Mr. Logan questions the Housing Minister about the government's pre-purchase of apartments in the Junctions development in South Hedland, specifically regarding the use of taxpayer money and the project's future. The Minister confirms the project is on hold and the government is earning the interest on the trust fund.

AnsweredQoN 957Legislative Assembly
Asked
20 November 2014
Portfolio
Housing

QuestionView source ↗

HOUSING —
JUNCTIONS DEVELOPMENT — SOUTH HEDLAND
957. Mr F.M. LOGAN to the
Minister for Housing:
I refer to the Department of Housing's pre-purchase
of 38 apartments within the Junctions development in South Hedland and $19.6 million
of taxpayers' money currently parked in a trust account.
(1) Why has the government once again underwritten a private
sector speculative property deal?
(2) Is interest being earned on the trust account; and, if
so, who is receiving it?
(3) What does the government intend to do with the 38
apartments once constructed?

AnswerView source ↗

I thank the
member for Cockburn for the question.
(1)–(3)
The Junctions project is on hold. It will not go ahead unless the market
improves. Indeed, there is money in a trust fund. The interest is not being
earned by anyone but us. The project will not go ahead unless there is a demand
for houses in the area.

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