❓ Ms. Brewer questions the Minister about advocating for stamp duty relief for homebuyers, given the significant increase in stamp duty costs over the past five years. The Minister defends the government's focus on increasing housing supply, particularly apartments, and accuses the opposition of hypocrisy.
AnsweredQoN 13Legislative Assembly
QuestionView source ↗
Homebuyers—Stamp duty relief13.Ms Sandra Brewerto
the Minister for Housing and Works:Five years ago, the
median house price meant a homebuyer had to pay $17,527 in stamp duty. Today,
the median house price means a homebuyer has to pay $35,405 in stamp duty. Has the
minister advocated to the Premier and Treasurer for the urgent need for
meaningful stamp duty relief for struggling homebuyers?
the Minister for Housing and Works:Five years ago, the
median house price meant a homebuyer had to pay $17,527 in stamp duty. Today,
the median house price means a homebuyer has to pay $35,405 in stamp duty. Has the
minister advocated to the Premier and Treasurer for the urgent need for
meaningful stamp duty relief for struggling homebuyers?
AnswerView source ↗
I thank the member
for her question. As a state government, we have introduced a vast number of
reforms, and the key focus has been on supply. That is about understanding we
need to do everything we can to bolster housing and land supply in Western
Australia. Members are seeing an unprecedented effort, and this has been
recognised by a range of stakeholders, including Shelter WA, the Urban
Development Institute of Australia, the Property Council of WA and the Housing
Industry Association, in terms of the initiatives.In relation to stamp
duty and tax, can I say we have been very clear, given the current market
constraints, that one has to be prudent about the impacts that the member has
suggested. Fuelling further demand can only have one effect, and that is to raise
and push prices up further. What we have done as the state government I think
is very logical. We are focused on new apartment builds. We want to create that
supply. We have done it with financial support, through our infrastructure
headworks program to fund power and water, which has been warmly welcomed, funding
a huge number of apartments and through a second part. Given the apartment
market has been weaker and there are a large number of factors at play, we
introduced a stamp duty concession for off-the-plan purchases. Then we made—Ms Sandra Brewer:Over $2 billion in windfall
gains.The Speaker:Member for Cottesloe, you have asked the
question.Mr John Carey:We introduced off-the-plan stamp duty
concessions for apartments and then made them up-front. In fact, the member for
Cottesloe would know that announcement so well because she was standing next to
me—Ms Sandra Brewerinterjected.The Speaker:Member for Cottesloe.Several members
interjected.Mr John Carey:The member for Cottesloe—Several members
interjected.The Speaker:Member for Cottesloe, stop your
interjections or you will not get your supplementary.Mr John Carey:Members of the opposition get very
agitated and then interject consistently. When we actually made that
announcement about off-the-plan apartments, do they know who said that was
brilliant? It was the member for Cottesloe. Where was she? She was standing
next to me. I mean, the hypocrisy of the Liberals, but particularly the member
for Cottesloe! The reality is that we are focused on the off-the-plan and new apartment
market because we want to grow that not only for first home buyers but also
downsizers. Can I say that on the other side of politics, the Liberal leader
comes out and says, "We should reduce stamp duty. It's not an official
policy, but I've got to mention it. It's not been endorsed, but I've got to
mention it. But, wait a minute, it's not a policy." This is extraordinary
stuff. The Leader of the Liberal Party goes out with the thought bubble—the
commentator. Whether it is the Swan Bells in the middle of the river, whether
it is funding the Commonwealth Games or whether it is a billion dollars for a
river foreshore, he is everywhere and anywhere. I mean, this is the reality.Ms Rita Saffioti:Not Coachella.Mr John Carey:Not Coachella.But the reality is
that we are focused on supply, and we are focused on those initiatives that helps
to get those new apartments out the door.
Homebuyers—Stamp duty relief
13.Ms Sandra Brewerto
the Minister for Housing and Works:
Five years ago, the
median house price meant a homebuyer had to pay $17,527 in stamp duty. Today,
the median house price means a homebuyer has to pay $35,405 in stamp duty. Has the
minister advocated to the Premier and Treasurer for the urgent need for
meaningful stamp duty relief for struggling homebuyers?
