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Parliamentary Questions


Question Without Notice No. 1280 asked in the Legislative Council on 30 October 2019 by Hon Peter Collier

Parliament: 40 Session: 1

STATE ECONOMY — STAMP DUTY REBATE

1280. Hon PETER COLLIER to the minister representing the Treasurer:

I refer to question without notice 1258 asked on 29 October 2019.

(1) Did Treasury undertake any modelling on the impact of the stimulus to the housing industry?

(2) If yes to (1), what is the number of properties that are expected to attract a rebate?

(3) Did the modelling indicate the number of additional new apartments that would be built as a result of this stimulus?

(4) If yes to (3), how many additional new apartments are expected to be built as a result of this stimulus measure?

Hon STEPHEN DAWSON replied:

I thank the Leader of the Opposition for some notice of the question.

(1)–(4) The Department of Treasury, in formulating its revenue estimate, made a number of assumptions and considered all relevant and available information on the potential impact on the market. Eventual market impacts will be determined by buyers and developers.