Page 303 - Week 01 - Thursday, 11 February 2016

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(6) How many first home buyer grants were paid to residential property transactions for the (a) 2012-2013, (b) 2013-2014 and (c) 2014-2015 financial years were valued in the range of (i) $300 000 to $400 000, (ii) $400 001 to $500 000, (iii) $500 001 to $600 000, (iv) $600 001 to $700 000, (v) $700 001 to $800 000, (vi) $800 001 to $900 000 and (vii) above $900 001.

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

The number of residential property transactions that paid stamp duty in:

(a) 2012-13: 11,641

(b) 2013-14: 11,891

(c) 2014-15: 12,367

(1) Total revenue received from residential property stamp duty in:

(a) 2012-13: $165.0m

(b) 2013-14: $163.6m

(c) 2014-15: $164.8m

(2) Residential conveyance duty is forecast at an aggregate level and hence the projected number of transactions is not available.

(3) Based on the published 2015-16 Budget, the project revenue for residential property transactions to pay stamp duty in:

(a) 2015-16: $167.0m

(b) 2016-17: $174.5m

(c) 2017-18: $182.4m

(d) 2018-19: $190.6m

(4)

Value range

Residential property transactions

2012-13

2013-14

2014-15

(i)

$300,000 to $400,000

2,666

2,717

2,797

(ii)

$400,001 to $500,000

2,927

2,917

3,030

(iii)

$500,001 to $600,000

1,827

1,809

1,821

(iv)

$600,001 to $700,000

1,015

1,034

1,261

(v)

$700,001 to $800,000

508

553

631

(vi)

$800,001 to $900,000

271

311

384

(vii)

above $900,001

445

499

637

(5)

Value range

Number of first home buyer grants

2012-13

2013-14

2014-15

(i)

$300,000 to $400,000

1,058

657

771

(ii)

$400,001 to $500,000

1,032

578

520

(iii)

$500,001 to $600,000

374

214

100

(iv)

$600,001 to $700,000

126

74

25

(v)

$700,001 to $800,000

19

20

11

(vi)

$800,001 to $900,000

0

0

0

(vii)

above $900,001

0

0

0


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