PEOPLE asked questions about negative gearing, franking taxes and stamp duty at a housing forum with Prime Minister Scott Morrison at Butler Community Centre today.
About 140 people attended the April 30 event and questions related to support for small businesses and skilled migrants, as well what the government was doing to promote a more cohesive society.
Pearce MHR Christian Porter hosted the event and said as far as he was aware, it was the first time a prime minister had visited Butler.
As the election campaign rolled around Perth following a leaders debate last night, Mr Porter and Mr Morrison used the forum to promote the great Australian dream of owning a home.
Mr Porter said the rates of mortgage stress in the surrounding suburbs of Clarkson, Butler and Merriwa were among the highest in Australia.
Joondalup realtor Thomas Massam said three-quarters of people who invested in property only owned one property and were “mums and dads”.
“The average of those 75 per cent only earn $80,000 a year,” he said.
“Hardworking Australian families are actually going to use those investment houses for their superannuation – if they have their own companies, they don’t even have superannuation.”
Acknowledging concerns about the Opposition’s proposed changes to negative gearing, Mr Morrison said 320,000 people in WA depended on the property industry.
Asked about the Liberal party’s vision for WA over the next decade, Mr Morrison said he wanted the State to be prosperous again, and it would be his job, if re-elected, to remove obstacles so that could be achieved.