Page 1884 - Week 05 - Thursday, 6 May 2010
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the HIA-Commonwealth Bank figures that apply to first homebuyers and that provide a much more telling comparison that shows we are the second-least affordable jurisdiction for first homebuyers.
The Governor of the Reserve Bank has explicitly stated that one of the main drivers of housing affordability is land supply. In the ACT we are in the unique position of having direct control over this and the ability to make it happen; yet we have seen all manner of bizarre ideas come forth from this government and supply has still been strangled. Now a massive tax has been unveiled, an $89 million slug to homebuyers.
Yesterday in the chamber the Treasurer admitted that the charges outlined in the government’s papers would indeed be the guidelines that would apply to new units and dual occupancies in our suburbs.
Ms Gallagher: No, I didn’t.
MR SESELJA: I will quote what the Treasurer said because she now denies it. She said:
… I … refer Mr Seselja to the schedule and tables which indicated it is very clear from that that it would be a significant increase on what is currently being paid now under codification, and we expect it to be in that order under a site-by-site valuation process.
There it is. There it is in the Treasurer’s own words. The tables that have been provided give us the indicator of how much tax they will be taking from ordinary homebuyers in the ACT.
Ms Gallagher: Read the first sentence. You didn’t read the first sentence.
MR SESELJA: The quote speaks for itself. The Treasurer does not like it. She does not like it. But we can see from the table what people are going to pay under this government’s regime. We can take it across the board. Let us have a look at it. In Braddon, on large unit complexes, it is over $137,000 tax per unit; on smaller unit complexes, it is $52½ thousand; on dual occupancies, it is $75,000.
Let us choose some others. In Monash, it is $33,750 tax per unit in small unit complexes; in Kambah, $33,750; in Wanniassa, $33,750; in Lyneham, $41,250; in Holt, $30,000; in Bonython, $30,000. That, in anyone’s language, is a massive tax on homes.
Mr Corbell: You are just a rent seeker, Mr Seselja, an absolute rent seeker.
MR SPEAKER: Mr Corbell, I have said what my expectations are on budget reply.
MR SESELJA: Thank you, Mr Speaker. They do not like it. They do not like this massive tax on homes being highlighted, a massive tax in Bonython and Bruce, a massive tax in Kambah and Curtin, a massive tax in Hall and Holt, a massive new tax on families in every suburb of this territory.
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