❓ Mr. McGrath inquires about the First Start program's application numbers, acceptance rates, loan amounts, and interest rates across various WA regions for Jan-Mar 2008. The Minister provides detailed figures and context.
AnsweredQoN 3337Legislative Assembly
QuestionView source ↗
January, February and March 2008 –
(1) How many Western Australians in the following regions applied for the First Start program -
(a) North Metropolitan;
(b) South Metropolitan;
(c) East Metropolitan
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(2) How many Western Australians in the following regions have been accepted for the First Start program -
(a) North Metropolitan;
(b) South Metropolitan;
(c) East Metropolitan;
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(3) What is the total amount of First Start program loans the Government has committed to in each of the following regions -
(a) North Metropolitan;
(b) East Metropolitan;
(c) South Metropolitan;
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(4) What is the rate of interest being charged by the Government for the First Start program loans?
(1) How many Western Australians in the following regions applied for the First Start program -
(a) North Metropolitan;
(b) South Metropolitan;
(c) East Metropolitan
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(2) How many Western Australians in the following regions have been accepted for the First Start program -
(a) North Metropolitan;
(b) South Metropolitan;
(c) East Metropolitan;
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(3) What is the total amount of First Start program loans the Government has committed to in each of the following regions -
(a) North Metropolitan;
(b) East Metropolitan;
(c) South Metropolitan;
(d) South West;
(e) Mining and Pastoral; and
(f) Agricultural?
(4) What is the rate of interest being charged by the Government for the First Start program loans?
AnswerView source ↗
Answered
10 June 2008
Responded by
Minister for Housing and Works
Response time
35 days
The State Government launched the innovative shared equity scheme, First Start, in February 2007. First Start has the capacity to assist 3000 West Australian households over three years to purchase their first home. $300M has been allocated to fund the equity the State Government, through the Department of Housing and Works, will purchase and $600M has been budgeted to offer home owners finance through Keystart for their share of the home.
As at 31 May 2008, 939 West Australian households have been formally approvedfor finance to purchase own home with the support of First Start and a further 591 have been referredfor finance.
The Department of Housing and Works advises as follows for the months of January, February, March 2008:
1)
(a)
North Metropolitan
433
(b)
South Metropolitan
235
(c)
East Metropolitan
188
(d)
South West
117
(e)
Mining and Pastoral
21
(f)
Agricultural
27
2)
(a)
North Metropolitan
183
(b)
South Metropolitan
102
(c)
East Metropolitan
75
(d)
South West
64
(e)
Mining and Pastoral
9
(f)
Agricultural
10
3)
First Start Loan $M
DHW $M
Total $M
(a)
North Metropolitan
35.9
19.4
55.3
(b)
East Metropolitan
14.0
7.0
21.0
(c)
South Metropolitan
19.0
10.6
29.6
(d)
South West
11.2
5.8
17.0
(e)
Mining and Pastoral
1.2
.77
1.79
(f)
Agriculture
1.4
0.91
2.31
4) The current interest rate, from 1 June 2008, is 8.99%.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
As at 31 May 2008, 939 West Australian households have been formally approvedfor finance to purchase own home with the support of First Start and a further 591 have been referredfor finance.
The Department of Housing and Works advises as follows for the months of January, February, March 2008:
1)
(a)
North Metropolitan
433
(b)
South Metropolitan
235
(c)
East Metropolitan
188
(d)
South West
117
(e)
Mining and Pastoral
21
(f)
Agricultural
27
2)
(a)
North Metropolitan
183
(b)
South Metropolitan
102
(c)
East Metropolitan
75
(d)
South West
64
(e)
Mining and Pastoral
9
(f)
Agricultural
10
3)
First Start Loan $M
DHW $M
Total $M
(a)
North Metropolitan
35.9
19.4
55.3
(b)
East Metropolitan
14.0
7.0
21.0
(c)
South Metropolitan
19.0
10.6
29.6
(d)
South West
11.2
5.8
17.0
(e)
Mining and Pastoral
1.2
.77
1.79
(f)
Agriculture
1.4
0.91
2.31
4) The current interest rate, from 1 June 2008, is 8.99%.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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