Mr MILLS - 2007-05-01
As a part of the budget, you announced that, later in the year, expressions of interest for Bellamack will include special consideration for first homebuyers. Considering that the expected sale price of blocks at Bellamack is around $150 000, could you please outline to the House details of what you mean by ‘special consideration’? Exactly what will you be offering first homebuyers looking for land in Bellamack?
ANSWER
Madam Speaker, the minister with responsibility for Planning and Infrastructure would be better placed to answer this question as she is more directly responsible for this area. In two land releases this year - Mt John Valley, once the negotiations are completed, and Bellamack - there will be special consideration for first homebuyers. Just how that is factored in is subject to further work. Undoubtedly, there will be consultation and discussion with industry. There will be parameters drawn around it in relation to negotiation with prospective developers to see what they can do in relation to a clear cut advantage and a set number of blocks for first homebuyers.
If you put that in place on top of the stamp duty reductions with a threshold of $350 000, you are starting to talk about very meaningful assistance, indeed, to first homebuyers in the Northern Territory, particularly those who are able to avail themselves of land to build in Bellamack or in Mt John Valley into the future.
Mr MILLS: A point of order, Madam Speaker! I presumed from the answer that there was going to be a referral to the appropriate minister because, in fact, my question was not answered.
Ms Lawrie: Well, you should have asked me!
Members interjecting.
Mr Mills: It was referenced to have been referred to the appropriate minister.
Members interjecting.
Madam SPEAKER: Order, order!
Members interjecting.
Madam SPEAKER: Order! The Treasurer has finished his answer.
ANSWER
Madam Speaker, the minister with responsibility for Planning and Infrastructure would be better placed to answer this question as she is more directly responsible for this area. In two land releases this year - Mt John Valley, once the negotiations are completed, and Bellamack - there will be special consideration for first homebuyers. Just how that is factored in is subject to further work. Undoubtedly, there will be consultation and discussion with industry. There will be parameters drawn around it in relation to negotiation with prospective developers to see what they can do in relation to a clear cut advantage and a set number of blocks for first homebuyers.
If you put that in place on top of the stamp duty reductions with a threshold of $350 000, you are starting to talk about very meaningful assistance, indeed, to first homebuyers in the Northern Territory, particularly those who are able to avail themselves of land to build in Bellamack or in Mt John Valley into the future.
Mr MILLS: A point of order, Madam Speaker! I presumed from the answer that there was going to be a referral to the appropriate minister because, in fact, my question was not answered.
Ms Lawrie: Well, you should have asked me!
Members interjecting.
Mr Mills: It was referenced to have been referred to the appropriate minister.
Members interjecting.
Madam SPEAKER: Order, order!
Members interjecting.
Madam SPEAKER: Order! The Treasurer has finished his answer.
Last updated: 09 Aug 2016