❓ Mr. Buswell questions the Treasurer on first home buyer assistance, given rising house prices in Port Hedland. The Treasurer deflects, arguing that increased assistance would inflate prices further, citing expert economic advice.
AnsweredQoN 625Legislative Assembly
QuestionView source ↗
FIRST HOME BUYERS
I refer to comments in the North West Telegraph in a column headed “Tom’s Talkback”, where the member for Central Kimberley-Pilbara writes that “local people are encouraged to try and take up home ownership with government assistance programs on offer for first home buyers”. Given that the median house price in Port Hedland is now $328 000 and given that the $2 000 first home buyer assistance fund cuts out for homes above $200 000 and that the full concession on stamp duty for first home buyers ends at just $250 000, I ask - (1) When will the Treasurer do something to help first home buyers in Port Hedland? (2) When will the Treasurer do something to help first home buyers in Western Australia generally? (3) When will the Treasurer do something to help save the member for Central Kimberley-Pilbara from further embarrassment from this hollow, misguided statement? Mr E.S. RIPPER
I refer to comments in the North West Telegraph in a column headed “Tom’s Talkback”, where the member for Central Kimberley-Pilbara writes that “local people are encouraged to try and take up home ownership with government assistance programs on offer for first home buyers”. Given that the median house price in Port Hedland is now $328 000 and given that the $2 000 first home buyer assistance fund cuts out for homes above $200 000 and that the full concession on stamp duty for first home buyers ends at just $250 000, I ask - (1) When will the Treasurer do something to help first home buyers in Port Hedland? (2) When will the Treasurer do something to help first home buyers in Western Australia generally? (3) When will the Treasurer do something to help save the member for Central Kimberley-Pilbara from further embarrassment from this hollow, misguided statement? Mr E.S. RIPPER
AnswerView source ↗
(1)-(3) The less man asks us to do more. What a change of tack! I want to know why the Deputy Leader of the Opposition wants house prices to rise. Why does the Deputy Leader of the Opposition want to gang up with his mates in the real estate industry to put house prices up? Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
(1) When will the Treasurer do something to help first home buyers in Port Hedland? (2) When will the Treasurer do something to help first home buyers in Western Australia generally? (3) When will the Treasurer do something to help save the member for Central Kimberley-Pilbara from further embarrassment from this hollow, misguided statement? Mr E.S. RIPPER replied: (1)-(3) The less man asks us to do more. What a change of tack! I want to know why the Deputy Leader of the Opposition wants house prices to rise. Why does the Deputy Leader of the Opposition want to gang up with his mates in the real estate industry to put house prices up? Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
(2) When will the Treasurer do something to help first home buyers in Western Australia generally? (3) When will the Treasurer do something to help save the member for Central Kimberley-Pilbara from further embarrassment from this hollow, misguided statement? Mr E.S. RIPPER replied: (1)-(3) The less man asks us to do more. What a change of tack! I want to know why the Deputy Leader of the Opposition wants house prices to rise. Why does the Deputy Leader of the Opposition want to gang up with his mates in the real estate industry to put house prices up? Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
(3) When will the Treasurer do something to help save the member for Central Kimberley-Pilbara from further embarrassment from this hollow, misguided statement? Mr E.S. RIPPER replied: (1)-(3) The less man asks us to do more. What a change of tack! I want to know why the Deputy Leader of the Opposition wants house prices to rise. Why does the Deputy Leader of the Opposition want to gang up with his mates in the real estate industry to put house prices up? Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER replied: (1)-(3) The less man asks us to do more. What a change of tack! I want to know why the Deputy Leader of the Opposition wants house prices to rise. Why does the Deputy Leader of the Opposition want to gang up with his mates in the real estate industry to put house prices up? Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
(1)-(3) The less man asks us to do more. What a change of tack! I want to know why the Deputy Leader of the Opposition wants house prices to rise. Why does the Deputy Leader of the Opposition want to gang up with his mates in the real estate industry to put house prices up? Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
(1) When will the Treasurer do something to help first home buyers in Port Hedland? (2) When will the Treasurer do something to help first home buyers in Western Australia generally? (3) When will the Treasurer do something to help save the member for Central Kimberley-Pilbara from further embarrassment from this hollow, misguided statement? Mr E.S. RIPPER replied: (1)-(3) The less man asks us to do more. What a change of tack! I want to know why the Deputy Leader of the Opposition wants house prices to rise. Why does the Deputy Leader of the Opposition want to gang up with his mates in the real estate industry to put house prices up? Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
