❓ Hon Ray Halligan asks about the status of affordable housing initiatives and the allocated funding. Hon Ljiljanna Ravlich responds, outlining the First Start program and increased funding.
AnsweredQoN 35Legislative Council
QuestionView source ↗
AFFORDABLE HOUSING INITIATIVES
I refer to the answer to question without notice 1058 of 2006. (1) Has the government yet developed a “suitable product”? (2) If so, what are the details? (3) If not, when is it anticipated that such a product will be developed? (4) What has happened to the $50 million allocated for 2006-07 towards the pilot scheme? Hon LJILJANNA RAVLICH
I refer to the answer to question without notice 1058 of 2006. (1) Has the government yet developed a “suitable product”? (2) If so, what are the details? (3) If not, when is it anticipated that such a product will be developed? (4) What has happened to the $50 million allocated for 2006-07 towards the pilot scheme? Hon LJILJANNA RAVLICH
AnswerView source ↗
I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(1) Has the government yet developed a “suitable product”? (2) If so, what are the details? (3) If not, when is it anticipated that such a product will be developed? (4) What has happened to the $50 million allocated for 2006-07 towards the pilot scheme? Hon LJILJANNA RAVLICH replied: I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(2) If so, what are the details? (3) If not, when is it anticipated that such a product will be developed? (4) What has happened to the $50 million allocated for 2006-07 towards the pilot scheme? Hon LJILJANNA RAVLICH replied: I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(3) If not, when is it anticipated that such a product will be developed? (4) What has happened to the $50 million allocated for 2006-07 towards the pilot scheme? Hon LJILJANNA RAVLICH replied: I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(4) What has happened to the $50 million allocated for 2006-07 towards the pilot scheme? Hon LJILJANNA RAVLICH replied: I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
Hon LJILJANNA RAVLICH replied: I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(1) Has the government yet developed a “suitable product”? (2) If so, what are the details? (3) If not, when is it anticipated that such a product will be developed? (4) What has happened to the $50 million allocated for 2006-07 towards the pilot scheme? Hon LJILJANNA RAVLICH replied: I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(2) If so, what are the details? (3) If not, when is it anticipated that such a product will be developed? (4) What has happened to the $50 million allocated for 2006-07 towards the pilot scheme? Hon LJILJANNA RAVLICH replied: I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(3) If not, when is it anticipated that such a product will be developed? (4) What has happened to the $50 million allocated for 2006-07 towards the pilot scheme? Hon LJILJANNA RAVLICH replied: I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(4) What has happened to the $50 million allocated for 2006-07 towards the pilot scheme? Hon LJILJANNA RAVLICH replied: I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
Hon LJILJANNA RAVLICH replied: I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
I thank the member for some notice of this question. The Minister for Housing and Works has responded as follows - (1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(1) Yes. (2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(2) The state government has launched the $300 million First Start program, a shared equity scheme aimed at helping first home buyers on lower to moderate incomes to realise their dream of owning their own homes. Under this innovative housing affordability initiative, the Department of Housing and Works will purchase a share in the property and the home buyer will be provided with a Keystart low-deposit loan to purchase the remaining share. The department will purchase up to 40 per cent of the house for families with incomes under $60 000; up to 30 per cent for couples with incomes under $50 000; and up to 30 per cent for singles with incomes under $35 000. Currently, the maximum property price under the scheme is $365 000 and First Start participants must be owner-occupiers and qualify for the first home owner’s grant. To support the scheme, the government will make available to the First Start participants 500 lots or properties, and two house and land display homes, which can be replicated for under $365 000, have been created in the Banksia Grove joint venture project. The scheme is offered across the state and has the capacity to assist 3 000 households over the next three years. (3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(3) Not applicable. (4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
(4) The Carpenter government has increased the funding for the scheme from $50 million to $300 million.
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