❓ Opposition asks the Premier to support a 75% stamp duty cut to stimulate the housing sector. The Premier responds by highlighting existing and planned government initiatives, including a housing investment package and reopening home opens, while indicating further measures are being considered.
AnsweredQoN 334Legislative Assembly
QuestionView source ↗
CORONAVIRUS —
HOUSING STIMULUS — STAMP DUTY
334. Mr A. KRSTICEVIC to the Premier:
I refer to the opposition's
bold short-term stimulus initiatives. Will the Premier support a 75 per cent
stamp duty cut of up to $50 000 for a six-month period to stimulate the housing
sector, which is under threat because its pipeline of work is drying up?
HOUSING STIMULUS — STAMP DUTY
334. Mr A. KRSTICEVIC to the Premier:
I refer to the opposition's
bold short-term stimulus initiatives. Will the Premier support a 75 per cent
stamp duty cut of up to $50 000 for a six-month period to stimulate the housing
sector, which is under threat because its pipeline of work is drying up?
AnswerView source ↗
We understand that the housing
sector has been under significant pressure over the past three months. It is
very concerning. We have had a range of conversations with industry and we will
continue to work with industry on measures
to support the sector. Yesterday, the Minister for Housing announced that we
will bring forward as quickly as we can the $150 million housing investment
package that the government had scheduled for commencement in July. That will
engage private sector builders to undertake some of that building work on new
housing construction across the state for social housing for Homeswest tenants.
I look forward to that work getting underway, which will be a fillip to the
industry.
On top of that, as part of phase 1
of our COVID-19 response, we are the first state government in Australia to reopen home opens and display villages for
inspection. It was obviously widely welcomed by industry that we were able to get that activity underway. We find with housing villages that, most of
the time, people who want to build a new
house want to see it before they do. There are various ways to do it these
days. Sometimes it is through a home open or a housing display village,
while at other times it is through a set of computer-generated images. Whatever
it is, our home villages inspire people and give them the opportunity to see
what it might be. We reopened those, and we were the first state government in
Australia to get that activity underway. Also, the planning reforms that we are
bringing forward today will provide a huge boost to industry across the state
to allow for private sector investment to get underway.
In terms of other initiatives, we
are currently working through what else the state government can do, and we
will no doubt make further announcements in the future.
sector has been under significant pressure over the past three months. It is
very concerning. We have had a range of conversations with industry and we will
continue to work with industry on measures
to support the sector. Yesterday, the Minister for Housing announced that we
will bring forward as quickly as we can the $150 million housing investment
package that the government had scheduled for commencement in July. That will
engage private sector builders to undertake some of that building work on new
housing construction across the state for social housing for Homeswest tenants.
I look forward to that work getting underway, which will be a fillip to the
industry.
On top of that, as part of phase 1
of our COVID-19 response, we are the first state government in Australia to reopen home opens and display villages for
inspection. It was obviously widely welcomed by industry that we were able to get that activity underway. We find with housing villages that, most of
the time, people who want to build a new
house want to see it before they do. There are various ways to do it these
days. Sometimes it is through a home open or a housing display village,
while at other times it is through a set of computer-generated images. Whatever
it is, our home villages inspire people and give them the opportunity to see
what it might be. We reopened those, and we were the first state government in
Australia to get that activity underway. Also, the planning reforms that we are
bringing forward today will provide a huge boost to industry across the state
to allow for private sector investment to get underway.
In terms of other initiatives, we
are currently working through what else the state government can do, and we
will no doubt make further announcements in the future.
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