Territory Stories

Debates Day 2 - Wednesday 2 March 1994



Debates Day 2 - Wednesday 2 March 1994

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Parliamentary Record 25


Debates for 6th Assembly 1990 - 1994; ParliamentNT; Parliamentary Record; 6th Assembly 1990 - 1994




Made available by the Legislative Assembly of the Northern Territory





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Legislative Assembly of the Northern Territory

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Attribution International 4.0 (CC BY 4.0)

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Legislative Assembly of the Northern Territory



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DEBATES - Wednesday 2 March 1994 Commission houses and who are saving for their deposits. These people were denied access to the previous scheme because it was considered that their income was insufficient. To give an example, a constituent of mine, on an income of $28 000, had saved $12 000 towards a deposit on a $115 000 house. In itself, that is a remarkable achievement. However, he was ineligible under the scheme because his income was deemed insufficient to support the repayments. Many families on twice that income would be proud to have saved that sum towards a home deposit. This new scheme will enable that family to purchase their home. The Shared Equity Home Ownership Scheme gives low-income and middle-income earners an option. They can take part in this scheme and limit their weekly, fortnightly or monthly commitments to what they can afford. At the same time, they can gain equity in their home. They can share in economic prosperity and look forward to the future. I note that the member for MacDonnell laughs. Mr Bell: $14 000 per head at the bottom line of your budget! Mr PALMER: The member for MacDonnell comes from the faction of one in the ALP that believes that home ownership is a blight on the economy. This person, born with a silver spoon in his mouth, would follow the edicts of the Deputy Prime Minister who believes that the desire of Australians to own their own homes draws a great deal of investment revenue from other parts of the economy. Mr Parish: His is not a faction of one anyway. There are at least 2 or 3 of them. Mr PALMER: Last time, you did the numbers, he got one. Mr Bell: And even he was wavering, I must say. Mr PALMER: I do not know who voted for John, but Neil got one. Do you remember that, Neil? You are sitting up the back there because of the member for Wanguri. Mr Bell: Let's have a beer at Petty Sessions. Provided you keep your teeth in, we will talk about it. Mr PALMER: You are on the backbench because the member for Wanguri is more popular with his colleagues than you are. Mr Ede: You are last of 14. Mr PALMER: I would rather be last in this team. Mr Speaker, let me say that it is an admirable policy of which many Territorians will take advantage. The shame for members opposite is that many Territorians will take advantage of this scheme. Many Territory families and young, single Territorians will take the opportunity afforded by these schemes to invest their hard-earned money in the Territory. They will buy homes and make their future here. I can give you one tip, Mr Speaker. Cheap houses will be available in the Territory, cheap land will available in Darwin and people will be able to buy excellent homes here for $10 000 if the mob over there ever gets into government. There will be an exodus from the Territory. Whole convoys of people will drive off down the highway. 11 334

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