Hon Peter Collier asks the Treasurer for a breakdown of the $29 million stamp duty rebate, specifically regarding first home buyers, foreign buyers, and others. The Treasurer's response indicates that the exact proportions will be determined as the rebate is utilized.

AnsweredQoN 1258Legislative Council
Asked
29 October 2019
Portfolio
minister representing the Treasurer

QuestionView source ↗

STATE ECONOMY —
STAMP DUTY REBATE
1258. Hon PETER COLLIER to
the minister representing the Treasurer:
I
refer to the media release titled ''New stimulus measures to promote
infill and job growth'' and the cost of $29 million.
(1) Will the
Treasurer provide a breakdown of the cost, together with the estimated number
of transactions, that will receive a subsidy for each of the following
categories —
(a) first home
buyers;
(b) foreign
buyers who are eligible to pay the foreign buyers surcharge; and
(c) others?
(2) If not, why
not?

AnswerView source ↗

I thank the Leader of the Opposition
for some notice of the question. The following answer has been provided by the
Treasurer.
(1)–(2) The proportion of first home buyers and foreign
buyers will be confirmed over time as the rebate is taken up. However, foreign
buyers make up only a small proportion of the total housing market in Western Australia ,
estimated at less than two per cent.

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