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

Property News

Affordable housing coming to Western Australia

March 30, 2012

Many people take for granted the wonderful comfort that comes with having a home to call their own - a place that only they have a key to enter.

The ability to return to residential property after a hard day of work somehow eases the tension and allows you to sit back, relax and enjoy your family's company.

However, some people do not have the means to buy or even rent a house. While it is a great luxury, it is not an inexpensive one.

Western Australia is working towards tackling this problem with an initiative that aims to introduce 1,000 additional affordable rentals to the state.

Under Round 4 of the National Rental Affordability Scheme (NRAS), the project aims to primarily benefit West Australians on low to moderate incomes.

Housing minister Troy Buswell said the effort is part of the overall commitment to bringing affordability housing options to the state's residents.

"The additional funding will bring the total NRAS commitment in WA to 6,000 incentives, meaning we are well on the way to delivering the state government's target of an additional 20,000 affordable housing properties by 2020," he said.

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

Increased construction figures across New South Wales highlight investment strength

Buyers looking for a great area to consider land investment and property construction in the near ...
read more

Regional Victorian home values increase significantly during last 12 months

Regional Victoria has seen house prices rise again during the last quarter, with new data ...
read more

RP Data: Quarterly rental data highlight slowing capital market

Owners of investment property could be interest to see the latest statistics from RP Data, with the ...
read more