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Context Counts
Gross State Product (GSP) data reported a 2.7% contraction in the year to June 2017, making WA the only State to report negative GSP growth in the past year. This has to be put into context. WA’s annual economic growth has averaged 4.9% during a decade of unprecedented resources-fuelled economic expansion. Despite the decline, WA’s per capita GSP still sits at $90,500 – far in excess of every other state.
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Strata Reform Team Making Progress
The Landgate strata reform team is making progress on the draft Bills likely to be delivered into Parliament in mid-2018. This includes drafting for community titles and leasehold strata as well as the safeguards for the terminations of schemes and drafting of the section for more flexible staged development. Click here for further updates.
