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.
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.
There were numerous suburbs within the metropolitan area where Perth tenants could rent a house or unit for less than the city's overall median price of $400 a week.