WA households to pay $200 more a year

WA households will have to fork out almost $200 a year to cover increases in the cost of living including water and electricity prices.

Electricity cables set against a sunset in Sydney,

(AAP) Source: AAP

West Australian households will take a hip-pocket hit of almost $200 a year as electricity prices and water rates rise.

In handing down his second budget on Thursday, Treasurer Mike Nahan revealed the average home would have to find an extra $198.54 a year for household costs.

The 2015/16 budget showed both electricity prices and water bills will rise by 4.5 per cent.

From July 1 next year, motorists will, on average, have to fork out an additional $99 on their compulsory third party insurance, bringing it up to about $415.

That's due to the introduction of a no-fault motor vehicle injury insurance scheme to cover the lifetime cost of caring for people catastrophically injured in car accidents, which is estimated to cost $4 million per victim.

There will be a smaller fee for tractors, mopeds, vintage cars and farm firefighting vehicles but no charge for trailers and caravans.

Public transport users will also have to pay an extra 10 cents for a standard two-zone trip.

The state government will provide a $560 million investment package - including $105 million in existing, repurposed funds - to reduce the social housing waitlist and provide 1000 new dwellings over the next two years.

The land tax scale has also been revised, starting at $300 for a property valued at $300,000 but the top rate will remain unchanged.

The $3000 first home owner grant for established homes will also be scrapped.

In the lead-up to the state budget, Premier Colin Barnett promised there would be little impact on households.

The figures showed that it was a better outcome than last year's budget, which required households to spend an extra $324.18.

Dr Nahan noted the average savings for households was at 28 per cent.


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Source: AAP


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