WA GOVERNMENT EXTENDED TWO INCENTIVES

 Western Australia has extended its short term rental accommodation and vacant property rentals incentive schemes, both of which offer cash incentives to owners who will switch their short term stays or vacant properties to the long term rental market. (surprise surprise as the rental market is still so tight, owners will have to be heavily incentivised to give up that short term rental as it's worth more to them than an ordinary rental).

Although the application window for both schemes was originally specified to end on the 30th June 2025, applicants for both schemes will now be considered until 31 December 2025, or until the funds are exhausted (fat chance of that happening).

Obviously, the catch is that you have to provide a 12 month lease to qualify for the $10,000 incentive. With vacant properties its $5,000 incentive.

The WA government is reporting that short term rental scheme has added 457 new rentals since it opened in November 2023, with the vacant properties converted an additional 249 properties since it's launch in May last year. (well I suppose that's something that is far cheaper for the Government to pay rather than build more homes!) 

We are putting on more short term stays because the return is far better. I dont disagree that it's a good incentive for vacant properties as owners have been leaving them empty for their own use when in town. Short term though the money is just too good, however $10,000 injection (they dont say if it's tax free ha ha) would be good to have.

I think that when making a decision on which way you want to go short term has to be very smick almost like a hotel room would be, you cannot really do it yourself unless you are retired and have all the time to keep checking on things.

I suppose you just have to weigh it all up and be happy with making a decision.

But good to know they have extended it so there is at least a choice of what you can do.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!