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‘House price decline was deliberate,’ Liberals say

By Naomi Neilson 30 August 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

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.


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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A house refers to a building or property used as living quarters or an individual’s place of permanent or temporary residence.

Housing affordability

Housing affordability refers to the cost of housing that is relative to the disposable income of a renter or buyer.

Land tax

Land tax, also known as property tax, is the fee paid on the purchase of a property owned by an individual or other legal entity.

Land tax

Land tax is a state tax calculated and paid for the ownership of land or properties.

About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of content at Momentum Media.

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]Read more

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