❓ Mr. Sprigg questions the Minister for Housing and Works about budget cuts to crisis accommodation and Keystart, given rising housing prices. The Minister defends the Keystart cuts by citing a strong economy and increased loan discharges.
AnsweredQoN 294Legislative Assembly
QuestionView source ↗
KEYSTART FUNDING
The budget papers show that the minister is cutting funding for crisis accommodation by $1 million next year. In addition, at a time when the median housing prices have hit record highs, the minister is cutting funding to Keystart low-deposit housing assistance by $115 million. Will the minister justify these cuts to the house? Mrs M.H. ROBERTS
The budget papers show that the minister is cutting funding for crisis accommodation by $1 million next year. In addition, at a time when the median housing prices have hit record highs, the minister is cutting funding to Keystart low-deposit housing assistance by $115 million. Will the minister justify these cuts to the house? Mrs M.H. ROBERTS
AnswerView source ↗
Bill Clinton is best known for the phrase “it’s the economy, stupid”, and it is about the economy. Keystart loans are a matter of supply and demand. Keystart offers a no-frills loan to people who have difficulty saving a deposit or who have a poor savings history with the banks. The fact is that there are vastly fewer applications for Keystart loans than there used to be. Mr T. Buswell : Fewer than when? Mrs M.H. ROBERTS : Perhaps the Deputy Leader of the Opposition does not understand that this is not a housing subsidy scheme. Keystart stands in place of a bank for people who cannot get a deposit together and who do not have a good savings history or the income levels that are required by the banks. Our economy is going gang busters. Some people have likened the strength of our economy to the gold rush days. Western Australia’s unemployment rate is 3.9 per cent. Mr T. Buswell interjected. The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mrs M.H. ROBERTS replied: Bill Clinton is best known for the phrase “it’s the economy, stupid”, and it is about the economy. Keystart loans are a matter of supply and demand. Keystart offers a no-frills loan to people who have difficulty saving a deposit or who have a poor savings history with the banks. The fact is that there are vastly fewer applications for Keystart loans than there used to be. Mr T. Buswell : Fewer than when? Mrs M.H. ROBERTS : Perhaps the Deputy Leader of the Opposition does not understand that this is not a housing subsidy scheme. Keystart stands in place of a bank for people who cannot get a deposit together and who do not have a good savings history or the income levels that are required by the banks. Our economy is going gang busters. Some people have likened the strength of our economy to the gold rush days. Western Australia’s unemployment rate is 3.9 per cent. Mr T. Buswell interjected. The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Bill Clinton is best known for the phrase “it’s the economy, stupid”, and it is about the economy. Keystart loans are a matter of supply and demand. Keystart offers a no-frills loan to people who have difficulty saving a deposit or who have a poor savings history with the banks. The fact is that there are vastly fewer applications for Keystart loans than there used to be. Mr T. Buswell : Fewer than when? Mrs M.H. ROBERTS : Perhaps the Deputy Leader of the Opposition does not understand that this is not a housing subsidy scheme. Keystart stands in place of a bank for people who cannot get a deposit together and who do not have a good savings history or the income levels that are required by the banks. Our economy is going gang busters. Some people have likened the strength of our economy to the gold rush days. Western Australia’s unemployment rate is 3.9 per cent. Mr T. Buswell interjected. The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mr T. Buswell : Fewer than when? Mrs M.H. ROBERTS : Perhaps the Deputy Leader of the Opposition does not understand that this is not a housing subsidy scheme. Keystart stands in place of a bank for people who cannot get a deposit together and who do not have a good savings history or the income levels that are required by the banks. Our economy is going gang busters. Some people have likened the strength of our economy to the gold rush days. Western Australia’s unemployment rate is 3.9 per cent. Mr T. Buswell interjected. The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mrs M.H. ROBERTS : Perhaps the Deputy Leader of the Opposition does not understand that this is not a housing subsidy scheme. Keystart stands in place of a bank for people who cannot get a deposit together and who do not have a good savings history or the income levels that are required by the banks. Our economy is going gang busters. Some people have likened the strength of our economy to the gold rush days. Western Australia’s unemployment rate is 3.9 per cent. Mr T. Buswell interjected. The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mr T. Buswell interjected. The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mrs M.H. ROBERTS replied: Bill