Western Australia is considering applying a levy to investment properties.

Australian Housing Market

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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.


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By Madhura Seneviratne

Source: SBS News




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