The Minister is reported as saying: "For five hundred houses in Yallingup, a one per cent increase doesn't raise a lot of money, "but over 100,000 properties, a one per cent increase would raise over $100m".
* This para amended 13th June 2014, from '$10,000 a year' and 'eight times'. This is one of those cases where the correct value is so far from what might seem reasonable that the error looked reasonable. In my defence - at least I checked. It seems no one had the nouse to check Homer's figures.