Home›Questions on Notice›QoN 1478

❓ Mr. Buswell's question seeks data on property sales under various schemes from 2002-2006. The answer provides detailed figures on applications, approvals, property values, and grants related to the Rental Sales Scheme, while noting the end of the Right to Buy Scheme.

AnsweredQoN 1478Legislative Assembly

Asked

12 September 2006

Member

Mr T.R. Buswell

Portfolio

Housing and Works

QuestionView source ↗

(b) 2002-2003; (c) 2003-2004; (d) 2004-2005; and (e) 2005-2006
(c) 2003-2004; (d) 2004-2005; and (e) 2005-2006
(d) 2004-2005; and (e) 2005-2006
(e) 2005-2006

AnswerView source ↗

Answered

18 October 2006

Responded by

Minister for Housing and Works

Response time

36 days

2001/02 208 Properties were sold 2002/03 93 Properties were sold The Right to Buy Scheme ceased on 1 July 2001, with the current Rental Sales Scheme taking its place. Sales accounted for in the above figures include sales under the Right to Buy, Goodstart and Rental Sales Schemes. These figures are not available separately. 2003/04 Applications received for participation in the Rental Sales Scheme 207 Applications approved for participation in the Rental Sales Scheme 171 Total value of properties sold through the rental Sales Scheme $9,530,750 Average market value of properties approved for sale $136,153 Market value of the highest value property approved for sale $435,000 Market value of the lowest value property approved for sale $20,000 Average purchase price of properties approved for sale $114,243 The purchase price of the highest value property approved for sale $428,625 The purchase price of the lowest value property approved for sale $20,000 Average stamp duty paid on properties before grants Information not available Total value of stamp duty collected on the properties Information not available Total value of grants provided to defray stamp duty, valuation and settlement fees in relation to properties purchased $175,127 2004/05 Applications received for participation in the Rental Sales Scheme 249 Applications approved for participation in the Rental Sales Scheme 184 Total value of properties sold through the rental Sales Scheme $10,934,750 Average market value of properties approved for sale $151,871 Market value of the highest value property approved for sale $375,000 Market value of the lowest value property approved for sale $20,000 Average purchase price of properties approved for sale $143,622 The purchase price of the highest value property approved for sale $373,950 The purchase price of the lowest value property approved for sale $20,000 Average stamp duty paid on properties before grants Information not available Total value of stamp duty collected on the properties Information not available Total value of grants provided to defray stamp duty, valuation and settlement fees in relation to properties purchased $237,020 2005/06 Applications received for participation in the Rental Sales Scheme 301 Applications approved for participation in the Rental Sales Scheme 192 Total value of properties sold through the Rental Sales Scheme $15,819,250 Average market value of properties approved for sale $181,830 Market value of the highest value property approved for sale $485,000 Market value of the lowest value property approved for sale $40,000 Average purchase price of properties approved for sale $217,446 The purchase price of the highest value property approved for sale $483,000 The purchase price of the lowest value property approved for sale $36,000 Average stamp duty paid on properties before grants Information not available Total value of stamp duty collected on the properties Information not available Total value of grants provided to defray stamp duty, valuation and settlement fees in relation to properties purchased $213,000

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