❓ Hon Peter Collier asks the Treasurer about Treasury's modelling on the impact of the stamp duty rebate on the housing industry, specifically regarding the number of properties expected to attract a rebate and the number of additional apartments expected to be built. The Treasurer's response is vague, stating that Treasury made assumptions but market impacts will be determined by buyers and developers.
AnsweredQoN 1280Legislative Council
QuestionView source ↗
STATE ECONOMY —
STAMP DUTY REBATE
1280. Hon PETER COLLIER to
the minister representing the Treasurer:
I refer to question without notice
1258 asked on 29 October 2019.
(1) Did Treasury
undertake any modelling on the impact of the stimulus to the housing industry?
(2) If yes to
(1), what is the number of properties that are expected to attract a rebate?
(3) Did the
modelling indicate the number of additional new apartments that would be built
as a result of this stimulus?
(4) If yes to (3), how many additional new apartments
are expected to be built as a result of this stimulus measure?
STAMP DUTY REBATE
1280. Hon PETER COLLIER to
the minister representing the Treasurer:
I refer to question without notice
1258 asked on 29 October 2019.
(1) Did Treasury
undertake any modelling on the impact of the stimulus to the housing industry?
(2) If yes to
(1), what is the number of properties that are expected to attract a rebate?
(3) Did the
modelling indicate the number of additional new apartments that would be built
as a result of this stimulus?
(4) If yes to (3), how many additional new apartments
are expected to be built as a result of this stimulus measure?
AnswerView source ↗
I thank the Leader of the Opposition
for some notice of the question.
(1)–(4) The
Department of Treasury, in formulating its revenue estimate, made a number of
assumptions and considered all relevant and available information on the
potential impact on the market. Eventual market impacts will be determined by
buyers and developers.
for some notice of the question.
(1)–(4) The
Department of Treasury, in formulating its revenue estimate, made a number of
assumptions and considered all relevant and available information on the
potential impact on the market. Eventual market impacts will be determined by
buyers and developers.
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