As Western Australia’s real estate market continues to face unprecedented challenges, the spotlight on housing during the federal election campaign brings both opportunity and urgency for meaningful change. At Holdsworth Real Estate, we’re closely monitoring the evolving landscape and what it means for buyers, renters, and investors in WA.

A Tight Market with Unique Challenges

WA’s rental market remains one of the tightest in the nation, with vacancy rates hovering below 1% for most of the past year. This has driven intense pressure on rental affordability and availability, making it tougher for tenants and first-time buyers alike. While national housing affordability is a key election issue, WA’s distinct challenges—such as constrained land supply and construction workforce shortages—require tailored solutions within broader federal frameworks.

Supply is the Key to Long-Term Relief

The federal government’s target of building 1.2 million new homes is ambitious, but progress is lagging. Unlocking housing supply in WA demands more than promises—it requires bold reforms to streamline planning systems, release developable land, and bolster the skilled trades workforce. Federal funding and policy levers must prioritize these areas to deliver homes where they’re needed most.

Balancing Demand and Supply

Initiatives like the Home Guarantee Scheme are helping first-time buyers enter the market, and we welcome policies that support homeownership. However, boosting demand without addressing supply risks pushing prices higher in Perth’s already competitive market. Both major parties have proposed measures to ease the path to homeownership, but these must be paired with supply-side solutions to avoid exacerbating affordability pressures.

Investor Confidence is Critical

Encouragingly, both Labor and the Coalition have committed to preserving negative gearing and capital gains tax settings—policies that are vital for maintaining investor confidence and rental supply in WA. A recent REIWA survey revealed that 83% of investors would consider selling if property tax settings changed, underscoring the fragility of the private rental market. Proposals from the Greens to abolish negative gearing could destabilize this critical sector, and we urge policymakers to prioritize stability.

What’s Next for WA’s Property Market?

The national focus on housing is a step in the right direction, but accountability and delivery are what matter most. As we approach the election, we’re advocating for policies that address WA’s unique needs and deliver tangible results for our clients. Whether you’re a buyer, renter, or investor, our team at Holdsworth Real Estate is here to guide you through this dynamic market with expert advice and personalized support.

Stay tuned for more updates, and contact us today to discuss your real estate goals in this evolving landscape.