The agreement will allow LandCorp to begin construction of 220 residential lots in a new housing estate in Onslow, with Chevron to purchase 50 of the blocks as well as a nine-hectare site within the estate.
Lands Minister Terry Redman said resources activity around Onslow was expected to boost the town’s population by more than 1,500 over the next three years, with Wheatstone forecast to create more than 6,500 jobs.
“This is the first major land release in Onslow in 20 years and will offer buyers fresh, modern and affordable housing options in line with the long-term Pilbara Cities vision for the town,” Mr Redman said in a statement.
LandCorp is expected to offer the first lots for sale by midway through this year.
Premier Colin Barnett said the agreement was a good example of how the state government could work with major resources companies to secure beneficial outcomes for regional towns.
“Wheatstone and other resources projects are creating thousands of jobs in the area but have also increased pressure on existing housing stock in Onslow,” he said.
“This agreement will help ease pressure and ensure that small businesses and locals have access to suitable accommodation.”