(2) When will the Treasurer do something to help first home buyers in Western Australia generally? (3) When will the Treasurer do something to help save the member for Central Kimberley-Pilbara from further embarrassment from this hollow, misguided statement? Mr E.S. RIPPER replied: (1)-(3) The less man asks us to do more. What a change of tack! I want to know why the Deputy Leader of the Opposition wants house prices to rise. Why does the Deputy Leader of the Opposition want to gang up with his mates in the real estate industry to put house prices up? Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
(3) When will the Treasurer do something to help save the member for Central Kimberley-Pilbara from further embarrassment from this hollow, misguided statement? Mr E.S. RIPPER replied: (1)-(3) The less man asks us to do more. What a change of tack! I want to know why the Deputy Leader of the Opposition wants house prices to rise. Why does the Deputy Leader of the Opposition want to gang up with his mates in the real estate industry to put house prices up? Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER replied: (1)-(3) The less man asks us to do more. What a change of tack! I want to know why the Deputy Leader of the Opposition wants house prices to rise. Why does the Deputy Leader of the Opposition want to gang up with his mates in the real estate industry to put house prices up? Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
(1)-(3) The less man asks us to do more. What a change of tack! I want to know why the Deputy Leader of the Opposition wants house prices to rise. Why does the Deputy Leader of the Opposition want to gang up with his mates in the real estate industry to put house prices up? Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr T. Buswell : That is an improper and fallacious statement, and you know it. Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : Improper and fallacious? I do not think so. We know that in the current housing market, regrettably, any addition to demand will put prices up. Members opposite have tended to scoff at that. Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr T. Buswell : Who told you that? Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : Who told me that? I have the answer to that question. My staff have spoken to Mr Saul Eslake, who is the chief economist of the ANZ Bank. This is the advice that Mr Saul Eslake has given us, and I quote - Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Several members interjected. The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
The SPEAKER : Order! Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : It is hard to respond to an interjection when I am trying to quote. Let me quote. Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Several members interjected. Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : Do members opposite not want to hear what Mr Saul Eslake said? Perhaps the Deputy Leader of the Opposition should listen to his advice? He said - Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Several members interjected. Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : Are they ready to listen? Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Several members interjected. The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
The SPEAKER : Order! What the Treasurer says is dead right. If he wishes to read a quote, he should be allowed to do it. Why the Deputy Leader of the Opposition keeps interjecting and trying to stop him is beyond me. If he does not want the answer, he should not ask the question. Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
Mr E.S. RIPPER : Mr Saul Eslake said that it was his view, particularly in the kind of housing market we now have in Perth, any cut in stamp duty or any other form of direct cash assistance to homebuyers will simply be reflected in higher prices for property. At a later stage in his comments he said that, although it might be popular to think that people are doing something to improve affordability, and most people think that stamp duty concessions will improve affordability, in practice, reductions in stamp duty will simply make homes even less affordable by driving house prices further higher. I am not opposed to tax cuts; I support further tax cuts if we have the capacity to deliver them. It is very important to think about the timing. The state has a booming housing market. Demand is running ahead of supply. The answer to the affordability question is to address the supply issue, which is exactly what my colleagues are doing. If we simply add to the booming demand in the state right now, without addressing the supply question, all we will do is drive up prices and worsen the position for first home buyers. The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
The SPEAKER : That finishes question time, thank goodness. That is probably the worst performance during question time that I have experienced. The interjection level was a disgrace. It will have to be reduced greatly if in future question times we are to get through 10 or 11 questions.
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