West Perth project a milestone for inner city living
- $30.5 million project
- One-third available to renters most at need
- Partnerships result in high-density housing, with bays for scooters
- All properties sold by July 2014
- West Perth’s innovative Abode apartment project is the latest in a new breed of public-private partnerships delivering inner-city affordable housing and putting downward pressure on urban sprawl.
“This is the second development where the State Government has joined with Diploma Properties to deliver a greater choice of housing in a high-density location close to transport, jobs and services,” Housing Minister Bill Marmion said today, during the traditional ‘topping out’ ceremony.
Partnering with developers to increase private sector investment and the supply of affordable homes is a key part of the Liberal National Government’s Affordable Housing Strategy 2010-2020: Opening Doors to Affordable Housing.
The $30.5 million, 10-storey development is on the doorstep of the CBD, just seconds from City West station, and includes a number of one-bedroom units with scooter bays, instead of traditional car parking.
Ten apartments are being retained specifically for people eligible for social housing. Another 15 will be home to purchasers under the State Government’s shared equity home ownership program and tenants renting at a discount under the National Rental Affordability Scheme.
“Rather than being a passive seller of the land, the Government has been an active equity partner, effectively leveraging more than $70 million in private sector investment, firstly for the One on Aberdeen project and now with the Abode apartments,” Mr Marmion said.
Pre-sales targets were achieved in February 2013 and all properties were sold by July 2014.
Source: News Release, Hon Bill Marmion BE MBA, 2nd November, 2014