Constituency questions
Polwarth electorate
Richard RIORDAN (Polwarth) (14:45): (510) My question this afternoon is for the Treasurer. The question I have for the Treasurer is: is he aware that the State Revenue Office’s most recent local council valuations have seen for the Colac Otway shire, if you can believe this, a 28.7 per cent increase in actual land values on people’s rate notices but surprisingly a 10 per cent decrease in the capital improved values of the same properties? In fact even for my own premises there has been a $200,000 reduction in the value of my house but a $400,000 increase in the value of the land. There are some houses in my shire now valued at less than $90,000. You cannot rebuild half the houses in the Colac Otway shire. My question to the Treasurer is quite simple: is he aware of this strange anomaly that has occurred in the Colac Otway shire?