Mr John Carey replied:
I thank the member
for her question. As a state government, we have introduced a vast number of
reforms, and the key focus has been on supply. That is about understanding we
need to do everything we can to bolster housing and land supply in Western
Australia. Members are seeing an unprecedented effort, and this has been
recognised by a range of stakeholders, including Shelter WA, the Urban
Development Institute of Australia, the Property Council of WA and the Housing
Industry Association, in terms of the initiatives.
In relation to stamp
duty and tax, can I say we have been very clear, given the current market
constraints, that one has to be prudent about the impacts that the member has
suggested. Fuelling further demand can only have one effect, and that is to raise
and push prices up further. What we have done as the state government I think
is very logical. We are focused on new apartment builds. We want to create that
supply. We have done it with financial support, through our infrastructure
headworks program to fund power and water, which has been warmly welcomed, funding
a huge number of apartments and through a second part. Given the apartment
market has been weaker and there are a large number of factors at play, we
introduced a stamp duty concession for off-the-plan purchases. Then we made—
Ms Sandra Brewer:Over $2 billion in windfall
gains.
The Speaker:Member for Cottesloe, you have asked the
question.
Mr John Carey:We introduced off-the-plan stamp duty
concessions for apartments and then made them up-front. In fact, the member for
Cottesloe would know that announcement so well because she was standing next to
me—
Ms Sandra Brewerinterjected.
The Speaker:Member for Cottesloe.
Several members
interjected.
Mr John Carey:The member for Cottesloe—
Several members
interjected.
The Speaker:Member for Cottesloe, stop your
interjections or you will not get your supplementary.
Mr John Carey:Members of the opposition get very
agitated and then interject consistently. When we actually made that
announcement about off-the-plan apartments, do they know who said that was
brilliant? It was the member for Cottesloe. Where was she? She was standing
next to me. I mean, the hypocrisy of the Liberals, but particularly the member
for Cottesloe! The reality is that we are focused on the off-the-plan and new apartment
market because we want to grow that not only for first home buyers but also
downsizers. Can I say that on the other side of politics, the Liberal leader
comes out and says, "We should reduce stamp duty. It's not an official
policy, but I've got to mention it. It's not been endorsed, but I've got to
mention it. But, wait a minute, it's not a policy." This is extraordinary
stuff. The Leader of the Liberal Party goes out with the thought bubble—the
commentator. Whether it is the Swan Bells in the middle of the river, whether
it is funding the Commonwealth Games or whether it is a billion dollars for a
river foreshore, he is everywhere and anywhere. I mean, this is the reality.
Ms Rita Saffioti:Not Coachella.
Mr John Carey:Not Coachella.
But the reality is
that we are focused on supply, and we are focused on those initiatives that helps
to get those new apartments out the door.
for her question. As a state government, we have introduced a vast number of
reforms, and the key focus has been on supply. That is about understanding we
need to do everything we can to bolster housing and land supply in Western
Australia. Members are seeing an unprecedented effort, and this has been
recognised by a range of stakeholders, including Shelter WA, the Urban
Development Institute of Australia, the Property Council of WA and the Housing
Industry Association, in terms of the initiatives.In relation to stamp
duty and tax, can I say we have been very clear, given the current market
constraints, that one has to be prudent about the impacts that the member has
suggested. Fuelling further demand can only have one effect, and that is to raise
and push prices up further. What we have done as the state government I think
is very logical. We are focused on new apartment builds. We want to create that
supply. We have done it with financial support, through our infrastructure
headworks program to fund power and water, which has been warmly welcomed, funding
a huge number of apartments and through a second part. Given the apartment
market has been weaker and there are a large number of factors at play, we
introduced a stamp duty concession for off-the-plan purchases. Then we made—Ms Sandra Brewer:Over $2 billion in windfall
gains.The Speaker:Member for Cottesloe, you have asked the
question.Mr John Carey:We introduced off-the-plan stamp duty
concessions for apartments and then made them up-front. In fact, the member for
Cottesloe would know that announcement so well because she was standing next to
me—Ms Sandra Brewerinterjected.The Speaker:Member for Cottesloe.Several members
interjected.Mr John Carey:The member for Cottesloe—Several members
interjected.The Speaker:Member for Cottesloe, stop your
interjections or you will not get your supplementary.Mr John Carey:Members of the opposition get very
agitated and then interject consistently. When we actually made that
announcement about off-the-plan apartments, do they know who said that was
brilliant? It was the member for Cottesloe. Where was she? She was standing
next to me. I mean, the hypocrisy of the Liberals, but particularly the member
for Cottesloe! The reality is that we are focused on the off-the-plan and new apartment
market because we want to grow that not only for first home buyers but also
downsizers. Can I say that on the other side of politics, the Liberal leader
comes out and says, "We should reduce stamp duty. It's not an official
policy, but I've got to mention it. It's not been endorsed, but I've got to
mention it. But, wait a minute, it's not a policy." This is extraordinary
stuff. The Leader of the Liberal Party goes out with the thought bubble—the
commentator. Whether it is the Swan Bells in the middle of the river, whether
it is funding the Commonwealth Games or whether it is a billion dollars for a
river foreshore, he is everywhere and anywhere. I mean, this is the reality.Ms Rita Saffioti:Not Coachella.Mr John Carey:Not Coachella.But the reality is
that we are focused on supply, and we are focused on those initiatives that helps
to get those new apartments out the door.
