❓ Mr. Buswell questions the Treasurer about stamp duty concessions for first home buyers, referencing policies in Queensland and Victoria. The Treasurer defends the WA government's record and argues their approach is beneficial for the state.
AnsweredQoN 826Legislative Assembly
QuestionView source ↗
STAMP DUTY CONCESSION
(1) Is the Treasurer aware that, in the lead-up to the Queensland election, the Beattie Labor government promised to abolish stamp duty for first home buyers up to the median house price? (2) Is the Treasurer aware that the Victorian Labor Party, with an election due next month, has announced that it will increase the first home bonus and cut stamp duty rates because of rising house prices? (3) Can the Treasurer confirm that he last acted to help first home buyers through a stamp duty concession just four months before the last state election? (4) When will the Labor government make a decision that is in the best interests of the people it is supposed to represent, rather than the political interests of the Labour Party? Mr E.S. RIPPER
(1) Is the Treasurer aware that, in the lead-up to the Queensland election, the Beattie Labor government promised to abolish stamp duty for first home buyers up to the median house price? (2) Is the Treasurer aware that the Victorian Labor Party, with an election due next month, has announced that it will increase the first home bonus and cut stamp duty rates because of rising house prices? (3) Can the Treasurer confirm that he last acted to help first home buyers through a stamp duty concession just four months before the last state election? (4) When will the Labor government make a decision that is in the best interests of the people it is supposed to represent, rather than the political interests of the Labour Party? Mr E.S. RIPPER
AnswerView source ↗
(1)-(4) The government is always making decisions in the public interest. That is a key theme of the government’s approach to public policy in Western Australia, and it is paying off for the state because the state is doing extremely well. I am proud that this side of politics introduced stamp duty exemptions for first home buyers. The government did it. Those exemptions were part of the four rounds of tax cuts over the past two years that have delivered $700 million of tax relief into the system this year. The Deputy Leader of the Opposition says that it is worthless; I say to the Deputy Leader of the Opposition that 60 per cent of first home buyers get a full or partial exemption from stamp duty. These are the latest figures. The Deputy Leader of the Opposition is quite wrong to suggest that these measures are not working. Of course, the Deputy Leader of the Opposition quotes the median house price, but he does not quote the median house price for purchases by first home buyers, which is the relevant figure. The Deputy Leader of the Opposition also referred to Victoria. Even after the Victorian changes at every level of property value, people pay more in stamp duty in Victoria than they do in Western Australia. First home buyers pay more in stamp duty in Victoria than they do in Western Australia. Let me provide the figures. In Western Australia, $10 700 is paid in stamp duty on a $300 000 house. In Victoria, the figure is $11 810. For a $400 000 house, the figure is $15 700 in Western Australia and $16 810 in Victoria. For a $500 000 house, the figure is $20 700 in Western Australia and $25 660 in Victoria. Mr T. Buswell interjected. Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
(2) Is the Treasurer aware that the Victorian Labor Party, with an election due next month, has announced that it will increase the first home bonus and cut stamp duty rates because of rising house prices? (3) Can the Treasurer confirm that he last acted to help first home buyers through a stamp duty concession just four months before the last state election? (4) When will the Labor government make a decision that is in the best interests of the people it is supposed to represent, rather than the political interests of the Labour Party? Mr E.S. RIPPER replied: (1)-(4) The government is always making decisions in the public interest. That is a key theme of the government’s approach to public policy in Western Australia, and it is paying off for the state because the state is doing extremely well. I am proud that this side of politics introduced stamp duty exemptions for first home buyers. The government did it. Those exemptions were part of the four rounds of tax cuts over the past two years that have delivered $700 million of tax relief into the system this year. The Deputy Leader of the Opposition says that it is worthless; I say to the Deputy Leader of the Opposition that 60 per cent of first home buyers get a full or partial exemption from stamp duty. These are the latest figures. The Deputy Leader of the Opposition is quite wrong to suggest that these measures are not working. Of course, the Deputy Leader of the Opposition quotes the median