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Parliamentary Questions

Question Without Notice No. 1240 asked in the Legislative Council on 24 October 2019 by Hon Jacqui Boydell

Parliament: 40 Session: 1

Answered on

STATE ECONOMY — STAMP DUTY REBATE

1240. Hon JACQUI BOYDELL to the minister representing the Treasurer:

I refer to the government's announcement of a stamp duty rebate on the purchase of new-build apartments as a method of stimulating a stifled economy.

(1) Has any modelling been done on the impact that this policy announcement will have in regional areas versus the metropolitan area; and, if not, why not?

(2) Is the Treasurer able to provide us with any information on the percentage of foreign buyers versus residential buyers who have purchased new residential apartments over the years 2017–18, 2018–19 and 2019 to date?

(3) Does the government accept that raising the payroll tax exemption threshold would be a more effective method of stimulating the economy across the whole of Western Australia?

Hon STEPHEN DAWSON replied:

I thank the honourable member for some notice of the question.

(1) No. The policy applies statewide.

(2) No. Available data on foreign buyer purchases does not identify the type of residential property. However, foreign buyers make up less than two per cent of the total housing market.

(3) The government has acknowledged that payroll tax relief is desirable.