1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Perth to welcome affordable rental properties

May 17, 2012

A need to increase the number of affordable rental properties has been recognised in Perth, leading to the announcement of a new $15.7 million project.

The Key City Workers Development aims to provide employees in the city with low-cost rental options so they do not have to commute long distances to their places of employment.

"It will not only help the workers but also help the city to thrive, diversify and develop economically," explained the lord mayor of Perth, Lisa Scaffidi.

Funding for the project has been supplied by a number of organisations, including the National Rental Affordability Scheme and the City of Perth.

At present, the plans incorporate 48 one- and two-bedroom apartments that are able to house approximately 90 tenants, as well as a 177-bay public car park.

Proposals were recently put forward to introduce a congestion charging scheme in Perth, which Cr Scaffidi said showed "little understanding of our traffic masterplan and certainly no sense of place appreciation whatsoever".

She expressed that the city was "vehemently against" the proposals and that they would require an act of parliament to actually be put into place.


Related Articles

Perth house prices reach new record high

Residential property prices have reached a new high in Perth, with the latest figures showing the ...
read more

Perth residential real estate developments reach milestones

A major residential property development earmarked for Perth's Burswood peninsula reached a ...
read more

Rental squeeze continues in Perth

The average price of a rental property in Perth continues to rise, recent data shows - a trend that ...
read more

Latest Articles

Is it time for a change?

Is your current home not quite right for your needs? Whatever the reason, you might sell your ...
read more

Growing home lending figures in Western Australia highlight construction rise

Anyone interested in buying land in Western Australia and building their own residential property ...
read more

Calls to keep stamp duty exemption for first home buyers in Western Australia continue

The Real Estate Institute of Western Australia (REIWA) has stood up or the rights of first home ...
read more