Page 1418 - Week 05 - Thursday, 18 June 2020
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Suburban Land Agency—valuations
(Question No 2995)
Mr Parton asked the Minister for Housing and Suburban Development, upon notice, on 8 May 2020:
(1) In relation to the Suburban Land Authority (SLA), can the Minister provide residential RZ1 land sales by (a) volumes and (b) sales revenue, by the sales mechanisms of (i) over-the-counter, (ii) auction, (iii) tender, (iv) industry release, (v) via builder and (vi) ballot, for the financial years (A) 2017-18, (B) 2018-19 and (C) 2019-20 to 31 March 2020.
(2) Can the Minister provide details of policies and procedures relating to allocating RZ1 land lots to real estate agents.
(3) Can the Minister provide residential RZ1 land sales per real estate agent by (a) settled volumes, (b) allocated volumes, (c) sales revenue and (d) commission paid, for the financial years (i) 2017-18, (ii) 2018-19 and (iii) 2019-20 to 31 March 2020.
(4) What is the (a) average and (b) median duration of listing in days of RZ1 residential lots currently listed and not under yet offer.
(5) What was the (a) average and (b) median listing duration of RZ1 residential land lots settled in days for the financial years (i) 2017-18 and (ii) 2018-19.
(6) For RZ1 residential lots currently listed but not yet under offer, by (a) volume and (b) total list prices, how many have been listed for greater than (i) 30, (ii) 90 and (iii) 180 days.
(7) Can the Minister provide the current SLA sales pricing policy.
(8) Are independent valuations used in the setting of SLA prices.
(9) How many independent valuations are ordered for the pricing of each property.
(10) How is the appropriate valuation to base pricing selected, if more than one independent valuation is ordered for pricing purposes.
(11) Can the Minister provide any SLA policies and procedures relating to the (a) discounting of sales prices and (b) revision of sales prices once they are listed.
(12) For sales that settled in each of the financial years (a) 2016-17, (b) 2017-18, (c) 2018-19, (d) 2019-20 to 31 March 2020, how many properties were sold for less than (i) the original list price or auction reserve price and (ii) any independent valuation on that property within the 12 months prior to settlement.
(13) Can the Minister provide details of any bulk sales of more than one lot to a purchaser in a 12-month period including (a) volumes, (b) total revenue, (c) details of any discounts to valuations, (d) discounts to list price and (e) purchaser, for the financial years (i) 2017-18, (ii) 2018-19 and (iii) 2019-20 to 31 March 2020.
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