Landmark investment from Housing Australia to fund new Perth Build-to-Rent apartment project
New BTR project marks a significant step in providing crucial social and affordable housing solutions. Image: Canva.
  • Housing Australia invests $73 million in Perth BTR project.
  • Delivering 219 apartments, catering to social, affordable, and specialist disability housing.
  • Project aims to address housing distress and promote housing equality.

Housing Australia has pledged funding for a Perth Build-to-Rent (BTR) project, which will be taken on by DevelopmentWA and the community housing sector to supply crucial social and affordable housing.

New consortium driving social housing development

Accordingly, the Western Australian (WA) Government unveiled a consortium comprising Housing Choices WA and Super Housing Partnerships as its bidder of choice for the 29-storey BTR apartment nestled by the Perth CBD fringe.

“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 choices from social and affordable through to market and disability housing. We look forward to welcoming our first residents in 2026,” said Housing Choices Australia CEO, David Fisher.

Housing Australia’s largest investment in WA

Housing Australia will finance a loan of about $73 million through the National Housing Infrastructure Facility (NHIF), alongside $15.6 million in grants, and a $40.6 million contribution from the WA Government.

“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,” said Housing Australia CEO, Nathan Dal Bon.

“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.”

A step towards housing equality

Super Housing Partnerships will also provide funding, enabling Housing Choices WA to purchase the property upon completion.

“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,” said Super Housing Partnerships executive director, Kris Daff.

“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.”

Kris Daff, Super Housing Partnerships

The project will produce 219 new apartments, consisting of 66 social, 44 affordable, 98 market, and 11 specialist disability housing units.

The target demographics for the social and affordable housing options include elderly women facing homelessness, singles and families on very low and low-moderate incomes, including key retail workers, and people working at schools nearby or at hospitals, major police and emergency service precincts.

Constriction is projected to begin in mid-2024 and wrap up by the end of 2026.

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