❓ WA Parliamentary Question on Notice regarding the First Start program, including application numbers, acceptance rates, loan amounts, and interest rates across different regions of Western Australia during July-September 2007.
AnsweredQoN 3335Legislative Assembly
QuestionView source ↗
July, August and September 2007:
(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 their 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 July, August and September 2007:
1)
(a)
North Metropolitan
358
(b)
South Metropolitan
157
(c)
East Metropolitan
147
(d)
South West
79
(e)
Mining and Pastoral
42
(f)
Agricultural
27
2)
(a)
North Metropolitan
100
(b)
South Metropolitan
43
(c)
East Metropolitan
42
(d)
South West
27
(e)
Mining and Pastoral
10
(f)
Agricultural
7
3)
First Start Loan $M
DHW $M
Total $M
(a)
North Metropolitan
18.8
10.4
29.2
(b)
East Metropolitan
7.9
5.2
13.1
(c)
South Metropolitan
7.9
4.9
12.8
(d)
South West
4.4
2.5
6.9
(e)
Mining and Pastoral
1.3
0.72
2.02
(f)
Agricultural
0.7
0.42
1.12
4) During the July to September 2007 quarter the interest rate was 7.99%. 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
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As at 31 May 2008, 939 West Australian households have been formally approvedfor finance to purchase their 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 July, August and September 2007:
1)
(a)
North Metropolitan
358
(b)
South Metropolitan
157
(c)
East Metropolitan
147
(d)
South West
79
(e)
Mining and Pastoral
42
(f)
Agricultural
27
2)
(a)
North Metropolitan
100
(b)
South Metropolitan
43
(c)
East Metropolitan
42
(d)
South West
27
(e)
Mining and Pastoral
10
(f)
Agricultural
7
3)
First Start Loan $M
DHW $M
Total $M
(a)
North Metropolitan
18.8
10.4
29.2
(b)
East Metropolitan
7.9
5.2
13.1
(c)
South Metropolitan
7.9
4.9
12.8
(d)
South West
4.4
2.5
6.9
(e)
Mining and Pastoral
1.3
0.72
2.02
(f)
Agricultural
0.7
0.42
1.12
4) During the July to September 2007 quarter the interest rate was 7.99%. 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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