❓ Ms. Sanderson asks about additional initiatives to support the housing and building sectors following a stamp duty rebate announcement. The Minister responds positively, highlighting the government's collaborative approach and investments in housing and transport, while criticising the opposition's past performance.
AnsweredQoN 942Legislative Assembly
QuestionView source ↗
STATE ECONOMY — STAMP DUTY REBATE
942. Ms A. SANDERSON to the Minister for Housing:
I
refer to the announcement today on stamp duty rebates. Can the minister advise
the house what additional initiatives the state government is taking to
support the residential housing and building sectors, and is the minister aware
of any other policies?
942. Ms A. SANDERSON to the Minister for Housing:
I
refer to the announcement today on stamp duty rebates. Can the minister advise
the house what additional initiatives the state government is taking to
support the residential housing and building sectors, and is the minister aware
of any other policies?
AnswerView source ↗
I
thank the member for the question. What a great day for the property industry,
and what a great day for collaborative government—when a government
actually goes out and talks to the industry, and when a government actually
understands what it is going through at the enterprise level and at the peak
body of the collective level. People in that industry come to us, our doors are
open and we listen—no-one more so than the Treasurer of this state, who
was listening to the property industry and went beavering away for a long
period with his agency to produce what I think is one of the greatest single
strokes that will underscore the opportunities available to Western Australians
to get into home ownership. It also doubles down on the idea that this
government is very serious about thoughtful density in this state, with a $4.5 billion
urban rail investment led by the Minister for Transport. The 75 per cent stamp
duty rebate is a particularly good moment for me as the Minister for Housing.
As members know from me speaking many times in this place, the Department of
Communities' Housing Authority is a participant in the marketplace as
well. We work and partner with the private sector, and we are acutely aware of
the challenges around multilevel residential and off-the-plan sales that are so
important to underpinning the finance and financial structures of those
projects.
We are also very keen to see the
$394 million worth of Metronet housing and jobs package roll out. The Pier Street development in the member for Perth's
electorate will now have a much, much faster development pathway. This 27-storey
development, with 184 apartments, will provide a classic opportunity for
densification around the transport-oriented development of the Perth CBD. It
will contain 27 social accommodation units and 27 affordable accommodation
units.
I refer to the stamp duty rebate
that was announced today. Just for members' benefit, an apartment in
that particular development that sells for
$450 000 would previously have had a duty of $3 800. Today, it will have a duty
of $ 900. That is a tremendous outcome
for affordability. That is a tremendous outcome for those people in Western Australia who want to have the option of densified living in the CBD around the
transport-oriented developments that this government is really pushing hard on.
One
of the things that the member mentioned in the question was whether there are
alternative proposals. I think the only alternative proposals that we
have heard around the property sector are the other side carping on about a glass
half empty. This economy is finally getting off its knees after eight years of
the former government's profligate spending, after eight years of
indolence, after eight years of its ignorance and closed-door approach to
industry, and after eight years of over eight per cent expense growth. We have
now come to the final point at which we are slowly, but surely, doing the hard
work—as the Treasurer has done in this particular announcement—to
reorientate this economy to take advantage
of the opportunities of its natural endowment, both in the ground and in the
enterprise of the working people of Western Australia. We are looking
forward to the one moment when the Leader of the Opposition comes into this
place and actually apologises for those eight and a half years in which she
participated, and apologises for the sort of
off-the-cuff announcements that she is wont to make—uncosted, unfunded,
and no idea.
thank the member for the question. What a great day for the property industry,
and what a great day for collaborative government—when a government
actually goes out and talks to the industry, and when a government actually
understands what it is going through at the enterprise level and at the peak
body of the collective level. People in that industry come to us, our doors are
open and we listen—no-one more so than the Treasurer of this state, who
was listening to the property industry and went beavering away for a long
period with his agency to produce what I think is one of the greatest single
strokes that will underscore the opportunities available to Western Australians
to get into home ownership. It also doubles down on the idea that this
government is very serious about thoughtful density in this state, with a $4.5 billion
urban rail investment led by the Minister for Transport. The 75 per cent stamp
duty rebate is a particularly good moment for me as the Minister for Housing.
As members know from me speaking many times in this place, the Department of
Communities' Housing Authority is a participant in the marketplace as
well. We work and partner with the private sector, and we are acutely aware of
the challenges around multilevel residential and off-the-plan sales that are so
important to underpinning the finance and financial structures of those
projects.
We are also very keen to see the
$394 million worth of Metronet housing and jobs package roll out. The Pier Street development in the member for Perth's
electorate will now have a much, much faster development pathway. This 27-storey
development, with 184 apartments, will provide a classic opportunity for
densification around the transport-oriented development of the Perth CBD. It
will contain 27 social accommodation units and 27 affordable accommodation
units.
I refer to the stamp duty rebate
that was announced today. Just for members' benefit, an apartment in
that particular development that sells for
$450 000 would previously have had a duty of $3 800. Today, it will have a duty
of $ 900. That is a tremendous outcome
for affordability. That is a tremendous outcome for those people in Western Australia who want to have the option of densified living in the CBD around the
transport-oriented developments that this government is really pushing hard on.
One
of the things that the member mentioned in the question was whether there are
alternative proposals. I think the only alternative proposals that we
have heard around the property sector are the other side carping on about a glass
half empty. This economy is finally getting off its knees after eight years of
the former government's profligate spending, after eight years of
indolence, after eight years of its ignorance and closed-door approach to
industry, and after eight years of over eight per cent expense growth. We have
now come to the final point at which we are slowly, but surely, doing the hard
work—as the Treasurer has done in this particular announcement—to
reorientate this economy to take advantage
of the opportunities of its natural endowment, both in the ground and in the
enterprise of the working people of Western Australia. We are looking
forward to the one moment when the Leader of the Opposition comes into this
place and actually apologises for those eight and a half years in which she
participated, and apologises for the sort of
off-the-cuff announcements that she is wont to make—uncosted, unfunded,
and no idea.
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