Homebuyers—Stamp duty relief
13.Ms Sandra Brewerto
the Minister for Housing and Works:
Five years ago, the
median house price meant a homebuyer had to pay $17,527 in stamp duty. Today,
the median house price means a homebuyer has to pay $35,405 in stamp duty. Has the
minister advocated to the Premier and Treasurer for the urgent need for
meaningful stamp duty relief for struggling homebuyers?
Mr John Carey replied:
I thank the member
for her question. As a state government, we have introduced a vast number of
reforms, and the key focus has been on supply. That is about understanding we
need to do everything we can to bolster housing and land supply in Western
Australia. Members are seeing an unprecedented effort, and this has been
recognised by a range of stakeholders, including Shelter WA, the Urban
Development Institute of Australia, the Property Council of WA and the Housing
Industry Association, in terms of the initiatives.
In relation to stamp
duty and tax, can I say we have been very clear, given the current market
constraints, that one has to be prudent about the impacts that the member has
suggested. Fuelling further demand can only have one effect, and that is to raise
and push prices up further. What we have done as the state government I think
is very logical. We are focused on new apartment builds. We want to create that
supply. We have done it with financial support, through our infrastructure
headworks program to fund power and water, which has been warmly welcomed, funding
a huge number of apartments and through a second part. Given the apartment
market has been weaker and there are a large number of factors at play, we
introduced a stamp duty concession for off-the-plan purchases. Then we made—
Ms Sandra Brewer:Over $2 billion in windfall
gains.
The Speaker:Member for Cottesloe, you have asked the
question.
Mr John Carey:We introduced off-the-plan stamp duty
concessions for apartments and then made them up-front. In fact, the member for
Cottesloe would know that announcement so well because she was standing next to
me—
Ms Sandra Brewerinterjected.
The Speaker:Member for Cottesloe.
Several members
interjected.
Mr John Carey:The member for Cottesloe—
Several members
interjected.
The Speaker:Member for Cottesloe, stop your
interjections or you will not get your supplementary.
Mr John Carey:Members of the opposition get very
agitated and then interject consistently. When we actually made that
announcement about off-the-plan apartments, do they know who said that was
brilliant? It was the member for Cottesloe. Where was she? She was standing
next to me. I mean, the hypocrisy of the Liberals, but particularly the member
for Cottesloe! The reality is that we are focused on the off-the-plan and new apartment
market because we want to grow that not only for first home buyers but also
downsizers. Can I say that on the other side of politics, the Liberal leader
comes out and says, "We should reduce stamp duty. It's not an official
policy, but I've got to mention it. It's not been endorsed, but I've got to
mention it. But, wait a minute, it's not a policy." This is extraordinary
stuff. The Leader of the Liberal Party goes out with the thought bubble—the
commentator. Whether it is the Swan Bells in the middle of the river, whether
it is funding the Commonwealth Games or whether it is a billion dollars for a
river foreshore, he is everywhere and anywhere. I mean, this is the reality.
Ms Rita Saffioti:Not Coachella.
Mr John Carey:Not Coachella.
But the reality is
that we are focused on supply, and we are focused on those initiatives that helps
to get those new apartments out the door.
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