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‘House price decline was deliberate,’ Liberals say

‘House price decline was deliberate,’ Liberals say

by Naomi Neilson | August 30, 2019 | 1 minute read

Western Australia Liberal deputy leader Bill Marmion has declared that the three consecutive increases in land tax that led to housing price decreases were deliberate.

Bill Marmion
August 30, 2019

Mr Marmion said the increases by the previous Liberal-National government were part of a plan to make “housing more affordable” by decreasing the value of homes.

Treasurer Ben Wyatt said that while these comments bring little comfort to those who are currently facing negative equity, “they are now aware that their plight was the direct result of misguided Liberal Party policies which were planned with that result in mind”.

“The comments by the deputy leader of the Opposition show that the Liberal Party still have no idea how to manage an economy, nor do they care for the damage that their time in office inflicted on the State of Western Australia,” Mr Wyatt said.

The Liberal Party plan worked, with the median house price falling under the previous government by about $40,000, which represents a 70 per cent decline since its peak.

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The members for Nedlands now admitted this was a deliberate strategy of the Barnett Harvey government, which increased land tax three times between 2013 and 2015.

“This is an Opposition who clearly are yet to learn anything despite being in Opposition now for more than two years and continue the same way they did when in government — that is, to fail to think carefully about future consequences,” Mr Wyatt said.

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About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of editorial at Momentum Media and editor of Smart Property Investment.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]com.au

‘House price decline was deliberate,’ Liberals say
Bill Marmion
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