Question regarding the availability and regional distribution of properties under the SharedStart shared equity scheme, particularly in the Pilbara region, and the reasons for any potential neglect of regional areas.

AnsweredQoN 6217Legislative Assembly
Asked
27 September 2011
Portfolio
Housing

QuestionView source ↗

(1) When will the new properties available under the SharedStart shared equity scheme become available?
(2) How many of these properties are located in the Pilbara, a region with property values under tremendous stress from the resources boom?
(3) If the answer to (2) is none, why have regional areas been ignored by this scheme?

AnswerView source ↗

Answered
1 November 2011
Responded by
Minister for Housing
Response time
35 days
The Department of Housing advises:
(1 - 3) The initial properties available under SharedStart are available now.
SharedStart is targeting up to 2 000 loans over two years. Properties to be made available under SharedStart are being sourced through the Department of Housing's Expression of Interest (EOI) process, under which over 80 proposals have been submitted to date.
The Department is currently assessing these proposals and is confident the proposals will enable it to deliver SharedStart home loan opportunities throughout metropolitan and regional Western Australia, including the Pilbara.
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