❓ Dr. Nahan questions the Housing Minister on the potential negative impacts of federal Labor's property tax policies on WA's housing sector. The Minister rejects the premise, highlighting the government's commitment to affordable housing and Keystart.
AnsweredQoN 170Legislative Assembly
QuestionView source ↗
PROPERTY TAX —
FEDERAL LABOR POLICY
170. Dr M.D. NAHAN to the Minister for Housing:
I refer to the Master Builder
Association's modelling on Bill Shorten's negative gearing and
capital gains tax policies, and I quote —
The results of the modelling show
that within five years of Labor's property tax policy being implemented
the construction of new housing would fall in all states and territories and
employment would fall over the same period.
Why does the minister continue to
support Bill Shorten's policies when evidence shows that they will
destroy jobs and hurt the Western Australian housing sector, which is already
in decline?
FEDERAL LABOR POLICY
170. Dr M.D. NAHAN to the Minister for Housing:
I refer to the Master Builder
Association's modelling on Bill Shorten's negative gearing and
capital gains tax policies, and I quote —
The results of the modelling show
that within five years of Labor's property tax policy being implemented
the construction of new housing would fall in all states and territories and
employment would fall over the same period.
Why does the minister continue to
support Bill Shorten's policies when evidence shows that they will
destroy jobs and hurt the Western Australian housing sector, which is already
in decline?
AnswerView source ↗
Thanks
for the question. I reject the premise of the question. The Master Builders
Association's modelling is not our modelling. I am not privy to the modelling
done by Chris Bowen and the Shorten team, but I am really clear about where
this government sits on the affordable housing spectrum and how important it is
for young Western Australians, and all Western Australians, to get access to
what is a very difficult market. We all know that retail credit has tightened
as a result of the royal commission into the banking sector. We know, and we
have been told anecdotally by the banks, that anybody applying for a loan north
of Joondalup or south of Rockingham will find it very difficult,
particularly with the growth of negative equity in the housing market here in Western
Australia.
Mr D.C. Nalder : Do you
support his policy?
Mr P.C. TINLEY : I do—my
fur coat, I do.
The SPEAKER : Member for
Bateman, you will have the chance to ask a question.
Mr
P.C. TINLEY : The only person in
this country who actually takes housing affordability seriously is Bill Shorten .
Bill Shorten actually cares about whether —
Several members interjected.
The SPEAKER : Minister.
Mrs L.M. Harvey : This is
gold. Keep going!
Mr P.C. TINLEY : Thank you!
The SPEAKER : Member for
Scarborough, this is bold: I call you to order for the first time.
Mr D.C. Nalder interjected.
The SPEAKER : Member for
Bateman, I call you to order for the first time.
Dr A.D. Buti interjected.
The SPEAKER : Member for
Armadale, your own member is on his feet. I call you to order for the first
time. Members, let us just calm down a bit. We are getting very excited about
the first question.
Mr P.C. TINLEY : I am really
excited that everybody is so excited about housing!
Housing is a fundamental issue and
it is a fundamental issue to each and every one of us in this chamber. I have
no doubt that members have been through it, are in the middle of paying off a mortgage
or have aspirations for their kids. We can no longer sustain the growth of
multiple salaries to afford a house in this state and country and in developed
nations that we have seen globally. A former federal Liberal Treasurer from the
opposition's own side of politics, Scott Morrison, who is now the Prime
Minister, put housing affordability at the centre of his first budget speech,
so it is on the national agenda. The opposition can choose to come in here and
confect the modelling and create an argument to support some sort of negative
approach to what young Western Australians aspire to or it can get on board and
make a contribution to the debate about what we need to do to ensure that all Western
Australians have access to public housing.
A great Labor initiative commenced
in this state in 1989; it is called Keystart. The Premier knows about it; he
talked about it in a response yesterday. Keystart has not cost $1 of public
money—not one $1—and it has no net debt impact on the state. It
has put over 100 000 Western Australians into housing and has created the
circumstances in which they can prosper and take proper advantage of the
opportunities here in Western Australia.
Several members interjected.
The SPEAKER : Members on my
right!
Mr P.C. TINLEY : It takes
nearly 11 years, on average, for a couple to save a deposit for a house. With a
two per cent deposit and the McGowan Labor government's Keystart
initiatives, it takes two and a half years to get a Keystart loan. What do
members opposite not like about that? In fact, we like it so much that since
coming to government, we have put over $900 million on Keystart's loan
book to ensure that we keep the throughput.
