❓ Hon Tjorn Sibma asks the Treasurer about further stamp duty relief for homebuyers given rising house prices and increased transfer duty revenue. The Treasurer's response highlights existing stamp duty relief and investments in housing supply and affordability.
AnsweredQoN 1223Legislative Council
QuestionView source ↗
Stamp duty—Homebuyers
1223. Hon Tjorn Sibma to
the parliamentary secretary representing the Treasurer:
I note that the
current median house price in greater Perth is above $900,000, according to reliable
market indices, and that revenue derived from total transfer duties is
exceeding forecasts.
(1) Will the state government commit to further stamp
duty relief to assist homebuyers?
(2) If no to (1), why not?
1223. Hon Tjorn Sibma to
the parliamentary secretary representing the Treasurer:
I note that the
current median house price in greater Perth is above $900,000, according to reliable
market indices, and that revenue derived from total transfer duties is
exceeding forecasts.
(1) Will the state government commit to further stamp
duty relief to assist homebuyers?
(2) If no to (1), why not?
AnswerView source ↗
I thank the
honourable member for some notice of the question and provide the following
answer on behalf of the Treasurer.
(1)–(2) The state government delivered
stamp duty relief as part of the 2025–26 state budget, increasing the
exemption and concessional thresholds. The budget contained $1.4 billion in
additional investments to boost housing supply and affordability, lifting our
total additional investment to $5.8 billion in recent years.
honourable member for some notice of the question and provide the following
answer on behalf of the Treasurer.
(1)–(2) The state government delivered
stamp duty relief as part of the 2025–26 state budget, increasing the
exemption and concessional thresholds. The budget contained $1.4 billion in
additional investments to boost housing supply and affordability, lifting our
total additional investment to $5.8 billion in recent years.
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