DevelopmentWA has launched a new land package to make residential and industrial land more affordable in the regions, estimated to save buyers a combined $116 million.
DevelopmentWA has launched a new land package to make residential and industrial land more affordable in the regions, estimated to save buyers a combined $116 million.
The Regional Land Booster package comprises discounted land, made available through the state government’s central development agency DevelopmentWA, with the aim to stimulate building and construction activity and drive activity for regional businesses.
The first stage of the package was announced today, starting in the Pilbara where the package will apply to 376 lots across nine projects, including four estates in Karratha.
For example, at Madigan Estate in Karratha, residential lots will now be available from $95,000, saving $24,000.
Other Pilbara residential and industrial estates where the package will also apply include Tambrey Mixed-Use, Gap Ridge Industrial and Gap Ridge Bulky Goods, Newman Residential, Onslow Residential, South Hedland's Town Centre and Port Hedland's Hedland Junction Industrial estate.
Lands Minister Ben Wyatt said the package would provide a major boost to regional Western Australia’s COVID-19 economic recovery and support regional jobs through new residential and industrial developments.
"The package is expected to provide further incentives for FIFO workers to relocate to WA, with government grants and other initiatives making now the best time to build a house in WA,” he said.
"Increased land sales will secure a pipeline of work for the region's building and construction sector, supporting regional jobs and suppliers in this difficult time.
"It will also help support the establishment of new regional industrial, commercial and tourism businesses, providing long-term business and employment opportunities for the regions.”
The package will be rolled out to other WA regions over the coming weeks and it follows the state government’s $20,000 Building Bonus Grant and the federal government’s HomeBuilder grant.
Through those grants, eligible buyers will be able to take advantage of up to $69,000.
Pilbara MLA Kevin Michel said he had been working with the minister for some time to improve land affordability in the Pilbara.
"The McGowan government is committed to our regional community and as a team we are working hard to deliver on our plan for jobs, tourism and infrastructure in the Pilbara,” he said.
