❓ WA Parliamentary Question on Notice regarding the First Start program, including application numbers, acceptance rates, loan amounts, and interest rates across different regions of Western Australia in late 2007. The answer provides specific figures and context.
AnsweredQoN 3336Legislative Assembly
QuestionView source ↗
October, November and December 2007-
(1) How many Western Australians in the following regions applied for the First Start program -
(a) North Metropolitan;
(b) South Metropolitan;
(c) East Metropolitan;
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(2) How many Western Australians in the following regions have been accepted for the First Start program -
(a) North Metropolitan;
(b) South Metropolitan;
(c) East Metropolitan;
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(3) What is the total amount of First Start program loans the Government has committed to in each of the following regions -
(a) North Metropolitan;
(b) East Metropolitan;
(c) South Metropolitan;
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(4) What is the rate of interest being charged by the Government for the First Start program loans?
(1) How many Western Australians in the following regions applied for the First Start program -
(a) North Metropolitan;
(b) South Metropolitan;
(c) East Metropolitan;
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(2) How many Western Australians in the following regions have been accepted for the First Start program -
(a) North Metropolitan;
(b) South Metropolitan;
(c) East Metropolitan;
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(3) What is the total amount of First Start program loans the Government has committed to in each of the following regions -
(a) North Metropolitan;
(b) East Metropolitan;
(c) South Metropolitan;
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(4) What is the rate of interest being charged by the Government for the First Start program loans?
AnswerView source ↗
Answered
10 June 2008
Responded by
Minister for Housing and Works
Response time
35 days
The State Government launched the innovative shared equity scheme, First Start, in February 2007. First Start has the capacity to assist 3000 West Australian households over three years to purchase their first home. $300M has been allocated to fund the equity the State Government, through the Department of Housing and Works, will purchase and $600M has been budgeted to offer home owners finance through Keystart for their share of the home.
As at 31 May 2008, 939 West Australian households have been formally approvedfor finance to purchase own home with the support of First Start and a further 591 have been referredfor finance.
The Department of Housing and Works advises as follows for the months of October, November and December 2007
1)
(a)
North Metropolitan
274
(b)
South Metropolitan
131
(c)
East Metropolitan
126
(d)
South West
72
(e)
Mining and Pastoral
39
(f)
Agricultural
22
2)
(a)
North Metropolitan
120
(b)
South Metropolitan
63
(c)
East Metropolitan
55
(d)
South West
30
(e)
Mining and Pastoral
8
(f)
Agricultural
3
3)
First Start Loan $M
DHW $M
Total $M
(a)
North Metropolitan
22.1
14.0
36.1
(b)
EastMetropolitan
10.2
5.6
15.8
(c)
South Metropolitan
11.8
6.3
18.1
(d)
South West
5.3
2.9
8.2
(e)
Mining and Pastoral
1.1
0.72
1.83
(f)
Agricultural
0.3
0.19
0.49
4) The current interest rate, from 1 June 2008, is 8.99%.
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
As at 31 May 2008, 939 West Australian households have been formally approvedfor finance to purchase own home with the support of First Start and a further 591 have been referredfor finance.
The Department of Housing and Works advises as follows for the months of October, November and December 2007
1)
(a)
North Metropolitan
274
(b)
South Metropolitan
131
(c)
East Metropolitan
126
(d)
South West
72
(e)
Mining and Pastoral
39
(f)
Agricultural
22
2)
(a)
North Metropolitan
120
(b)
South Metropolitan
63
(c)
East Metropolitan
55
(d)
South West
30
(e)
Mining and Pastoral
8
(f)
Agricultural
3
3)
First Start Loan $M
DHW $M
Total $M
(a)
North Metropolitan
22.1
14.0
36.1
(b)
EastMetropolitan
10.2
5.6
15.8
(c)
South Metropolitan
11.8
6.3
18.1
(d)
South West
5.3
2.9
8.2
(e)
Mining and Pastoral
1.1
0.72
1.83
(f)
Agricultural
0.3
0.19
0.49
4) The current interest rate, from 1 June 2008, is 8.99%.
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
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