❓ The Premier announces stamp duty cuts and land tax rebates, highlighting positive reception and economic benefits, while contrasting his government's financial management with the opposition's.
AnsweredQoN 681Legislative Assembly
QuestionView source ↗
Earlier today the Premier was in my electorate and had the opportunity to meet a young family, who are first home buyers. What response to the new tax measures did the Premier receive from that family and others like it? Dr G.I. GALLOP
AnswerView source ↗
From midnight tonight, stamp duty on conveyancing will be cut across the board by 10 per cent. First home buyers will receive further concessions, with 74 per cent not having to pay stamp duty at all, and 17 per cent receiving concessions. All people liable for land tax will receive a $150 rebate. Those are the measures I have announced today, and they have been received very positively by interest groups, and by first home buyers and those paying land tax in Western Australia. I will report to the Parliament some very interesting facts. I have already indicated that 74 per cent of first home buyers will no longer pay stamp duty, and 91 per cent will pay either nothing or a concessional rate. Fifteen per cent of all home buyers in Western Australia will no longer pay stamp duty. Under the present Government, more than 50 000 landholders have been relieved of the obligation to pay land tax. No stamp duty will be paid by first home buyers on a median-priced home in Western Australia. No other State has recorded that performance. The median home price in Western Australia is $250 000, which is now the exemption threshold. Everyone purchasing a first home valued up to that amount will pay no stamp duty whatsoever. Today we announced cuts worth $500 million. They are about sustaining our economic growth and creating new jobs for the future. Earlier this year a lot of press commentary centred on the slowing down of the housing sector. We said that we needed to do something about it. We cut stamp duty by five per cent and we gave relief to first homebuyers. Our housing market is now performing very strongly. We have today announced measures that will help continue that strong performance. Several members interjected. The SPEAKER: Order! I call the Leader of the National Party and the Leader of the Opposition to order for the first time. Dr G.I. GALLOP: We preserved the AAA credit rating, which was under threat when we came to government. We have restored the State’s strong economic growth. The State had negative growth when we came to power. Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
Dr G.I. GALLOP replied: From midnight tonight, stamp duty on conveyancing will be cut across the board by 10 per cent. First home buyers will receive further concessions, with 74 per cent not having to pay stamp duty at all, and 17 per cent receiving concessions. All people liable for land tax will receive a $150 rebate. Those are the measures I have announced today, and they have been received very positively by interest groups, and by first home buyers and those paying land tax in Western Australia. I will report to the Parliament some very interesting facts. I have already indicated that 74 per cent of first home buyers will no longer pay stamp duty, and 91 per cent will pay either nothing or a concessional rate. Fifteen per cent of all home buyers in Western Australia will no longer pay stamp duty. Under the present Government, more than 50 000 landholders have been relieved of the obligation to pay land tax. No stamp duty will be paid by first home buyers on a median-priced home in Western Australia. No other State has recorded that performance. The median home price in Western Australia is $250 000, which is now the exemption threshold. Everyone purchasing a first home valued up to that amount will pay no stamp duty whatsoever. Today we announced cuts worth $500 million. They are about sustaining our economic growth and creating new jobs for the future. Earlier this year a lot of press commentary centred on the slowing down of the housing sector. We said that we needed to do something about it. We cut stamp duty by five per cent and we gave relief to first homebuyers. Our housing market is now performing very strongly. We have today announced measures that will help continue that strong performance. Several members interjected. The SPEAKER: Order! I call the Leader of the National Party and the Leader of the Opposition to order for the first time. Dr G.I. GALLOP: We preserved the AAA credit rating, which was under threat when we came to government. We have restored the State’s strong economic growth. The State had negative growth when we came to power. Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
From midnight tonight, stamp duty on conveyancing will be cut across the board by 10 per cent. First home buyers will receive further concessions, with 74 per cent not having to pay stamp duty at all, and 17 per cent receiving concessions. All people liable for land tax will receive a $150 rebate. Those are the measures I have announced today, and they have been received very positively by interest groups, and by first home buyers and those paying land tax in Western Australia. I will report to the Parliament some very interesting facts. I have already indicated that 74 per cent of first home buyers will no longer pay stamp duty, and 91 per cent will pay either nothing or a concessional rate. Fifteen per cent of all home buyers in Western Australia will no longer pay stamp duty. Under the present Government, more than 50 000 landholders have been relieved of the obligation to pay land tax. No stamp duty will be paid by first home buyers on a median-priced home in Western Australia. No other State has recorded that performance. The median home price in Western Australia is $250 000, which is now the exemption threshold. Everyone purchasing a first home valued up to that amount will pay no stamp duty whatsoever. Today we announced cuts worth $500 million. They are about sustaining our economic growth and creating new jobs for the future. Earlier this year a lot of press commentary centred on the slowing down of the housing sector. We said that we needed to do something about it. We cut stamp duty by five per cent and we gave relief to first homebuyers. Our housing market is now performing very strongly. We have today announced measures that will help continue that strong performance. Several members interjected. The SPEAKER: Order! I call the Leader of the National Party and the Leader of the Opposition to order for the first time. Dr G.I. GALLOP: We preserved the AAA credit rating, which was under threat when we came to government. We have restored the State’s strong economic growth. The State had negative growth when we came to power. Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
Several members interjected. The SPEAKER: Order! I call the Leader of the National Party and the Leader of the Opposition to order for the first time. Dr G.I. GALLOP: We preserved the AAA credit rating, which was under threat when we came to government. We have restored the State’s strong economic growth. The State had negative growth when we came to power. Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