house price, but he does not quote the median house price for purchases by first home buyers, which is the relevant figure. The Deputy Leader of the Opposition also referred to Victoria. Even after the Victorian changes at every level of property value, people pay more in stamp duty in Victoria than they do in Western Australia. First home buyers pay more in stamp duty in Victoria than they do in Western Australia. Let me provide the figures. In Western Australia, $10 700 is paid in stamp duty on a $300 000 house. In Victoria, the figure is $11 810. For a $400 000 house, the figure is $15 700 in Western Australia and $16 810 in Victoria. For a $500 000 house, the figure is $20 700 in Western Australia and $25 660 in Victoria. Mr T. Buswell interjected. Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
(3) Can the Treasurer confirm that he last acted to help first home buyers through a stamp duty concession just four months before the last state election? (4) When will the Labor government make a decision that is in the best interests of the people it is supposed to represent, rather than the political interests of the Labour Party? Mr E.S. RIPPER replied: (1)-(4) The government is always making decisions in the public interest. That is a key theme of the government’s approach to public policy in Western Australia, and it is paying off for the state because the state is doing extremely well. I am proud that this side of politics introduced stamp duty exemptions for first home buyers. The government did it. Those exemptions were part of the four rounds of tax cuts over the past two years that have delivered $700 million of tax relief into the system this year. The Deputy Leader of the Opposition says that it is worthless; I say to the Deputy Leader of the Opposition that 60 per cent of first home buyers get a full or partial exemption from stamp duty. These are the latest figures. The Deputy Leader of the Opposition is quite wrong to suggest that these measures are not working. Of course, the Deputy Leader of the Opposition quotes the median house price, but he does not quote the median house price for purchases by first home buyers, which is the relevant figure. The Deputy Leader of the Opposition also referred to Victoria. Even after the Victorian changes at every level of property value, people pay more in stamp duty in Victoria than they do in Western Australia. First home buyers pay more in stamp duty in Victoria than they do in Western Australia. Let me provide the figures. In Western Australia, $10 700 is paid in stamp duty on a $300 000 house. In Victoria, the figure is $11 810. For a $400 000 house, the figure is $15 700 in Western Australia and $16 810 in Victoria. For a $500 000 house, the figure is $20 700 in Western Australia and $25 660 in Victoria. Mr T. Buswell interjected. Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
(4) When will the Labor government make a decision that is in the best interests of the people it is supposed to represent, rather than the political interests of the Labour Party? Mr E.S. RIPPER replied: (1)-(4) The government is always making decisions in the public interest. That is a key theme of the government’s approach to public policy in Western Australia, and it is paying off for the state because the state is doing extremely well. I am proud that this side of politics introduced stamp duty exemptions for first home buyers. The government did it. Those exemptions were part of the four rounds of tax cuts over the past two years that have delivered $700 million of tax relief into the system this year. The Deputy Leader of the Opposition says that it is worthless; I say to the Deputy Leader of the Opposition that 60 per cent of first home buyers get a full or partial exemption from stamp duty. These are the latest figures. The Deputy Leader of the Opposition is quite wrong to suggest that these measures are not working. Of course, the Deputy Leader of the Opposition quotes the median house price, but he does not quote the median house price for purchases by first home buyers, which is the relevant figure. The Deputy Leader of the Opposition also referred to Victoria. Even after the Victorian changes at every level of property value, people pay more in stamp duty in Victoria than they do in Western Australia. First home buyers pay more in stamp duty in Victoria than they do in Western Australia. Let me provide the figures. In Western Australia, $10 700 is paid in stamp duty on a $300 000 house. In Victoria, the figure is $11 810. For a $400 000 house, the figure is $15 700 in Western Australia and $16 810 in Victoria. For a $500 000 house, the figure is $20 700 in Western Australia and $25 660 in Victoria. Mr T. Buswell interjected. Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr E.S. RIPPER replied: (1)-(4) The government is always making decisions in the public interest. That is a key theme of the government’s approach to public policy in Western Australia, and it is paying off for the state because the state is doing extremely well. I am proud that this side of politics introduced stamp duty exemptions for first home buyers. The government did it. Those exemptions were part of the four rounds of tax cuts over the past two years that have delivered $700 million of tax relief into the system this year. The Deputy Leader of the Opposition says that it is worthless; I say to the Deputy Leader of the Opposition that 60 per cent of first home buyers get a full or partial exemption from stamp duty. These are the latest figures. The Deputy Leader of the Opposition is quite wrong to suggest that these measures are not working. Of course, the Deputy Leader of the Opposition quotes the median house price, but he does not quote the median house price for purchases by first home buyers, which is the relevant figure. The Deputy Leader of the Opposition also referred to Victoria. Even after the Victorian changes at every level of property value, people pay more in stamp duty in Victoria than they do in Western Australia. First home buyers pay more in stamp duty in Victoria than they do in Western Australia. Let me provide the figures. In Western Australia, $10 700 is paid in stamp duty on a $300 000 house. In Victoria, the figure is $11 810. For a $400 000 house, the figure is $15 700 in Western Australia and $16 810 in Victoria. For a $500 000 house, the figure is $20 700 in Western Australia and $25 660 in Victoria. Mr T. Buswell interjected. Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
(1)-(4) The government is always making decisions in the public interest. That is a key theme of the government’s approach to public policy in Western Australia, and it is paying off for the state because the state is doing extremely well. I am proud that this side of politics introduced stamp duty exemptions for first home buyers. The government did it. Those exemptions were part of the four rounds of tax cuts over the past two years that have delivered $700 million of tax relief into the system this year. The Deputy Leader of the Opposition says that it is worthless; I say to the Deputy Leader of the Opposition that 60 per cent of first home buyers get a full or partial exemption from stamp duty. These are the latest figures. The Deputy Leader of the Opposition is quite wrong to suggest that these measures are not working. Of course, the Deputy Leader of the Opposition quotes the median house price, but he does not quote the median house price for purchases by first home buyers, which is the relevant figure. The Deputy Leader of the Opposition also referred to Victoria. Even after the Victorian changes at every level of property value, people pay more in stamp duty in Victoria than they do in Western Australia. First home buyers pay more in stamp duty in Victoria than they do in Western Australia. Let me provide the figures. In Western Australia, $10 700 is paid in stamp duty on a $300 000 house. In Victoria, the figure is $11 810. For a $400 000 house, the figure is $15 700 in Western Australia and $16 810 in Victoria. For a $500 000 house, the figure is $20 700 in Western Australia and $25 660 in Victoria. Mr T. Buswell interjected. Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
(2) Is the Treasurer aware that the Victorian Labor Party, with an election due next month, has announced that it will increase the first home bonus and cut stamp duty rates because of rising house prices? (3) Can the Treasurer confirm that he last acted to help first home buyers through a stamp duty concession just four months before the last state election? (4) When will the Labor government make a decision that is in the best interests of the people it is supposed to represent, rather than the political interests of the Labour Party? Mr E.S. RIPPER replied: (1)-(4) The government is always making decisions in the public interest. That is a key theme of the government’s approach to public policy in Western Australia, and it is paying off for the state because the state is doing extremely well. I am proud that this side of politics introduced stamp duty exemptions for first home buyers. The government did it. Those exemptions were part of the four rounds of tax cuts over the past two years that have delivered $700 million of tax relief into the system this year. The Deputy Leader of the Opposition says that it is worthless; I say to the Deputy Leader of the Opposition that 60 per cent of first home buyers get a full or partial exemption from stamp duty. These are the latest figures. The Deputy Leader of the Opposition is quite wrong to suggest that these measures are not working. Of course, the Deputy Leader of the Opposition quotes the median house price, but he does not quote the median house price for purchases by first home buyers, which is the relevant figure. The Deputy Leader of the Opposition also referred to Victoria. Even after the Victorian changes at every level of property value, people pay more in stamp duty in Victoria than they do in Western Australia. First home buyers pay more in stamp duty in Victoria than they do in Western Australia. Let me provide the figures. In Western Australia, $10 700 is paid in stamp duty on a $300 000 house. In Victoria, the figure is $11 810. For a $400 000 house, the figure is $15 700 in Western Australia and $16 810 in Victoria. For a $500 000 house, the figure is $20 700 in Western Australia and $25 660 in Victoria. Mr T. Buswell interjected. Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
