A WA parliamentary question on notice regarding the Goodstart Shared Equity Loan Scheme, seeking data on applications, approvals, property values, and participant departures. The response provides specific figures for various aspects of the scheme's operation.

AnsweredQoN 2655Legislative Assembly
Asked
29 August 2007
Portfolio
Housing and Works

QuestionView source ↗

(1) How many applications were received for participation in the Goodstart Shared Equity Loan Scheme?
(2) How many applicants were approved for participation in the Goodstart Shared Equity Loan Scheme?
(3) What was the average value of the properties approved as part of the Goodstart Shared Equity Loan Scheme?
(4) What was the value of the highest value property approved as part of the Goodstart Shared Equity Loan Scheme?
(5) What was the average value of the property shares purchased as part of the Goodstart Shared Equity Loan Scheme?
(6) What was the average percentage of the property share purchased as part of the Goodstart Shared Equity Loan Scheme?
(7) How many participants have left the Goodstart Shared Equity Loan Scheme?

AnswerView source ↗

Answered
16 October 2007
Responded by
Minister for Housing and Works
Response time
48 days
The Department of Housing and Works has advised:
(1)
(a) 26 (b) 20
(2)
(a) 18 (b) 12
(3)
(a) $328,556 (b) $341,875
(4)
(a) $400,000 (b) $440,000
(5) The following values indicate purchasers' equity only:
(a) $197,650 (b) $221,642
(6)
(a) 60% (b) 64%
(7) Clients left the scheme for various reasons including the property being sold, refinancing in the private sector, refinancing to a Keystart loan and buying out all the Department's equity:
(a) 18 (b) 30
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