❓ The Treasurer confirms that the WA economy is outperforming the rest of the nation, citing strong figures in jobs, housing, and exports. The answer also contrasts the current government's performance with that of the previous coalition government.
AnsweredQoN 606Legislative Assembly
QuestionView source ↗
Will the Treasurer inform the house about reports that the Western Australian economy continues to outperform the rest of the nation? Mr E.S. RIPPER
AnswerView source ↗
Out there in the real world, Western Australia’s V8 economy is showing no signs of slowing. Whether it is in the area of jobs, housing or exports, our economy is steaming ahead - we are leading the nation. Australian Bureau of Statistics figures released today show that Western Australia is the place to be, particularly if a person wants a job. Our unemployment rate is 4.1 per cent, which is the lowest rate of all the states, and the lowest since records began in 1978. That is in stark contrast to the situation we inherited from our coalition predecessors, at which time newspaper headlines read, “Jobs crisis looks set to continue”. In the last year of the coalition’s time in office, the economy became smaller. The national unemployment rate today is 5.1 per cent, which is up from five per cent. However, the unemployment rate in Western Australia is 4.1 per cent. Total employment in Western Australia has increased this year by 67 300 people, or 6.8 per cent. That is the strongest rate of employment growth of any of the states. Since this government was elected, 132 500 jobs have been created. Let us consider the housing figures. The total value of housing finance for investors is up 27.6 per cent in the three months to August 2005 compared with the same time last year. Nationally, the figure is down by 10.4 per cent. For first home buyers, mortgage approvals are up by 20.5 per cent compared with the same time last year. We were the only state to record growth in mortgage approvals in the three months to August 2005. This government does not shy away from its role. We have cut land tax by $325 million over four years, and assisted 10 000 first home buyers with full or partial stamp duty relief. That is a lot is different from what happened under the coalition government. Members should look at the headline from a newspaper article that appeared during the coalition’s term in government; it reads “Budget slugs home owners”. The type of thing that happened under the coalition was the slugging of home owners and a declining economy. However, under the stewardship of this government, we have a booming economy. Western Australia has always been a great place to live; now it is an even better place to live. It is a great place to get a job and a great place in which to invest.
Mr E.S. RIPPER replied: Out there in the real world, Western Australia’s V8 economy is showing no signs of slowing. Whether it is in the area of jobs, housing or exports, our economy is steaming ahead - we are leading the nation. Australian Bureau of Statistics figures released today show that Western Australia is the place to be, particularly if a person wants a job. Our unemployment rate is 4.1 per cent, which is the lowest rate of all the states, and the lowest since records began in 1978. That is in stark contrast to the situation we inherited from our coalition predecessors, at which time newspaper headlines read, “Jobs crisis looks set to continue”. In the last year of the coalition’s time in office, the economy became smaller. The national unemployment rate today is 5.1 per cent, which is up from five per cent. However, the unemployment rate in Western Australia is 4.1 per cent. Total employment in Western Australia has increased this year by 67 300 people, or 6.8 per cent. That is the strongest rate of employment growth of any of the states. Since this government was elected, 132 500 jobs have been created. Let us consider the housing figures. The total value of housing finance for investors is up 27.6 per cent in the three months to August 2005 compared with the same time last year. Nationally, the figure is down by 10.4 per cent. For first home buyers, mortgage approvals are up by 20.5 per cent compared with the same time last year. We were the only state to record growth in mortgage approvals in the three months to August 2005. This government does not shy away from its role. We have cut land tax by $325 million over four years, and assisted 10 000 first home buyers with full or partial stamp duty relief. That is a lot is different from what happened under the coalition government. Members should look at the headline from a newspaper article that appeared during the coalition’s term in government; it reads “Budget slugs home owners”. The type of thing that happened under the coalition was the slugging of home owners and a declining economy. However, under the stewardship of this government, we have a booming economy. Western Australia has always been a great place to live; now it is an even better place to live. It is a great place to get a job and a great place in which to invest.
Out there in the real world, Western Australia’s V8 economy is showing no signs of slowing. Whether it is in the area of jobs, housing or exports, our economy is steaming ahead - we are leading the nation. Australian Bureau of Statistics figures released today show that Western Australia is the place to be, particularly if a person wants a job. Our unemployment rate is 4.1 per cent, which is the lowest rate of all the states, and the lowest since records began in 1978. That is in stark contrast to the situation we inherited from our coalition predecessors, at which time newspaper headlines read, “Jobs crisis looks set to continue”. In the last year of the coalition’s time in office, the economy became smaller. The national unemployment rate today is 5.1 per cent, which is up from five per cent. However, the unemployment rate in Western Australia is 4.1 per cent. Total employment in Western Australia has increased this year by 67 300 people, or 6.8 per cent. That is the strongest rate of employment growth of any of the states. Since this government was elected, 132 500 jobs have been created. Let us consider the housing figures. The total value of housing finance for investors is up 27.6 per cent in the three months to August 2005 compared with the same time last year. Nationally, the figure is down by 10.4 per cent. For first home buyers, mortgage approvals are up by 20.5 per cent compared with the same time last year. We were the only state to record growth in mortgage approvals in the three months to August 2005. This government does not shy away from its role. We have cut land tax by $325 million over four years, and assisted 10 000 first home buyers with full or partial stamp duty relief. That is a lot is different from what happened under the coalition government. Members should look at the headline from a newspaper article that appeared during the coalition’s term in government; it reads “Budget slugs home owners”. The type of thing that happened under the coalition was the slugging of home owners and a declining economy. However, under the stewardship of this government, we have a booming economy. Western Australia has always been a great place to live; now it is an even better place to live. It is a great place to get a job and a great place in which to invest.
