❓ Question regarding the reception of the stamp duty rebate for off-the-plan apartments by the property industry. The Premier responds positively, highlighting industry support and criticising the opposition's lack of policy.
AnsweredQoN 947Legislative Assembly
QuestionView source ↗
STATE ECONOMY — STAMP DUTY REBATE
947. Mr D.R. MICHAEL to the Premier:
Firstly, can I welcome, on behalf
of the members for Southern River and Thornlie, the student councillors from
Wirrabirra Primary School.
I refer to the excellent
announcement yesterday of stamp duty relief for apartments purchased off the
plan. How has this news been received by the property industry?
947. Mr D.R. MICHAEL to the Premier:
Firstly, can I welcome, on behalf
of the members for Southern River and Thornlie, the student councillors from
Wirrabirra Primary School.
I refer to the excellent
announcement yesterday of stamp duty relief for apartments purchased off the
plan. How has this news been received by the property industry?
AnswerView source ↗
I thank the member for Balcatta.
Yesterday, we announced a 75 per cent rebate, capped at $50 000, for the next
two years for people who purchase apartments off the plan. It will apply
whether they are first home buyers or established
property investors, and whether they are Western Australians or overseas
property investors. The response from the industry has been extremely
encouraging. Yesterday, I read out some very complimentary remarks by Cath Hart
from the Housing Industry Association. I want to outline to the house now that
the remainder of the property industry is very excited and thinks it will have
a huge impact on confidence and activity in our building sector in Western Australia,
and also in job creation.
Paul Blackburne, a well-known
builder and investor in Western Australia, whose company Blackburne is doing
some great developments around the place, had this to say, and I quote —
''The government's
reduction in stamp duty will absolutely help buyers to make that decision to
purchase off the plan and downsize, upsize or invest,'' �
''It is one of the most
significant initiatives for WA's economy in 20 years.''
I repeat—in 20 years.
I
also want to quote Sandra Brewer from the Property Council of Western Australia.
I would like to give a shout-out to Sandra. Thank you, Sandra.
A government member: I love you,
Sandra!
Mr M. McGOWAN : I like Sandra's
work. Sandra Brewer said this, and I quote —
''It's terrific to see
the State Government encouraging housing diversity by balancing the mix of
infill and greenfield development by levelling —
Several members interjected.
The SPEAKER : Members! The
Premier is on his feet.
Mr M. McGOWAN : Sandra Brewer
from the Property Council said, and I quote —
''It's terrific to see
the State Government encouraging housing diversity by balancing the mix of
infill and greenfield development by levelling the policy playing field. Fixing
this stamp duty inequity will lead to a brighter and less congested future for
Perth.''
The Master Builders Association of Western
Australia executive director, John Gelavis, said, and I quote —
''I think this has come just
at the right time for the sector,'' �
Damian Collins from the Real Estate
Institute of Western Australia said that it will create more construction jobs.
Today's The West Australian said that it was good news.
The only critics out there are the
very sad, morose and unhappy opposition members. They seem to find ways of
criticising everything and being negative about everything. They criticised the
announcement yesterday, just because they wanted to be critical. What yesterday
showed, and what today shows, is that they do not understand the Western Australian
economy. They do not have any polices. I have not yet seen a policy document
from the opposition, in two and a half years. They have not done a policy
document in two and a half years.
Several members interjected.
The SPEAKER : Members!
Mr M. McGOWAN : Day in, day
out, the government releases policies and initiatives to create jobs in Western
Australia.
Mr A. Krsticevic interjected.
The SPEAKER : Member for
Carine!
Mr M. McGOWAN : The
opposition does not do any. Or do they?
Mr A. Krsticevic interjected.
The SPEAKER : Member for Carine, I call you to order
for the first time.
Mr M. McGOWAN : Yesterday, we saw the release by the
shadow Treasurer of what has been broadly interpreted as a policy. That begs
the question: why did the opposition leader not launch yesterday's
policy? Why did the opposition leader not do it? Why has the opposition leader
been sidelined in these things? What was interpreted as a policy was 10
paragraphs of thought bubbles by the shadow Treasurer. The opposition and the
Liberal Party are a policy-free zone—no policies and no ideas. All they
do is criticise and carp. The Western Australian community can see right
through them.
Yesterday, we announced a 75 per cent rebate, capped at $50 000, for the next
two years for people who purchase apartments off the plan. It will apply
whether they are first home buyers or established
property investors, and whether they are Western Australians or overseas
property investors. The response from the industry has been extremely
encouraging. Yesterday, I read out some very complimentary remarks by Cath Hart
from the Housing Industry Association. I want to outline to the house now that
the remainder of the property industry is very excited and thinks it will have
a huge impact on confidence and activity in our building sector in Western Australia,
and also in job creation.
Paul Blackburne, a well-known
builder and investor in Western Australia, whose company Blackburne is doing
some great developments around the place, had this to say, and I quote —
''The government's
reduction in stamp duty will absolutely help buyers to make that decision to
purchase off the plan and downsize, upsize or invest,'' �
''It is one of the most
significant initiatives for WA's economy in 20 years.''
I repeat—in 20 years.
I
also want to quote Sandra Brewer from the Property Council of Western Australia.
I would like to give a shout-out to Sandra. Thank you, Sandra.
A government member: I love you,
Sandra!
Mr M. McGOWAN : I like Sandra's
work. Sandra Brewer said this, and I quote —
''It's terrific to see
the State Government encouraging housing diversity by balancing the mix of
infill and greenfield development by levelling —
Several members interjected.
The SPEAKER : Members! The
Premier is on his feet.
Mr M. McGOWAN : Sandra Brewer
from the Property Council said, and I quote —
''It's terrific to see
the State Government encouraging housing diversity by balancing the mix of
infill and greenfield development by levelling the policy playing field. Fixing
this stamp duty inequity will lead to a brighter and less congested future for
Perth.''
The Master Builders Association of Western
Australia executive director, John Gelavis, said, and I quote —
''I think this has come just
at the right time for the sector,'' �
Damian Collins from the Real Estate
Institute of Western Australia said that it will create more construction jobs.
Today's The West Australian said that it was good news.
The only critics out there are the
very sad, morose and unhappy opposition members. They seem to find ways of
criticising everything and being negative about everything. They criticised the
announcement yesterday, just because they wanted to be critical. What yesterday
showed, and what today shows, is that they do not understand the Western Australian
economy. They do not have any polices. I have not yet seen a policy document
from the opposition, in two and a half years. They have not done a policy
document in two and a half years.
Several members interjected.
The SPEAKER : Members!
Mr M. McGOWAN : Day in, day
out, the government releases policies and initiatives to create jobs in Western
Australia.
Mr A. Krsticevic interjected.
The SPEAKER : Member for
Carine!
Mr M. McGOWAN : The
opposition does not do any. Or do they?
Mr A. Krsticevic interjected.
The SPEAKER : Member for Carine, I call you to order
for the first time.
Mr M. McGOWAN : Yesterday, we saw the release by the
shadow Treasurer of what has been broadly interpreted as a policy. That begs
the question: why did the opposition leader not launch yesterday's
policy? Why did the opposition leader not do it? Why has the opposition leader
been sidelined in these things? What was interpreted as a policy was 10
paragraphs of thought bubbles by the shadow Treasurer. The opposition and the
Liberal Party are a policy-free zone—no policies and no ideas. All they
do is criticise and carp. The Western Australian community can see right
through them.
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