❓ A WA parliamentary question seeks data on the First Start Shared Equity Loan Scheme, including application numbers, property values, and participant demographics. The answer provides data for the three months to 30 June 2007 and notes upcoming changes to income eligibility.
AnsweredQoN 2502Legislative Assembly
QuestionView source ↗
(a) how many applications were received for participation in the First Start Shared Equity Loan Scheme;
(b) how many applicants were approved for participation in the First Start Shared Equity Loan Scheme;
(c) what was the average value of the properties approved as part of the First Start Shared Equity Loan Scheme;
(d) what was the value of the highest value property approved as part of the First Start Shared Equity Loan Scheme;
(e) what was the average value of the property shares purchased as part of the First Start Shared Equity Loan Scheme;
(f) what was the average percentage of the property share purchased as part of the First Start Shared Equity Loan Scheme;
(g) how many participants left the First Start Shared Equity Loan Scheme; and
(h) how many:
(i) applicants; and
(ii) approved applicants,
fit into the following categories:
(A) families with incomes under $60,000;
(B) couples with incomes under $50,000; and
(C) singles with incomes under $35,000?
(b) how many applicants were approved for participation in the First Start Shared Equity Loan Scheme;
(c) what was the average value of the properties approved as part of the First Start Shared Equity Loan Scheme;
(d) what was the value of the highest value property approved as part of the First Start Shared Equity Loan Scheme;
(e) what was the average value of the property shares purchased as part of the First Start Shared Equity Loan Scheme;
(f) what was the average percentage of the property share purchased as part of the First Start Shared Equity Loan Scheme;
(g) how many participants left the First Start Shared Equity Loan Scheme; and
(h) how many:
(i) applicants; and
(ii) approved applicants,
fit into the following categories:
(A) families with incomes under $60,000;
(B) couples with incomes under $50,000; and
(C) singles with incomes under $35,000?
AnswerView source ↗
Answered
20 September 2007
Responded by
Minister for Housing and Works
Response time
37 days
The Department of Housing and Works advises for the three months to 30 June 2007:
a. 1249 registrations of interest received
b. 949 were forwarded a loan application based on information provided by the applicant/s
c. $307,000
d. $365,000
e. $189,000 (Borrower's equity) $118,000 (Department's equity)
f. 62% (Borrower's %) 38% (Department's %)
g. Nil
h (i) Applicants forwarded a loan application based on information provided by the applicant/s
(A) 469 (B) 365 (C) 115
(ii) Applicants approved or pre-approved for the First Start initiative.
(A) 182 (B) 20 (C) 24
As the launch of First Start has broken new ground, its implementation is being closely monitored. To ensure the target of helping 3,000 families over the next three years to own their first home can be achieved, the income eligibility levels for First Start were raised from August 1 this year. The new income limits are $70,000 for families, $60,000 for couples; and $43,000 for singles.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
a. 1249 registrations of interest received
b. 949 were forwarded a loan application based on information provided by the applicant/s
c. $307,000
d. $365,000
e. $189,000 (Borrower's equity) $118,000 (Department's equity)
f. 62% (Borrower's %) 38% (Department's %)
g. Nil
h (i) Applicants forwarded a loan application based on information provided by the applicant/s
(A) 469 (B) 365 (C) 115
(ii) Applicants approved or pre-approved for the First Start initiative.
(A) 182 (B) 20 (C) 24
As the launch of First Start has broken new ground, its implementation is being closely monitored. To ensure the target of helping 3,000 families over the next three years to own their first home can be achieved, the income eligibility levels for First Start were raised from August 1 this year. The new income limits are $70,000 for families, $60,000 for couples; and $43,000 for singles.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.