Clinton is best known for the phrase “it’s the economy, stupid”, and it is about the economy. Keystart loans are a matter of supply and demand. Keystart offers a no-frills loan to people who have difficulty saving a deposit or who have a poor savings history with the banks. The fact is that there are vastly fewer applications for Keystart loans than there used to be. Mr T. Buswell : Fewer than when? Mrs M.H. ROBERTS : Perhaps the Deputy Leader of the Opposition does not understand that this is not a housing subsidy scheme. Keystart stands in place of a bank for people who cannot get a deposit together and who do not have a good savings history or the income levels that are required by the banks. Our economy is going gang busters. Some people have likened the strength of our economy to the gold rush days. Western Australia’s unemployment rate is 3.9 per cent. Mr T. Buswell interjected. The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Bill Clinton is best known for the phrase “it’s the economy, stupid”, and it is about the economy. Keystart loans are a matter of supply and demand. Keystart offers a no-frills loan to people who have difficulty saving a deposit or who have a poor savings history with the banks. The fact is that there are vastly fewer applications for Keystart loans than there used to be. Mr T. Buswell : Fewer than when? Mrs M.H. ROBERTS : Perhaps the Deputy Leader of the Opposition does not understand that this is not a housing subsidy scheme. Keystart stands in place of a bank for people who cannot get a deposit together and who do not have a good savings history or the income levels that are required by the banks. Our economy is going gang busters. Some people have likened the strength of our economy to the gold rush days. Western Australia’s unemployment rate is 3.9 per cent. Mr T. Buswell interjected. The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mr T. Buswell : Fewer than when? Mrs M.H. ROBERTS : Perhaps the Deputy Leader of the Opposition does not understand that this is not a housing subsidy scheme. Keystart stands in place of a bank for people who cannot get a deposit together and who do not have a good savings history or the income levels that are required by the banks. Our economy is going gang busters. Some people have likened the strength of our economy to the gold rush days. Western Australia’s unemployment rate is 3.9 per cent. Mr T. Buswell interjected. The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mrs M.H. ROBERTS : Perhaps the Deputy Leader of the Opposition does not understand that this is not a housing subsidy scheme. Keystart stands in place of a bank for people who cannot get a deposit together and who do not have a good savings history or the income levels that are required by the banks. Our economy is going gang busters. Some people have likened the strength of our economy to the gold rush days. Western Australia’s unemployment rate is 3.9 per cent. Mr T. Buswell interjected. The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mr T. Buswell interjected. The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
The SPEAKER : Order, members! Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mrs M.H. ROBERTS : Keystart is a - Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mr T. Buswell interjected. The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
The SPEAKER : I call the member for Vasse to order for the third time. Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mrs M.H. ROBERTS : The Keystart product is primarily designed for those in our community who are not so well off. Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mr P.D. Omodei interjected. The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
The SPEAKER : Order, Leader of the Opposition! Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Mrs M.H. ROBERTS : This is a great news story. One of the reasons less money is needed is the amount of loan discharges. I will give members a comparison. Mortgage discharges for Keystart in March 2005 were $30 million and in March 2006 they were $60 million. That is a great news story. People who had Keystart loans no longer need that facility and they are discharging those mortgages. Not all of those mortgages have been fully discharged, because Keystart’s customers are now in an economic position whereby they can take advantage of other banking products to take out loans for a car, a caravan, a boat or something else. Keystart does not lend money for those types of things. Keystart customers have taken the opportunity to discharge their mortgages. In addition, our government has made it easier for people to access Keystart loans. We have increased the maximum loan limit to $360 000, we have increased the total value of the property that can be loaned against to $400 000 and we have increased the income level that a household can earn to $170 000 a year. The government has made Keystart loans more accessible than ever before. However, because of the strength of the economy, there are quite simply vastly fewer people needing access to Keystart.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.