Hon Lynn MacLaren questions the Housing and Works portfolio regarding the sale of Homeswest properties, specifically inquiring about the financial yield, reinvestment in new properties, and the net impact on social housing stock. The answer details the revenue generated but doesn't directly link it to new purchases, instead highlighting an overall increase in social housing stock.

AnsweredQoN 1411Legislative Council
Asked
17 November 2009
Portfolio
Housing and Works

QuestionView source ↗

Of the 187 Homeswest properties sold in the 12 months to July 2009, -
(1) What was the total net sale value for these properties?
(2) How many new Homeswest properties have been purchased with this capital, and in which location?
(3) What is the net increase in social housing dwellings, as a result of these sales?

AnswerView source ↗

Answered
2 March 2010
Responded by
Parliamentary Secretary representing the Minister for Housing and Works
Response time
105 days
(1) 207 properties sold in the 12 months to July 2009, yielding $56.75m.
(2)-(3) Proceeds of sale are not allocated separately but are made available to fund the Department's programs, including the provision of social and affordable land and housing options. The State's social housing stock increased by 529 dwellings between July 2008 and June 2009.
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