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Conveyance Duty Revenue
792 The Hon. S.C. MULLIGHAN (Lee) (23 September 2021). What is the conveyance duty raised for residential property transactions from 1 July 2020 to 30 June 2021 with assessable property values of:
(a) $0 to $200,000
(b) $200,001 to $300,000;
(c) $300,001 to $400,000;
(d) $400,001 to $500,000;
(e) $500,000 to $600,000;
(f) $600,001 to $700,000;
(g) $700,001 to $800,000;
(h) $800,001 to $900,000;
(i) $900,001to $1,000,000;
(j) $1,000,001 to $1,100,000;
(k) $1,100,001 to $1,200,000;
(l) $1,200,001 to $1,300,000;
(m) $1,300,001 to $1,400,000;
(n) $1,400,000 to $1,500,000;
(o) $1,500,000 to $2,000,000;
(p) $2,000,001 to $2,500,000;
(q) $2,500,001 to $3,000,000;
(r) $3,000,001+?
The Hon. S.S. MARSHALL (Dunstan—Premier): I have been advised:
The following table provides the number and value of residential (properties classified as residential for conveyance duty purposes include houses, units, and apartments, along with a range of other property types of a residential nature including aged-care facilities, student accommodation, and vacant land intended for residential development)conveyance duty transactions by value range in 2020-21.
2020-21 | |||
Value | |||
From | To | Transactions (no.)(a) | Duty ($m) |
$0 | $200,000 | 11,600 | 46 |
$200,001 | $300,000 | 8,900 | 80 |
$300,001 | $400,000 | 8,600 | 118 |
$400,001 | $500,000 | 7,000 | 131 |
$500,001 | $600,000 | 5,100 | 122 |
$600,001 | $700,000 | 3,100 | 90 |
$700,001 | $800,000 | 2,000 | 69 |
$800,001 | $900,000 | 1,300 | 51 |
$900,001 | $1,000,000 | 800 | 35 |
$1,000,001 | $1,100,000 | 400 | 20 |
$1,100,001 | $1,200,000 | 400 | 22 |
$1,200,001 | $1,300,000 | 300 | 22 |
$1,300,001 | $1,400,000 | 200 | 17 |
$1,400,001 | $1,500,000 | 200 | 14 |
$1,500,001 | $2,000,000 | 500 | 41 |
$2,000,001 | $2,500,000 | 200 | 20 |
$2,500,001 | $3,000,000 | <100 | 12 |
Over | $3,000,000 | 100 | 25 |
Total | 50,600 | 932 |
(a) Rounded to the nearest 100