Question On Notice No. 5778 asked in the Legislative Council on 28 June 2012 by Hon Lynn Maclaren
Question Directed to the: Minister for Finance representing the Minister for Housing
Parliament: 38 Session: 1
Question
I refer to the sale of public housing dwellings to the private market since 2000 and further to question on notice No. 1141, and ask —
(1) Please outline the State government's current policy in relation to the sale of public housing dwellings.
(2) Does the Government make explicit that revenue generated from sales of State housing assets are reinvested into the purchase or build of new public housing dwellings —
(a) at a discounted rate to the State housing authority; and
(b) at a discounted rate to community housing sector?
(3) How many public housing dwellings have been sold to the private market since 2000?
(4) What was the total net sale value for these properties?
(5) In relation to (4), please provide answer by year, number of dwellings sold, and sale price.
(6) What is the net increase in public housing dwellings as a direct result of these sales?
(7) In relation to (6), please provide answer by year, number of dwellings purchased with this capital, and location.
(8) Please outline the State government's current policy in relation to the sale or disposal of surplus land or buildings.
(9) Does the Government make explicit that the sale of surplus land or buildings should be used to increase the supply of affordable housing?
(10) What amount (in ha) and proportion of surplus land disposed in the last ten years has been made available to the State housing authority or community housing sector?
Answered on 14 August 2012
The Department of Housing advises:
(1) The Department disposes of public housing properties to reduce presence concentrations, when a property is no longer required, is at the end of its useful life, or when an eligible tenant applies to purchase it. There are several programs under which properties are sold: New Living; approved by the Department's Development Committee; and surplus, high value, or tenant sales, assessed by the Department's Strategic Asset Management Group.
(2)(a)-(b) Other than the high value properties initiative, proceeds of sale are not allocated separately but are made available to fund the Department's programs, including providing social and affordable land and housing options. Typically the Department invests a greater amount of funding in new social housing each year than is generated by sales of public housing dwellings.
(3) 5745 as at 31 July 2012.
(4) $761 688 597 as at 31 July 2012.
(5)
Financial Year | Number of Properties Sold | Net Property Value | Net Sale Price |
2000-01 | 937 | $ 72 687 453.47 | $ 89 013 544.68 |
2001-02 | 841 | $ 67 016 939.19 | $ 81 799 178.00 |
2002-03 | 772 | $ 63 420 965.99 | $ 75 220 788.40 |
2003-04 | 621 | $ 51 386 361.68 | $ 70 513 411.50 |
2004-05 | 572 | $ 56 093 858.24 | $ 75 765 461.94 |
2005-06 | 596 | $ 85 340 511.64 | $ 98 378 685.00 |
2006-07 | 358 | $ 64 917 693.37 | $ 76 991 192.64 |
2007-08 | 165 | $ 40 892 488.01 | $ 44 027 777.00 |
2008-09 | 246 | $ 65 608 664.73 | $ 63 187 028.40 |
2009-10 | 226 | $ 71 680 451.40 | $ 72 435 949.87 |
2010-11 | 196 | $ 53 657 938.07 | $ 56 564 726.77 |
2011-12 | 196 | $ 63 532 064.26 | $ 63 917 800.00 |
2012-13 as at 31 July 2012 | 19 | $ 5 453 207.57 | $ 5 726 745.00 |
Total | 5 745 | $ 761 688 597.62 | $ 873 542 289.20 |
(6)-(7) Please refer to (2).
(8) The Department disposes of land once occupied by public housing and now considered surplus to public housing requirements largely under the banner of its urban renewal initiatives, the Redevelopment and "New Living" programs. This land may have resulted from the demolition of public housing at the end of its economic life or to take advantage of density codes that enable increased dwelling yields through the amalgamation and re-subdivision of adjoining lots. The surplus land is offered for sale to provide home ownership opportunities or to reduce the concentration of public housing in a particular area.
(9) Revenue from the sale of surplus land is not used explicitly to increase the supply of affordable housing but is made available to fund the Department's broader operations, including the provision of social and affordable housing outcomes.
(10) This response is based on land currently identified for redevelopment in the Department's inventory. Information for the last 10 years was not available in the timeframe.
Out of 50 hectares, 25 hectares (50 per cent) have been made available to the Department or community housing sector and 25 hectares (50 per cent) have been sold to the general market.
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