Housing Australia funding to support delivery of 219 new social, affordable, and market rental homes in Perth in partnership with WA Government and community housing sector
Housing Australia funding will support a build-to-rent housing project in Perth to be undertaken by DevelopmentWA and the community housing sector in order to deliver much needed social and affordable housing.
The Western Australian Government today announced a consortium comprising Housing Choices WA and Super Housing Partnerships as its preferred bidder for the 29-storey build-to-rent apartment development on the fringe of the Perth CBD.
Housing Australia will provide a loan of around $73 million via the National Housing Infrastructure Facility (NHIF), plus approximately $15.6 million in grants and the West Australian Government will contribute more than $40.6 million. This will combine with funding from Super Housing Partnerships, to allow Housing Choices WA to purchase the building on completion.
The project is expected to deliver 219 new apartments made up of 66 social, 44 affordable, 98 market and 11 specialist disability accommodation options. Target cohorts for the social and affordable components include elderly women most at risk of homelessness, singles and families on very low and low-moderate incomes (including people working at nearby schools, hospitals and major police and emergency services precincts and key retail workers).
Construction is expected to commence in mid-2024 and complete by the end of 2026.
Housing Australia CEO Nathan Dal Bon said, "This funding commitment is Housing Australia's largest in WA to date. Additionally, this project demonstrates that institutional capital will be important in contributing to new social and affordable housing across the country.
"Housing Australia works closely with all levels of Government, community housing providers and the private sector to facilitate, fund and deliver programs that help more people to access safe and secure housing. This project is a wonderful example of how this type of collaboration can grow the supply of well located, quality social and affordable housing."
Housing Choices Australia CEO David Fisher said, "Housing Choices Australia are delighted to be part of the successful partnership that will deliver more than 200 new homes in Perth. Housing Choices will manage this mixed tenure development that will offer a range of choice from social and affordable through to market and disability housing. We look forward to welcoming our first residents in 2026."
Super Housing Partnerships Executive Director Kris Daff said, "We are delighted to be partnering with DevelopmentWA, Housing Australia, Housing Choices Australia, and our investment partners in delivering 219 thoughtfully designed, social, affordable, specialist disability and market rental homes in the CBD of Perth.
"Almost every day, the media reports that different parts of our communities' face housing distress and otherwise find locating suitable rental accommodation very challenging. This project takes us one step closer to ensuring that all Australians have access to safe, secure and appropriate housing choices."
Housing Australia provides loans and grants for social and affordable housing, and for critical infrastructure to unlock and accelerate new housing supply, via the National Housing Infrastructure Facility (NHIF). More information is available at housingaustralia.gov.au