• Housing investment package a win for all West Aussies

    New

    Housing Investment Package A Win For All West Aussies | REIWA

    REIWA welcomes the McGowan Government’s announcement for a new $150 million housing investment package as a means of stimulating the Western Australian economy.  

    REIWA President Damian Collins said 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. 

    Housing affordability

    “Although housing affordability has improved in WA in the last couple of years, there is still a significant number of West Australians who struggle along their property journey,” Mr Collins said. 

    “Despite the median weekly rent remaining at $350 since early 2017, for those on low incomes the private rental market can still be unaffordable, which is placing pressure on the region’s social housing system.

    This boost will help West Australians from across the property spectrum, for those needing to secure social housing homes right through to those looking to take their first step on the property ladder as homeowners.

    Housing investment package

    The housing investment package will deliver:

    • $125 million for more than 300 new public housing units targeting homeless and vulnerable people on the priority waitlist
    • $6 million to refurbish 20 regional and 50 metropolitan public housing properties
    • $19.2 million for 200 additional shared equity homes, delivered in partnership with Keystart 

    “The WA market remains a challenging environment for some West Australians. We congratulate the WA Government for listening to the recommendations that the real estate industry provided.” 

    “This initiative is an important step to ensuring everyone has a place to call home,” Mr Collins said. 

    More information

    Find out what else the WA property industry recommended to the WA Government in a bid to boost the state's economy. 

    Read the full media statement from the McGowan Government. 

  • Other articles of interest

    See all