Western Australia is considering applying a levy to investment properties.

Australian Housing Market

Source: iStock

The government of Western Australia is considering applying a 270 dollar levy to investment properties in the state in order to repiar the state's budget.

If it goes ahead, the levy would be applied to properties with a gross rental value of 24 thousand dollars per year or more.

It's the latest in a number of policies the new state Labor government has put forth to try and drive down the state budget deficit.

But the opposition says such a levy would break Labor's election camapign promise not to introduce any new taxes.

It also says this would be a tax on the poor, because landlords would pass the cost on to those renting the property.




Share
1 min read

Published

By Madhura Seneviratne
Source: SBS News

Share this with family and friends


Follow SBS Sinhala

Download our apps
SBS Audio
SBS On Demand

Listen to our podcasts
Independent news and stories connecting you to life in Australia and Sinhala-speaking Australians.
Ease into the English language and Australian culture. We make learning English convenient, fun and practical.
Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service