❓ Mr. Nalder questions the Treasurer about low housing approval figures and the effectiveness of the government's stamp duty policy. The Treasurer responds by highlighting a recent increase in house approvals and defends the policy's focus on addressing declines in unit and apartment approvals.
AnsweredQoN 998Legislative Assembly
QuestionView source ↗
HOUSING APPROVALS —
AUSTRALIAN BUREAU OF STATISTICS
998. Mr D.C. NALDER to the Treasurer:
I
refer to building approval figures released today by the Australian Bureau of Statistics,
specifically the total number of houses approved on a trend basis.
(1) Can the
Treasurer confirm that the housing approval figures released today, which
attracted absolutely zero benefit from the government's recently
announced stamp duty policy, are now the lowest on record?
(2) What is the
Treasurer doing to address this housing crisis?
AUSTRALIAN BUREAU OF STATISTICS
998. Mr D.C. NALDER to the Treasurer:
I
refer to building approval figures released today by the Australian Bureau of Statistics,
specifically the total number of houses approved on a trend basis.
(1) Can the
Treasurer confirm that the housing approval figures released today, which
attracted absolutely zero benefit from the government's recently
announced stamp duty policy, are now the lowest on record?
(2) What is the
Treasurer doing to address this housing crisis?
AnswerView source ↗
(1)–(2) I
can confirm that the housing approval figures came out today. I am delighted to
say that WA had the biggest increase in housing approvals—up 7.2 per cent.
The data around others, generally covering units and apartments, are the very
reason that we announced our policy last week. It highlighted a large decline
in approvals for units and apartments, and in particular a huge decline in
multi-residential approvals. I think that highlights and confirms exactly why
we announced a policy on off-the-plan apartment stamp duty relief last week,
and I suspect that is why every single peak body in the property sector
supports it.
can confirm that the housing approval figures came out today. I am delighted to
say that WA had the biggest increase in housing approvals—up 7.2 per cent.
The data around others, generally covering units and apartments, are the very
reason that we announced our policy last week. It highlighted a large decline
in approvals for units and apartments, and in particular a huge decline in
multi-residential approvals. I think that highlights and confirms exactly why
we announced a policy on off-the-plan apartment stamp duty relief last week,
and I suspect that is why every single peak body in the property sector
supports it.
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