WA pledges $500m to ease housing shortage

April 30, 2023 06:32 PM PDT | By AAPNEWS

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WA pledges $500m to ease housing shortage — Image source: AAPNEWS

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The Western Australian government will spend more than half a billion dollars on social housing and loan programs in a bid to combat the shortage of homes.

The $511 million in funding, to be included in the 2023-24 state budget in May, is expected to deliver about 800 additional social homes across the state.

Premier Mark McGowan said the state's strong budget position will help the government improve the quality and accessibility of social housing for thousands of people in need.

"This additional $511 million investment takes my government's total spend on social housing and homelessness measures to $2.6 billion," he said on Monday.

The measures include $450 million for about 700 additional social homes and renovations to the Department of Communities' ageing housing stock to ensure the dwellings can be used into the future

The McGowan government has also made amendments to its low deposit lender, Keystart, with one-bedroom apartments now eligible for an urban loan program.

An additional Keystart loan program will also be introduced to enable prospective homebuyers to secure pre-sale off-the-plan properties.

A $49 million pilot program in partnership with community housing organisations will also provide 100 homes for people experiencing rough sleeping in regional areas.

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