❓ Housing—Government performance 507. Mr Steve Catania to the Treasurer: I refer to the recent Cook Labor government commitment to ensuring that every Western Australian has a home. (1) Can the Treasure
AnsweredQoN 507Legislative Assembly
QuestionView source ↗
Housing—Government performance
507. Mr Steve Catania to
the Treasurer:
I refer to the
recent Cook Labor government commitment to ensuring that every Western
Australian has a home.
(1) Can the Treasurer update the house on how the
government is helping more Western Australians achieve the dream of home
ownership?
(2) Can the Treasurer advise how this compares with
the opposition's proposed approach to housing?
507. Mr Steve Catania to
the Treasurer:
I refer to the
recent Cook Labor government commitment to ensuring that every Western
Australian has a home.
(1) Can the Treasurer update the house on how the
government is helping more Western Australians achieve the dream of home
ownership?
(2) Can the Treasurer advise how this compares with
the opposition's proposed approach to housing?
AnswerView source ↗
I thank the member
for Midland for that incredible question. It is incredible because it again
focuses on what we are doing—
Mr Shane Love interjected.
Ms Rita Saffioti: It is a great question. It again
focuses on what this government is doing to deliver housing across the state. Look
no further than the work being done by Keystart, a key government agency
supporting first home buyers to get into their first home. There is a whole
range of new initiatives, including support for modular homes in regional WA through
Keystart, which is really creating a lot of attention and a lot of excitement
throughout regional WA.
Last week, we
launched our Urban Connect Share Equity program. This $210 million program allows
government to partner with homebuyers to get into their first home. It is a
practical, targeted initiative all about making sure that those who do not have
the capacity to raise a deposit and want to move away from their rental housing
can buy their first home with the government. As we know, a lot of people out
there talk about the bank of mum and dad, but many do not have access to mum
and dad or to equity. The government provides that equity. It is a true
partnership. The state takes up an equity share of up to 35%, or $250,000,
meaning the buyer needs only a 2% deposit. That is about $9,000. For example, a
buyer purchasing a $700,000 apartment through a traditional scheme would need a
deposit of $140,000 and would pay over $3,000 a month. Under this scheme, they
will need only $9,000 up-front and will pay less than $3,000 a month. That is a
saving of over $4,000 per annum.
As the Minister for
Housing and Works outlined, this is one of the many initiatives that we have
across the board to support housing supply. The figures released today again
show that WA is very much heading in the right direction and leading the
nation, with a 25% increase in the number of dwellings completed to the year
ending June, and, of course, again, also a massive increase in the number of dwellings
started. We know that Western Australian workers are out there delivering homes
for our homebuyers.
Of course, as part
of the suite of initiatives, we have planning reform. We are supporting new
estates. The "no-alition" on the other side—the Liberal Party
and the Greens WA joining up—say no to new housing developments and no
to infill. It was a central plank of their campaign to oppose new housing
estates. Just go and see their record! They are opposing new housing
initiatives. The Nationals WA says that it wants to take away decision-making
powers from state government and hand it back to local governments. That is the
position on the other side—a "no-alition" that would increase
the price and reduce the availability of housing in this state.
for Midland for that incredible question. It is incredible because it again
focuses on what we are doing—
Mr Shane Love interjected.
Ms Rita Saffioti: It is a great question. It again
focuses on what this government is doing to deliver housing across the state. Look
no further than the work being done by Keystart, a key government agency
supporting first home buyers to get into their first home. There is a whole
range of new initiatives, including support for modular homes in regional WA through
Keystart, which is really creating a lot of attention and a lot of excitement
throughout regional WA.
Last week, we
launched our Urban Connect Share Equity program. This $210 million program allows
government to partner with homebuyers to get into their first home. It is a
practical, targeted initiative all about making sure that those who do not have
the capacity to raise a deposit and want to move away from their rental housing
can buy their first home with the government. As we know, a lot of people out
there talk about the bank of mum and dad, but many do not have access to mum
and dad or to equity. The government provides that equity. It is a true
partnership. The state takes up an equity share of up to 35%, or $250,000,
meaning the buyer needs only a 2% deposit. That is about $9,000. For example, a
buyer purchasing a $700,000 apartment through a traditional scheme would need a
deposit of $140,000 and would pay over $3,000 a month. Under this scheme, they
will need only $9,000 up-front and will pay less than $3,000 a month. That is a
saving of over $4,000 per annum.
As the Minister for
Housing and Works outlined, this is one of the many initiatives that we have
across the board to support housing supply. The figures released today again
show that WA is very much heading in the right direction and leading the
nation, with a 25% increase in the number of dwellings completed to the year
ending June, and, of course, again, also a massive increase in the number of dwellings
started. We know that Western Australian workers are out there delivering homes
for our homebuyers.
Of course, as part
of the suite of initiatives, we have planning reform. We are supporting new
estates. The "no-alition" on the other side—the Liberal Party
and the Greens WA joining up—say no to new housing developments and no
to infill. It was a central plank of their campaign to oppose new housing
estates. Just go and see their record! They are opposing new housing
initiatives. The Nationals WA says that it wants to take away decision-making
powers from state government and hand it back to local governments. That is the
position on the other side—a "no-alition" that would increase
the price and reduce the availability of housing in this state.
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