I might add—I will finish on
this point—that in October last year, 80 per cent of all first home
owner grant recipients in this state were funded by Keystart. The state
government actually cares about who gets into housing, how they get there and
the pathways by which they can stay there. We are actively promoting the idea
that there is a housing option for everyone. The Minister for Transport is
leading that through Metronet and Metronet precincts. It is pretty obvious
because we put $394 million into that project just for housing. The Leader of
the Opposition should not come in here and confect a federal Labor policy
arrangement with our approach to housing opportunities for Western Australians.
for the question. I reject the premise of the question. The Master Builders
Association's modelling is not our modelling. I am not privy to the modelling
done by Chris Bowen and the Shorten team, but I am really clear about where
this government sits on the affordable housing spectrum and how important it is
for young Western Australians, and all Western Australians, to get access to
what is a very difficult market. We all know that retail credit has tightened
as a result of the royal commission into the banking sector. We know, and we
have been told anecdotally by the banks, that anybody applying for a loan north
of Joondalup or south of Rockingham will find it very difficult,
particularly with the growth of negative equity in the housing market here in Western
Australia.
Mr D.C. Nalder : Do you
support his policy?
Mr P.C. TINLEY : I do—my
fur coat, I do.
The SPEAKER : Member for
Bateman, you will have the chance to ask a question.
Mr
P.C. TINLEY : The only person in
this country who actually takes housing affordability seriously is Bill Shorten .
Bill Shorten actually cares about whether —
Several members interjected.
The SPEAKER : Minister.
Mrs L.M. Harvey : This is
gold. Keep going!
Mr P.C. TINLEY : Thank you!
The SPEAKER : Member for
Scarborough, this is bold: I call you to order for the first time.
Mr D.C. Nalder interjected.
The SPEAKER : Member for
Bateman, I call you to order for the first time.
Dr A.D. Buti interjected.
The SPEAKER : Member for
Armadale, your own member is on his feet. I call you to order for the first
time. Members, let us just calm down a bit. We are getting very excited about
the first question.
Mr P.C. TINLEY : I am really
excited that everybody is so excited about housing!
Housing is a fundamental issue and
it is a fundamental issue to each and every one of us in this chamber. I have
no doubt that members have been through it, are in the middle of paying off a mortgage
or have aspirations for their kids. We can no longer sustain the growth of
multiple salaries to afford a house in this state and country and in developed
nations that we have seen globally. A former federal Liberal Treasurer from the
opposition's own side of politics, Scott Morrison, who is now the Prime
Minister, put housing affordability at the centre of his first budget speech,
so it is on the national agenda. The opposition can choose to come in here and
confect the modelling and create an argument to support some sort of negative
approach to what young Western Australians aspire to or it can get on board and
make a contribution to the debate about what we need to do to ensure that all Western
Australians have access to public housing.
A great Labor initiative commenced
in this state in 1989; it is called Keystart. The Premier knows about it; he
talked about it in a response yesterday. Keystart has not cost $1 of public
money—not one $1—and it has no net debt impact on the state. It
has put over 100 000 Western Australians into housing and has created the
circumstances in which they can prosper and take proper advantage of the
opportunities here in Western Australia.
Several members interjected.
The SPEAKER : Members on my
right!
Mr P.C. TINLEY : It takes
nearly 11 years, on average, for a couple to save a deposit for a house. With a
two per cent deposit and the McGowan Labor government's Keystart
initiatives, it takes two and a half years to get a Keystart loan. What do
members opposite not like about that? In fact, we like it so much that since
coming to government, we have put over $900 million on Keystart's loan
book to ensure that we keep the throughput.
I might add—I will finish on
this point—that in October last year, 80 per cent of all first home
owner grant recipients in this state were funded by Keystart. The state
government actually cares about who gets into housing, how they get there and
the pathways by which they can stay there. We are actively promoting the idea
that there is a housing option for everyone. The Minister for Transport is
leading that through Metronet and Metronet precincts. It is pretty obvious
because we put $394 million into that project just for housing. The Leader of
the Opposition should not come in here and confect a federal Labor policy
arrangement with our approach to housing opportunities for Western Australians.
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