Dr. Steve Thomas asks about contracted prices and sales forecasts for residential, light industrial, commercial, tourism, and general industrial lots under the WA Recovery Plan's Regional Land Booster package. The Minister provides the requested financial figures and forecast details.

AnsweredQoN 1190Legislative Council
Asked
15 December 2021
Portfolio
Lands

QuestionView source ↗

CORONAVIRUS — WA
RECOVERY PLAN — REGIONAL LAND BOOSTER PACKAGE
1190. Hon Dr STEVE THOMAS to the minister representing the
Minister for Lands:
I refer to my question without
notice 982 asked on 16 November 2021.
(1) As at 5
November 2021, what was the total sum of the contracted price for the 244
residential lots deemed to be under contract?
(2) As at 5 November 2021, what was the total sum of
the contracted price for the 55 light industrial, commercial or tourism
lots deemed to be under contract?
(3) As at 5
November 2021, what was the total sum of the contracted price for the 76
general industrial lots deemed to be under contract?
(4) What was the original forecast of sales for each
of the categories of lots offered for sale under the affordable lands
package in regional WA, who determined the forecasts and what certifiable real
estate valuation matrix was used?

AnswerView source ↗

I thank the member for the
question. The Minister for Lands has provided the following information.
(1) The total was $42.8 million.
(2) The total was $12.6 million.
(3) The total was $38 million.
(4) The pre–Regional Land Booster forecasts
for 2020–21 for residential, light industrial area, commercial and tourism were 48 lots. For the Industrial
Lands Authority, 15 lots were forecast. DevelopmentWA determines its
forecast. Valuations were a combination of Landgate and commercial valuers.

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