(3) Can the Treasurer confirm that he last acted to help first home buyers through a stamp duty concession just four months before the last state election? (4) When will the Labor government make a decision that is in the best interests of the people it is supposed to represent, rather than the political interests of the Labour Party? Mr E.S. RIPPER replied: (1)-(4) The government is always making decisions in the public interest. That is a key theme of the government’s approach to public policy in Western Australia, and it is paying off for the state because the state is doing extremely well. I am proud that this side of politics introduced stamp duty exemptions for first home buyers. The government did it. Those exemptions were part of the four rounds of tax cuts over the past two years that have delivered $700 million of tax relief into the system this year. The Deputy Leader of the Opposition says that it is worthless; I say to the Deputy Leader of the Opposition that 60 per cent of first home buyers get a full or partial exemption from stamp duty. These are the latest figures. The Deputy Leader of the Opposition is quite wrong to suggest that these measures are not working. Of course, the Deputy Leader of the Opposition quotes the median house price, but he does not quote the median house price for purchases by first home buyers, which is the relevant figure. The Deputy Leader of the Opposition also referred to Victoria. Even after the Victorian changes at every level of property value, people pay more in stamp duty in Victoria than they do in Western Australia. First home buyers pay more in stamp duty in Victoria than they do in Western Australia. Let me provide the figures. In Western Australia, $10 700 is paid in stamp duty on a $300 000 house. In Victoria, the figure is $11 810. For a $400 000 house, the figure is $15 700 in Western Australia and $16 810 in Victoria. For a $500 000 house, the figure is $20 700 in Western Australia and $25 660 in Victoria. Mr T. Buswell interjected. Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
(4) When will the Labor government make a decision that is in the best interests of the people it is supposed to represent, rather than the political interests of the Labour Party? Mr E.S. RIPPER replied: (1)-(4) The government is always making decisions in the public interest. That is a key theme of the government’s approach to public policy in Western Australia, and it is paying off for the state because the state is doing extremely well. I am proud that this side of politics introduced stamp duty exemptions for first home buyers. The government did it. Those exemptions were part of the four rounds of tax cuts over the past two years that have delivered $700 million of tax relief into the system this year. The Deputy Leader of the Opposition says that it is worthless; I say to the Deputy Leader of the Opposition that 60 per cent of first home buyers get a full or partial exemption from stamp duty. These are the latest figures. The Deputy Leader of the Opposition is quite wrong to suggest that these measures are not working. Of course, the Deputy Leader of the Opposition quotes the median house price, but he does not quote the median house price for purchases by first home buyers, which is the relevant figure. The Deputy Leader of the Opposition also referred to Victoria. Even after the Victorian changes at every level of property value, people pay more in stamp duty in Victoria than they do in Western Australia. First home buyers pay more in stamp duty in Victoria than they do in Western Australia. Let me provide the figures. In Western Australia, $10 700 is paid in stamp duty on a $300 000 house. In Victoria, the figure is $11 810. For a $400 000 house, the figure is $15 700 in Western Australia and $16 810 in Victoria. For a $500 000 house, the figure is $20 700 in Western Australia and $25 660 in Victoria. Mr T. Buswell interjected. Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr E.S. RIPPER replied: (1)-(4) The government is always making decisions in the public interest. That is a key theme of the government’s approach to public policy in Western Australia, and it is paying off for the state because the state is doing extremely well. I am proud that this side of politics introduced stamp duty exemptions for first home buyers. The government did it. Those exemptions were part of the four rounds of tax cuts over the past two years that have delivered $700 million of tax relief into the system this year. The Deputy Leader of the Opposition says that it is worthless; I say to the Deputy Leader of the Opposition that 60 per cent of first home buyers get a full or partial exemption from stamp duty. These are the latest figures. The Deputy Leader of the Opposition is quite wrong to suggest that these measures are not working. Of course, the Deputy Leader of the Opposition quotes the median house price, but he does not quote the median house price for purchases by first home buyers, which is the relevant figure. The Deputy Leader of the Opposition also referred to Victoria. Even after the Victorian changes at every level of property value, people pay more in stamp duty in Victoria than they do in Western Australia. First home buyers pay more in stamp duty in Victoria than they do in Western Australia. Let me provide the figures. In Western Australia, $10 700 is paid in stamp duty on a $300 000 house. In Victoria, the figure is $11 810. For a $400 000 house, the figure is $15 700 in Western Australia and $16 810 in Victoria. For a $500 000 house, the figure is $20 700 in Western Australia and $25 660 in Victoria. Mr T. Buswell interjected. Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
(1)-(4) The government is always making decisions in the public interest. That is a key theme of the government’s approach to public policy in Western Australia, and it is paying off for the state because the state is doing extremely well. I am proud that this side of politics introduced stamp duty exemptions for first home buyers. The government did it. Those exemptions were part of the four rounds of tax cuts over the past two years that have delivered $700 million of tax relief into the system this year. The Deputy Leader of the Opposition says that it is worthless; I say to the Deputy Leader of the Opposition that 60 per cent of first home buyers get a full or partial exemption from stamp duty. These are the latest figures. The Deputy Leader of the Opposition is quite wrong to suggest that these measures are not working. Of course, the Deputy Leader of the Opposition quotes the median house price, but he does not quote the median house price for purchases by first home buyers, which is the relevant figure. The Deputy Leader of the Opposition also referred to Victoria. Even after the Victorian changes at every level of property value, people pay more in stamp duty in Victoria than they do in Western Australia. First home buyers pay more in stamp duty in Victoria than they do in Western Australia. Let me provide the figures. In Western Australia, $10 700 is paid in stamp duty on a $300 000 house. In Victoria, the figure is $11 810. For a $400 000 house, the figure is $15 700 in Western Australia and $16 810 in Victoria. For a $500 000 house, the figure is $20 700 in Western Australia and $25 660 in Victoria. Mr T. Buswell interjected. Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr E.S. RIPPER : Why does the member not listen for a while? The Deputy Leader of the Opposition does not want his arguments confused by facts. Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Several members interjected. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
The SPEAKER : Order, Leader of the Opposition! Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr E.S. RIPPER : I would like to compare figures between first home buyers in Western Australia and Victoria. The Deputy Leader of the Opposition quoted Victoria, so I will give him the figures. Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr T. Buswell : What about the Queensland figures? Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
Mr E.S. RIPPER : I am giving the Deputy Leader of the Opposition the Victorian figures. The stamp duty payable for a first home buyer in Western Australia on a $300 000 house is $6 600; in Victoria, it is $10 660. For a $350 000 house, a first home buyer in Western Australia pays stamp duty of $13 200; in Victoria, on a net basis, a first home buyer pays $13 660. The Deputy Leader of the Opposition has quoted figures for Victoria; if his policy is that I should adopt the Victorian rate, I would be increasing stamp duty! Surely that is not the Deputy Leader of the Opposition’s approach. I can absolutely guarantee that I will not increase stamp duty. I am in favour of stamp duty and other taxes going down, if we have the capacity to do it. However, another thing has to be taken into account. In some other states, the economy is growing a little slower than it is in Western Australia. In New South Wales, the rate is 1.1 per cent. In Victoria, it is 1.1 per cent. In Western Australia, it is 14 per cent. Those states have a slightly different situation. Western Australia has to be very careful to not drive prices up, because first home buyers do not want prices to increase at an even faster rate, which would happen if the Deputy Leader of the Opposition were able to implement his policy.
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