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Legislative Assembly for the ACT: 2018 Week 04 Hansard (Thursday, 12 April 2018) . . Page.. 1457 ..


ratings system and (b) total amount of revenue generated through the fixed charge, broken down by (i) houses, (ii) rural properties, (iii) units and (iv) commercial properties.

(2) What are the residential conveyance duty rates for each year since 2011-12 and across each of the forward estimates, broken down by each threshold in Table 6.2.6 in 2017-18 Budget Paper 3.

(3) How many transactions are expected to occur for each year of the budget estimates and how many took place each financial year since 2011-12 to date.

(4) Can the Treasurer provide the population of Canberra for each year since 2001 to date.

Mr Barr: The answer to the member’s question is as follows:

(1) (a) The number of private residential properties that paid the fixed charge between 2011-12 and 2017-18 is shown in Table 1 below. It does not include forward estimates as the Government does not forecast growth in rateable dwellings. General rates revenue is set in aggregate which takes into account the expected growth in overall population.

Table 1: The number of properties paying the General Rates fixed charge (2011-12 to 2017-18)

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

ACT residential

136,813

140,657

144,685

150,414

152,551

155,355

158,198

- Units

32,430

34,083

36,329

38,906

41,164

44,035

45,796

- Houses

104,383

106,574

108,356

109,679

110,499

110,417

111,452

Rural

178

174

175

171

168

173

172

Commercial

5,697

5,731

5,784

5,997

6,018

6,033

6,053

Note: Units and houses may not sum to ACT residential due to minor exclusions and reporting variations.

Figures are estimates based on properties in the general rates database and may differ to actual outcomes.

(b) The total amount of revenue generated through the fixed charge, broken down by category, is presented in Table 2 for the years 2011-12 to 2017-18. As the Government does not forecast growth in rateable dwellings, forward estimates by category of dwelling cannot be provided.

Table 2: Fixed charge revenue, by category ($ ‘000, 2011-12 to 2017-18)

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

ACT residential

75,931

78,065

90,573

101,529

111,362

118,847

121,021

- Units

17,999

18,916

22,742

26,262

30,050

33,687

35,034

- Houses

57,933

59,149

67,831

74,033

80,664

84,469

85,261

Rural

22

22

24

25

25

26

27

Commercial

7,167

6,952

10,116

11,484

12,818

13,484

14,406

Note: Units and houses may not sum to ACT residential due to minor exclusions and reporting variations.

Figures are estimates based on properties in the general rates database and may differ to actual outcomes.

(2) Residential conveyance duty rates for each year since 2011-12, and for the forward estimates period are listed in Table 4 below.

(3) The number of residential property transactions which took place from 2011-12 to 2016-17 is presented in Table 3 below. The Budget and forward estimates of residential conveyance duty take a number of factors into consideration including


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