Let us consider the housing figures. The total value of housing finance for investors is up 27.6 per cent in the three months to August 2005 compared with the same time last year. Nationally, the figure is down by 10.4 per cent. For first home buyers, mortgage approvals are up by 20.5 per cent compared with the same time last year. We were the only state to record growth in mortgage approvals in the three months to August 2005. This government does not shy away from its role. We have cut land tax by $325 million over four years, and assisted 10 000 first home buyers with full or partial stamp duty relief. That is a lot is different from what happened under the coalition government. Members should look at the headline from a newspaper article that appeared during the coalition’s term in government; it reads “Budget slugs home owners”. The type of thing that happened under the coalition was the slugging of home owners and a declining economy. However, under the stewardship of this government, we have a booming economy. Western Australia has always been a great place to live; now it is an even better place to live. It is a great place to get a job and a great place in which to invest.
Mr E.S. RIPPER replied: Out there in the real world, Western Australia’s V8 economy is showing no signs of slowing. Whether it is in the area of jobs, housing or exports, our economy is steaming ahead - we are leading the nation. Australian Bureau of Statistics figures released today show that Western Australia is the place to be, particularly if a person wants a job. Our unemployment rate is 4.1 per cent, which is the lowest rate of all the states, and the lowest since records began in 1978. That is in stark contrast to the situation we inherited from our coalition predecessors, at which time newspaper headlines read, “Jobs crisis looks set to continue”. In the last year of the coalition’s time in office, the economy became smaller. The national unemployment rate today is 5.1 per cent, which is up from five per cent. However, the unemployment rate in Western Australia is 4.1 per cent. Total employment in Western Australia has increased this year by 67 300 people, or 6.8 per cent. That is the strongest rate of employment growth of any of the states. Since this government was elected, 132 500 jobs have been created. Let us consider the housing figures. The total value of housing finance for investors is up 27.6 per cent in the three months to August 2005 compared with the same time last year. Nationally, the figure is down by 10.4 per cent. For first home buyers, mortgage approvals are up by 20.5 per cent compared with the same time last year. We were the only state to record growth in mortgage approvals in the three months to August 2005. This government does not shy away from its role. We have cut land tax by $325 million over four years, and assisted 10 000 first home buyers with full or partial stamp duty relief. That is a lot is different from what happened under the coalition government. Members should look at the headline from a newspaper article that appeared during the coalition’s term in government; it reads “Budget slugs home owners”. The type of thing that happened under the coalition was the slugging of home owners and a declining economy. However, under the stewardship of this government, we have a booming economy. Western Australia has always been a great place to live; now it is an even better place to live. It is a great place to get a job and a great place in which to invest.
Out there in the real world, Western Australia’s V8 economy is showing no signs of slowing. Whether it is in the area of jobs, housing or exports, our economy is steaming ahead - we are leading the nation. Australian Bureau of Statistics figures released today show that Western Australia is the place to be, particularly if a person wants a job. Our unemployment rate is 4.1 per cent, which is the lowest rate of all the states, and the lowest since records began in 1978. That is in stark contrast to the situation we inherited from our coalition predecessors, at which time newspaper headlines read, “Jobs crisis looks set to continue”. In the last year of the coalition’s time in office, the economy became smaller. The national unemployment rate today is 5.1 per cent, which is up from five per cent. However, the unemployment rate in Western Australia is 4.1 per cent. Total employment in Western Australia has increased this year by 67 300 people, or 6.8 per cent. That is the strongest rate of employment growth of any of the states. Since this government was elected, 132 500 jobs have been created. Let us consider the housing figures. The total value of housing finance for investors is up 27.6 per cent in the three months to August 2005 compared with the same time last year. Nationally, the figure is down by 10.4 per cent. For first home buyers, mortgage approvals are up by 20.5 per cent compared with the same time last year. We were the only state to record growth in mortgage approvals in the three months to August 2005. This government does not shy away from its role. We have cut land tax by $325 million over four years, and assisted 10 000 first home buyers with full or partial stamp duty relief. That is a lot is different from what happened under the coalition government. Members should look at the headline from a newspaper article that appeared during the coalition’s term in government; it reads “Budget slugs home owners”. The type of thing that happened under the coalition was the slugging of home owners and a declining economy. However, under the stewardship of this government, we have a booming economy. Western Australia has always been a great place to live; now it is an even better place to live. It is a great place to get a job and a great place in which to invest.
Let us consider the housing figures. The total value of housing finance for investors is up 27.6 per cent in the three months to August 2005 compared with the same time last year. Nationally, the figure is down by 10.4 per cent. For first home buyers, mortgage approvals are up by 20.5 per cent compared with the same time last year. We were the only state to record growth in mortgage approvals in the three months to August 2005. This government does not shy away from its role. We have cut land tax by $325 million over four years, and assisted 10 000 first home buyers with full or partial stamp duty relief. That is a lot is different from what happened under the coalition government. Members should look at the headline from a newspaper article that appeared during the coalition’s term in government; it reads “Budget slugs home owners”. The type of thing that happened under the coalition was the slugging of home owners and a declining economy. However, under the stewardship of this government, we have a booming economy. Western Australia has always been a great place to live; now it is an even better place to live. It is a great place to get a job and a great place in which to invest.
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