrastructure budget to projects in WA.

REIWA President Damian Collins said this was just another example of WA not being given its fair share of funding.

“The $1.6 billion allocation is a mere four per cent of Australia’s total $40 billion budget," he said.

"Our state is home to 10 per cent of Australians and we currently account for 15 per cent of the country’s GSP.

"WA should receive at least the same percentage in federal infrastructure funding to ensure we have the means to keep driving Australia’s economy forward."

Related Reading: REIWA puts call out to federal politicians

WA is currently the only state without an independent infrastructure body, tasked with the planning and prioritising of major projects.

Mr Collins said the state government had done its part to ensure WA got a fair share of funding through the establishment of Infrastructure WA.

“The Infrastructure WA Bill is currently before the WA Parliament.

"If this Bill is passed, it will enable an independent body to be established and a long-term infrastructure strategy to be put in place.

“In the meantime, the newly elected Federal Government must ensure WA receives adequate funding.

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