Home›Questions on Notice›QoN 2175

❓ Hon Steve Martin asks about stamp duty revenue from first home buyers across different property price brackets for the 2023-24 financial year, with comparative data from previous years. The response refers to a previous question for most data and redirects part (d) to the Treasurer.

AnsweredQoN 2175Legislative Council

Asked

17 September 2024

Member

Hon Steve Martin

Portfolio

Finance

QuestionView source ↗

I refer to stamp duty from residential property transactions, and I ask: (a) how many residential property transactions involving first home buyers occurred in the 2023-24 financial year, per each of the following property price levels: (i) under $450,000; (ii) $450,000 to $499,999; (iii) $500,000 to $549,999; (iv) $550,000 to $599,999; (v) $600,000 to $649,999; (vi) $650,000 to $699,999; (vii) $700,000 to $749,000; (viii) $750,000 to $799,999; (ix) $800,000 to $849,999; (x) $850,000 to $899,999; (xi) $900,000 to $949,999; (xii) $950,000 to $999,999; and (xiii) $1,000,000 and over; (b) for each of the figures in (a), what was the total revenue generated; (c) what was the total revenue generated from transfer duty paid by first home buyers in the following years: (i) 2023-24; (ii) 2022-23; and (iii) 2021-22; and (d) what are the projected numbers of future first home buyer transactions used to calculate the cost of the first homeowner concession in the outyears?