A WA parliamentary question on notice requests information on property sales by agencies under the Minister for Planning and Culture and the Arts, including details on residential sales, their value, and GST application. The response details sales by several authorities, including EPRA, SRA, MRA and the Department of Planning, noting the application of the margin scheme for GST in some cases.

AnsweredQoN 4189Legislative Assembly
Asked
19 October 2010
Portfolio
Planning; Culture and the Arts

QuestionView source ↗

For each agency under the authority of the Minister, I ask:
(a) how many properties, including land, have been sold in the last 12 months; and
(i) of these properties, including land, how many have been sold for residential purposes; and
(b) what was the value of each property, including land, sold for residential purposes; and
(i) of those properties, including land, sold for residential purposes, was the standard rate of GST (10%) applied; and
(ii) if not, please list the rate of GST applied to those properties that did not apply the standard rate of GST?

AnswerView source ↗

Answered
18 November 2010
Responded by
Minister for Planning; Culture and the Arts
Response time
30 days
Armadale Redevelopment Authority; Department of Cultural and the Arts advise
(a) Nil
(i) Not Applicable
(bi-ii) Not Applicable
East Perth Redevelopment Authority
(a) In the period October 2009 to September 2010 EPRA sold 13 properties including one vacant land site.
(i) All properties were for residential purposes.
(b) The purchase price for each was as follows:
Apartments sold to the Housing Authority (Department of Housing) for the provision of social housing as per EPRA's Development Policy - Affordable and Diverse Housing
- 55 Eastgate Apartments - $234 088
- 56 Eastgate Apartments - $258 722
- Unit 23, 38 Fielders Street - $273 270
- Units 1, 9, 10, 11, 13, 14, 15 and 24 / 154 Newcastle Street - $2 025 000
Vacant Land
- Lot 817 Pisconeri Street - $925 000
Improved Property
- Lot 602 Lindsay Street - $795 000
(i) No
(ii) The Margin Scheme was applied
Subiaco Redevelopment Authority
(a) In the period October 2009 to September 2010 three vacant sites in the Centro North project were sold.
(i) All three sites are zoned mixed use requiring residential development
(b) The purchase price for each was as follows:
Lot 1 - $9 174,000
Lot 2 - $7 100,000
Lot 3 - $4 400 000
(i) No
(ii) The Margin Scheme was applied
Midland Redevelopment Authority
(a) Five (5) land sales by the Midland Redevelopment Authority
(i) Two (2) for residential purposes
(b) Residential Lot 659 - $305 000
Residential Lot 682 - $290 000
(i) No
(ii) Residential Lot 659 - margin scheme applied, $10 454.55 GST
Residential Lot 682 - margin scheme applied, $1 545 45 GST
(NB: These lots had been repurchased and sold again with different margins achieved)
Department of Planning
a)  7
(i) 6
(b) 448 Nicholson Road, Forrestdale - $905 000
Lot 800 Hawkevale Road, High Wycombe - $225 000
155 Whatley Crescent, Bayswater - $490 000
157 Whatley Crescent, Bayswater - $480 000
Lot 801 Yallambee Way, Queens Park - $1 305 000
Lot 801 Hamilton Street, Queens Park - $1 707 000
(i)  The standard rate of GST was applied to all residential sales with the exception of Lot 800 Hawkevale Road, High Wycombe and Lot 801 Hamilton Street, Queens Park which were purchased by the Department of Housing  under the GST Margin Scheme.
(ii) Lot 800 Hawkevale Road, High Wycombe - $12 000 GST paid by the  Department of Housing, under the GST Margin Scheme.
Lot 801 Hamilton Street, Queens Park - $107 000 GST paid by the  Department of Housing, under the GST Margin Scheme.
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