Mr. Buswell questions the Treasurer's decision to introduce a stamp duty concession for first home buyers in 2004, given advice suggesting it would inflate prices. The Treasurer justifies the decision by citing a lower number of first home buyers at the time.

AnsweredQoN 466Legislative Assembly
Asked
16 August 2006
Portfolio
Treasurer

QuestionView source ↗

FIRST HOME BUYERS - STAMP DUTY CONCESSION
I have a supplementary question. I refer to the information provided by the ANZ chief economist to which the Treasurer referred that indicated prices would go up if a stamp duty concession were provided. The SPEAKER : The Deputy Leader of the Opposition should ask the question. Mr T. BUSWELL : Why did the Treasurer not take that advice in 2004 when he originally introduced this concession just before the last election? Mr E.S. RIPPER

AnswerView source ↗

It is because in 2004 there were 2 000 fewer first home buyers in the market than there were in the past six-month period.
The SPEAKER : The Deputy Leader of the Opposition should ask the question. Mr T. BUSWELL : Why did the Treasurer not take that advice in 2004 when he originally introduced this concession just before the last election? Mr E.S. RIPPER replied: It is because in 2004 there were 2 000 fewer first home buyers in the market than there were in the past six-month period.
Mr T. BUSWELL : Why did the Treasurer not take that advice in 2004 when he originally introduced this concession just before the last election? Mr E.S. RIPPER replied: It is because in 2004 there were 2 000 fewer first home buyers in the market than there were in the past six-month period.
Mr E.S. RIPPER replied: It is because in 2004 there were 2 000 fewer first home buyers in the market than there were in the past six-month period.
It is because in 2004 there were 2 000 fewer first home buyers in the market than there were in the past six-month period.

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