Ms WALKER - 2010-05-04
Can you update the house on how Budget 2010-11 delivers now for families?
ANSWER
Madam Speaker, I thank the member for Nhulunbuy for her question. Budget 2010-11 is providing big wins for families across the Territory. As part of our Housing the Territory strategy, we are cutting taxes for families who are buying homes. First homeowners can save up to $26 000-plus in stamp duty, an increase of $11 000. But we have put an innovative new step into Budget 2010-11 in the stamp duty concession, and it is for our seniors, our veterans, our pensioners and our carers. They can save $8500, which assists them to downsize from the family home, the empty nesters, and get into smaller accommodation, which then frees up existing property for families to buy into.
The principal place of residence rebate scheme has also been increased from $2500 to $3500; that is a 40% increase for principal place of residence. An expanding Homestart will help more low to middle income earning families into purchasing their own home. What families really need and want and look to, apart from that housing picture, of course, are better hospitals, better schools, and having an opportunity for their children going forward - there are opportunities in this budget. Those 336 new public housing dwellings funded for in this budget will make a big difference to the families who are on struggle street, both in the bush and in the urban centres.
Health and education and community safety are important to families, and we are delivering record budgets in these areas. A $1.8bn infrastructure spend, with the lowest taxing regime, protects jobs for families. For the last six months, we have had the lowest unemployment rate in the nation. We have had the highest labour force participation rate in the nation. Families are benefiting from our initiatives right across Budget 2010-11. More funding for our lifestyle, major sporting events, fishing infrastructure, taking care of our parks and our environment, new schools, a new water park in Palmerston, they are all projects that deliver now for Territory families.
ANSWER
Madam Speaker, I thank the member for Nhulunbuy for her question. Budget 2010-11 is providing big wins for families across the Territory. As part of our Housing the Territory strategy, we are cutting taxes for families who are buying homes. First homeowners can save up to $26 000-plus in stamp duty, an increase of $11 000. But we have put an innovative new step into Budget 2010-11 in the stamp duty concession, and it is for our seniors, our veterans, our pensioners and our carers. They can save $8500, which assists them to downsize from the family home, the empty nesters, and get into smaller accommodation, which then frees up existing property for families to buy into.
The principal place of residence rebate scheme has also been increased from $2500 to $3500; that is a 40% increase for principal place of residence. An expanding Homestart will help more low to middle income earning families into purchasing their own home. What families really need and want and look to, apart from that housing picture, of course, are better hospitals, better schools, and having an opportunity for their children going forward - there are opportunities in this budget. Those 336 new public housing dwellings funded for in this budget will make a big difference to the families who are on struggle street, both in the bush and in the urban centres.
Health and education and community safety are important to families, and we are delivering record budgets in these areas. A $1.8bn infrastructure spend, with the lowest taxing regime, protects jobs for families. For the last six months, we have had the lowest unemployment rate in the nation. We have had the highest labour force participation rate in the nation. Families are benefiting from our initiatives right across Budget 2010-11. More funding for our lifestyle, major sporting events, fishing infrastructure, taking care of our parks and our environment, new schools, a new water park in Palmerston, they are all projects that deliver now for Territory families.
Last updated: 09 Aug 2016