Milestone for Perth housing project
First-time buyers in the Perth region struggling to enter the residential property market will welcome a state government initiative to deliver more affordable housing options in the capital city.
State planning minister John Day announced the government's plans to enable the development of more than 100 ha of land as part of the Keralup housing project in the Rockingham area.
The housing scheme will cater for the predicted population growth in Perth's southern and Peel regions, providing homebuyers with more affordable options.
"The proposal to develop a new urban community of up to 90,000 people in the next 40 to 50 years is in line with the principles set out in the Directions 2031 and Beyond framework," Mr Day explained.
With 100 ha of residential land development opportunities, property investors may be attracted to the Perth property market, which boasts more affordable prices than the more populated eastern states.
The Keralup housing project is a government initiative to develop 4,000 hectares into an accommodation precinct to accommodate up to 90,000 people, as well as the construction of commercial property and amenities to support the community.
Mr Day said there is still a number of planning and service issues that required addressing before development progressed.