Page 3895 - Week 13 - Tuesday, 8 November 1994
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .
(2) 1513
(3)(a) Gungahlin - (i) 1993-94 - 2 houses,
(ii)1994-95 (ie. to 30-9-94) -14 houses
(b) Tuggeranong - (i)1993-94 - 8 houses, (ii)1994-95 -10 houses
(4) (a) Gungahlin - (i)1993-94 - 0 houses, (ii)1994-95 - 0 houses
(b) Tuggeranong - (i) 1993-94 - 8 houses (6 townhouses and 2 dual
occupancy houses), (ii)1994-95 - 0 houses
(5) (a) Gungahlin - (i) 1993-94 - 0 houses, (ii)1994-95 -1 house
(b) Tuggeranong - (i)1993-94 - 4 houses, (ii) 1994-95 - 4 houses
(6) "Approved purchaser", under the Building for Buyers pilot demonstration project, are people who meet eligibility and access finance under one of the Commissioners home lending arrangements.
(7) The Building for Buyers initiative differs from "the no deposit house and land package being offered by private builders or developers" by the application of specific eligibility criteria. Access to the Building for Buyers scheme is restricted to people who qualify for a loan under the HomeBuyer program, ie. those who are unable to secure sufficient and appropriate finance from the private sector.
Eligibility criteria includes:
income; property value; deposit; and loan limit parameters.
(8) As detailed in the response to Mr Cornwells previous Question on Notice No. 1419, properties offered for sale under the Building for Buyers scheme are not marketed through private real estate agents. Loans officers and three staff of the Property Development Section have undertaken marketing activities in addition to their usual duties.
(9) Revenue from the sale of Building for Buyers properties is returned to a specific account within the Home Purchase Assistance Trust Account.
3895
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .