Housing Australia is set to bolster Perth’s housing market with a significant build-to-rent project, collaborating with DevelopmentWA and the community housing sector.
The initiative aims to address the pressing need for social and affordable housing in the area.
The Western Australian government has named Housing Choices WA and Super Housing Partnerships as the preferred consortium for the development of a 29-storey apartment complex on the outskirts of Perth’s CBD.
The project is backed by a comprehensive funding package, including a $73 million loan from Housing Australia through the National Housing Infrastructure Facility (NHIF), alongside $15.6m in grants and more than $40.6 m from the WA government.
The financial support will enable Housing Choices WA to acquire the building upon completion. The building is set to offer 219 apartments, comprising 66 social, 44 affordable, 98 market, and 11 specialist disability accommodation options.
Scheduled to start in mid-2024 and conclude by the end of 2026, the project will provide homes for a variety of residents, including elderly women at risk of homelessness and low- to moderate-income individuals and families.
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Nathan Dal Bon (pictured above), CEO of Housing Australia, highlighted the project as a prime example of how institutional capital can contribute to the development of social and affordable housing nationwide.
“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,” Bon said. This project is a wonderful example of how this type of collaboration can grow the supply of well located, quality social and affordable housing.”
David Fisher, CEO of Housing Choices Australia, expressed enthusiasm for the project’s potential to deliver over 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,” Fisher said. “We look forward to welcoming our first residents in 2026.”
Kris Daff, executive director of Super Housing Partnerships, stressed the project’s importance in providing thoughtfully designed social, affordable, specialist disability and rental homes to meet the diverse needs of the community.
“Almost every day, the media reports that different parts of our communities’ face housing distress and otherwise find locating suitable rental accommodation very challenging,” Daff said. “This project takes us one step closer to ensuring that all Australians have access to safe, secure, and appropriate housing choices.”
Housing Australia offers loans and grants for social and affordable housing, along with essential infrastructure funding through the National Housing Infrastructure Facility (NHIF) to fast-track the availability of new homes. For further details, visit housingaustralia.gov.au.
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