❓ A parliamentary question regarding the sale of residential lots at Landcorp's Ocean Rise development, including sale details, transfer of proceeds to the City of Stirling, and breakdown of costs. The answer provides the requested information.
AnsweredQoN 5451Legislative Assembly
QuestionView source ↗
I refer to the final eight residential land sales at Landcorp's Ocean Rise development in Karrinyup and ask: (a) for each of these lots, when were they sold and what was the sale amount; (b) have the proceeds been transferred to an interest bearing trust account for the City of Stirling, and if not why not; (c) what is the breakdown of holding costs, selling expenses and other on-costs that have been applied to the sale of these lots; and (d) what percentage of the total proceeds has been, or will be deducted as holding costs, selling expenses and other on-costs?
AnswerView source ↗
Answered
15 June 2016
Responded by
Minister for Lands
Response time
35 days
(a) Please refer to table below
Lot
Settlement Date
Sale Price ($’000)
801
19 June 2015
585
802
13 March 2015
620
803
4 March 2015
610
816
23 January 2015
725
817
30 January 2015
715
818
23 February 2015
630
861
15 May 2015
650
862
26 February 2015
671
(b) Yes
(c) Please refer to table below
GST
$353,111.82
Settlement Adjustments
$1,878.91
Land (acquisition) costs
$45,896.71
Commission
$71,331.82
Holding costs
$1,228,086.27
Marketing costs
$19,309.25
Other costs (i.e. consultancies)
$11,605.00
(d) 28 per cent of the total proceeds were deducted to cover costs
Lot
Settlement Date
Sale Price ($’000)
801
19 June 2015
585
802
13 March 2015
620
803
4 March 2015
610
816
23 January 2015
725
817
30 January 2015
715
818
23 February 2015
630
861
15 May 2015
650
862
26 February 2015
671
(b) Yes
(c) Please refer to table below
GST
$353,111.82
Settlement Adjustments
$1,878.91
Land (acquisition) costs
$45,896.71
Commission
$71,331.82
Holding costs
$1,228,086.27
Marketing costs
$19,309.25
Other costs (i.e. consultancies)
$11,605.00
(d) 28 per cent of the total proceeds were deducted to cover costs
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