Opposition asks about Nicheliving's uncompleted builds and government response time. Treasurer acknowledges hardship, cites COVID impact, and outlines support measures, but doesn't provide specific numbers, stating ongoing assessment due to Nicheliving's size.

AnsweredQoN 403Legislative Assembly
Asked
18 June 2024
Portfolio
Treasurer

QuestionView source ↗

NICHELIVING
403. Mr R.S. LOVE to the Treasurer:
I refer to a meeting between the
Minister for Commerce and Nicheliving representatives that took place yesterday
following significant pressure from the media, impacted customers and the
opposition.
(1) Having now
met with Nicheliving, can the government confirm how many outstanding builds
are yet to be completed by the company?
(2) Noting that
some customers have been waiting for their homes to be built for up to 1 000
days, why has it taken so long for the government to act on this issue?

AnswerView source ↗

(1)–(2) I
thank the member for the question. First of all, we understand that many Western
Australians, whether with Nicheliving or other builders, have experienced hardship
in relation to the completion of their homes. We saw with COVID, in a sense, a once-in-a-generation
disruption to the built construction market and we have seen a plan for
recovery. Many Western Australians, whether with Nicheliving or others, have
experienced delays. That is why we have introduced a number of measures. One of
them was that we changed our land tax regime
to ensure that those who have been waiting more than two years for their homes to be completed will be exempt from land tax. That has benefited a number of
people. We made sure we put that regime in
place. The second is that we introduced the builders loan facility. We have
seen a number of small home builders apply for funds to support the
completion of homes. The builders loan facility is the only one of its type in
the nation. It was targeted at small builders, with the number of homes capped
at five, to get support through the builders loan facility. It was very much
targeted at small builders, and particular criteria was established.
The Minister for Commerce met with
Nicheliving yesterday. We are working through some of the discussion points
through that meeting in relation to actual numbers. The Leader of the
Opposition will have to refer that to that minister, and, if he gave me some
notice, I would have probably been able to give him that information too. We
are working through the extraordinary circumstance of Nicheliving and its
impact on home owners.
We very much sympathise with home
owners in Western Australia who have been waiting for their homes to be built.
I know that, across the suburbs and the state, people have been waiting many
years. We very much sympathise with them.
That is why we introduced the builders loan facility. As I said, Nicheliving is
not a small builder; it is a bigger builder. As a result, we are working
through unique circumstances, but our aim is to always support those who have
been disadvantaged through circumstances beyond their control. We understand
the anxiety that brings with it. We are very much keen to continue to work
through it. This is not an easy solution or path, because going in and trying
to support those builds has many complexities.
In relation to the builders loan
facility, we continue to progress those. As I said, the builders loan facility was very much targeted at smaller builders. This
is a bigger builder and in relation to the number of stranded assets,
those numbers are bigger and that is why we are working through the information
it provided us.

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