Page 1457 - Week 04 - Thursday, 12 April 2018
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . . Video
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
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . . Video