WA unveils $150m housing boost

By Gerv Tacadena | 04 Dec 2019

The state government of Western Australia has unveiled a $150m housing investment package as part of its efforts to boost the local economy.

The investment package is divided into three parts: $125m for the construction of 300 public housing units for homeless and vulnerable people on the priority waiting list; around $6m for the renovation of 20 regional and 50 metropolitan public housing properties; and $19m to be coursed through Key Start for 200 additional shared equity homes.

"Not only is this a win for WA home buyers and those who are currently on the social housing waitlist, but also the construction industry with the additional 1,000 jobs that will be created,” said Damian Collins, president of the Real Estate Institute of Western Australia.

Collins said these policies will be able to help address the housing affordability issues in the state and would help those looking to take their first step on the property ladder as homeowners.

"The WA market remains a challenging environment for some West Australians. This initiative is an important step to ensuring everyone has a place to call home," he said.

Housing Industry Association Executive Director Cath Hart said these announcements will give confidence to thousands of West Australian workers and businesses in the residential construction sector.

"This is critically important so that we have sufficiently skilled workers ready and able when WA's residential construction starts to increase to more sustainable levels in the coming years, and so that we don't face skills shortages," she said.

Top Suburbs : revesby hts , alexandria , mayfield , dulwich hill , tweed heads south


Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local mortgage broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here