The SPEAKER: Order! I call the Leader of the National Party and the Leader of the Opposition to order for the first time. Dr G.I. GALLOP: We preserved the AAA credit rating, which was under threat when we came to government. We have restored the State’s strong economic growth. The State had negative growth when we came to power. Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
Dr G.I. GALLOP: We preserved the AAA credit rating, which was under threat when we came to government. We have restored the State’s strong economic growth. The State had negative growth when we came to power. Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
Dr G.I. GALLOP replied: From midnight tonight, stamp duty on conveyancing will be cut across the board by 10 per cent. First home buyers will receive further concessions, with 74 per cent not having to pay stamp duty at all, and 17 per cent receiving concessions. All people liable for land tax will receive a $150 rebate. Those are the measures I have announced today, and they have been received very positively by interest groups, and by first home buyers and those paying land tax in Western Australia. I will report to the Parliament some very interesting facts. I have already indicated that 74 per cent of first home buyers will no longer pay stamp duty, and 91 per cent will pay either nothing or a concessional rate. Fifteen per cent of all home buyers in Western Australia will no longer pay stamp duty. Under the present Government, more than 50 000 landholders have been relieved of the obligation to pay land tax. No stamp duty will be paid by first home buyers on a median-priced home in Western Australia. No other State has recorded that performance. The median home price in Western Australia is $250 000, which is now the exemption threshold. Everyone purchasing a first home valued up to that amount will pay no stamp duty whatsoever. Today we announced cuts worth $500 million. They are about sustaining our economic growth and creating new jobs for the future. Earlier this year a lot of press commentary centred on the slowing down of the housing sector. We said that we needed to do something about it. We cut stamp duty by five per cent and we gave relief to first homebuyers. Our housing market is now performing very strongly. We have today announced measures that will help continue that strong performance. Several members interjected. The SPEAKER: Order! I call the Leader of the National Party and the Leader of the Opposition to order for the first time. Dr G.I. GALLOP: We preserved the AAA credit rating, which was under threat when we came to government. We have restored the State’s strong economic growth. The State had negative growth when we came to power. Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
From midnight tonight, stamp duty on conveyancing will be cut across the board by 10 per cent. First home buyers will receive further concessions, with 74 per cent not having to pay stamp duty at all, and 17 per cent receiving concessions. All people liable for land tax will receive a $150 rebate. Those are the measures I have announced today, and they have been received very positively by interest groups, and by first home buyers and those paying land tax in Western Australia. I will report to the Parliament some very interesting facts. I have already indicated that 74 per cent of first home buyers will no longer pay stamp duty, and 91 per cent will pay either nothing or a concessional rate. Fifteen per cent of all home buyers in Western Australia will no longer pay stamp duty. Under the present Government, more than 50 000 landholders have been relieved of the obligation to pay land tax. No stamp duty will be paid by first home buyers on a median-priced home in Western Australia. No other State has recorded that performance. The median home price in Western Australia is $250 000, which is now the exemption threshold. Everyone purchasing a first home valued up to that amount will pay no stamp duty whatsoever. Today we announced cuts worth $500 million. They are about sustaining our economic growth and creating new jobs for the future. Earlier this year a lot of press commentary centred on the slowing down of the housing sector. We said that we needed to do something about it. We cut stamp duty by five per cent and we gave relief to first homebuyers. Our housing market is now performing very strongly. We have today announced measures that will help continue that strong performance. Several members interjected. The SPEAKER: Order! I call the Leader of the National Party and the Leader of the Opposition to order for the first time. Dr G.I. GALLOP: We preserved the AAA credit rating, which was under threat when we came to government. We have restored the State’s strong economic growth. The State had negative growth when we came to power. Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
Several members interjected. The SPEAKER: Order! I call the Leader of the National Party and the Leader of the Opposition to order for the first time. Dr G.I. GALLOP: We preserved the AAA credit rating, which was under threat when we came to government. We have restored the State’s strong economic growth. The State had negative growth when we came to power. Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
The SPEAKER: Order! I call the Leader of the National Party and the Leader of the Opposition to order for the first time. Dr G.I. GALLOP: We preserved the AAA credit rating, which was under threat when we came to government. We have restored the State’s strong economic growth. The State had negative growth when we came to power. Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
Dr G.I. GALLOP: We preserved the AAA credit rating, which was under threat when we came to government. We have restored the State’s strong economic growth. The State had negative growth when we came to power. Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
Several members interjected. The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
The SPEAKER: Order, Leader of the National Party! Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
Dr G.I. GALLOP: We have reversed the situation of the previous Government’s five deficits out of eight budgets. We properly plan our budgets so they reflect reality rather than the situation under the previous Government when it concealed the reality of eight to 10 per cent health costs in its forward estimates. Our financial management has got the State where it is today and allowed me as Premier, and the Government, to announce $1 billion worth of tax cuts. They will make sure that the economy continues to drive forward and that we continue to have employment creation. There is a real choice before the people; that is, the Opposition’s deficits, privatisations and a lack of concern for budgeting or our proper financial management, looking after households, surplus budgets, no privatisation and economic growth. The choice is clear. It is no wonder that the Leader of the Opposition is so unhappy today. The State is in a very good position. I can be very proud of the performance of my Government in ensuring that we have this foundation for future economic growth and prosperity.
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