25/01/2013 - 12:20

MRA, Housing Dept tackle affordable housing

25/01/2013 - 12:20

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MRA, Housing Dept tackle affordable housing

The Metropolitan Redevelopment Authority and the Department of Housing will collaborate on a series of new housing projects in a bid to add to the state's affordable housing supply.

The agencies will develop a five-year plan of joint projects, primarily located in central Perth, Midland and Armadale, with the aim to contribute at least 1,300 new affordable homes by 2020.

"The MRA's success in overseeing significant redevelopment and renewal projects with successful community engagement will complement the Department of Housing's considerable experience in affordable housing and housing development," Housing Minister Terry Redman said.

A lack of affordable housing remains a major issue in Western Australia, with Perth's median rent jumping to $450 a week and vacancy rates well below the point of equilibrium.

The state government is aiming to create at least 20,000 affordable homes by the year 2020 through its Affordable Housing Strategy. 

As of June 30, 2012, it had delivered 6,200 homes.

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