- Construction of 1,390 social & affordable homes part of METRONET community hubs
- Additional 2,350 new jobs to support construction and redevelopment
- Estimated $765 million boost to local economy
- Neutral State net debt impact over the forward estimates period
The McGowan Government, in partnership with local industry, will invest $394 million in social and affordable housing projects to complement METRONET, creating 2,350 new jobs in the construction industry and associated sectors.
The State Budget includes $184 million over four years through the METRONET Social and Affordable Housing and Jobs Package - a major investment in housing, linked directly with METRONET, to help build liveable and connected communities.
The State Government will leverage the existing investment in METRONET by integrating quality affordable housing and community facilities with transport hubs.
In partnership with the private sector, the package will use four different work streams to develop eight high-density mixed-tenure projects; create unique compact urban communities on strategic sites close to METRONET stations; and develop and redevelop smaller scale sites within 800 metres of new METRONET or existing heritage line stations.
It is estimated that the building of 1,390 new homes will support 2,350 jobs and generate $765 million in economic activity. Construction and redevelopment will centre on transit-oriented locations, including new METRONET and existing heritage-line train precincts in established communities.
Over the Budget and forward estimates period, the package is forecast to be net debt neutral. State Government sales proceeds are forecast to fully offset the costs of the developments and the creation of an extra 320 social dwellings.
This integrated approach is set to stimulate economic activity and jobs, build up to 320 new social housing dwellings and an additional 400 affordable homes, and deliver a further 670 homes for full market price sale during the next five years.
For more 2018-19 State Budget information, visit http://www.ourstatebudget.wa.gov.au
Comments attributed to Premier Mark McGowan:
"METRONET is not just about train lines or train stations. It's also about the communities we can create around our world-class public transport network.
"By government and industry working together, we can create new METRONET community hubs that are liveable and connected to the things that matter to people's everyday lives."
Comments attributed to Housing Minister Peter Tinley:
"The McGowan Government's $394 million investment, in partnership with industry, will allow more than 320 social housing tenants to move into quality homes that are close to jobs and METRONET.
"This will include 200 of WA's most vulnerable singles and couples - those who are currently on the State's priority housing list. We will build up to 300 homes with universal design standards to assist Western Australians of every age and ability.
"Many of the new properties will be more appropriate for tenants and better located; better reflecting the needs and aspirations of modern households and designed to cater for Perth's rising population, which is expected to reach 3.5 million by 2050.
"The State Government intends to help Western Australians achieve home ownership by facilitating the delivery of affordable dwellings in communities with good services, amenities and transport infrastructure."
Comments attributed to Planning Minister Rita Saffioti:
"Building the transport infrastructure is the cornerstone of METRONET, but it doesn't end there.
"METRONET is also about building liveable, connected communities that drive activation and foot traffic.
"Our existing train stations and new METRONET stations can be so much more than just a place where passengers tag off or tag on - they should be a vibrant community hub."
Premier's office - 6552 5000
Housing Minister's office - 6552 5300
Planning Minister's office - 6552 5500