Daily BulletinHoliday Centre

Real Estate

  • Written by Brian Greig


Perth 15 July 2015

The Real Estate Institute of Western Australia has welcomed news from the State Government that it had met its target for construction of affordable homes early.

Yesterday, Premier Colin Barnett said his government had delivered on 20,000 new homes for people on low and moderate incomes over the last five years.

This included 10,000 low-deposit Keystart home loans, 1,900 shared equity homes, 2,700 discounted private rentals and 5,400 social housing properties.

REIWA President David Airey said the government’s affordable housing program helped many people into a home of their own or a more secure rental.

Cost of living in WA is higher than most parts of the east coast, so any program that helps people to live more comfortably around the state is very important. It helps those on modest incomes to own their own home and it contributes to better communities,” Mr Airey said.

Mr Airey said REIWA members often helped first home buyers using the Keystart home loans scheme or managed private rentals where tenants received a government subsidy to assist with rental costs.

The Premier has committed to a new target of 30,000 affordable homes by 2020.

"This strategy has changed the lives of thousands of West Australians by giving them a place to call home but there is still more to be done," Mr Barnett said.

"The strategy has worked across the housing spectrum, from affordable land and housing sales and Keystart home loans to social housing and affordable rentals," Mr Barnett said.

Mr Airey said that while REIWA was a strong advocate of private home ownership, it recognised the need for adequate affordable, social and community housing.

Not everyone is in a position to secure a mortgage and maintain loan repayments, so as a society and community it’s important to take reasonable steps to ensure fairness and do what we can to prevent homelessness and improve housing affordability,” Mr Airey said.

According to the State Government, Keystart has provided nearly 60,000 low-deposit loans over the past 25 years, with 86 per cent of current borrowers being first homebuyers.

The Department of Housing and its partners have delivered 15 per cent of all land supply in WA over the past five years, with an average of 80 per cent below the median land price for Perth.

INTERWEBS DIGITAL AGENCY

The Conversation

Politics

Closing the Gap Statement to Parliament

Mr Speaker, when we meet in this place, we are on Ngunnawal country. I give my thanks and pay my respects to our Ngunnawal elders, past, present and importantly emerging for our future. I honour...

Scott Morrison - avatar Scott Morrison

Prime Minister Interview with Alan Jones

ALAN JONES: Prime Minister, good morning.    PRIME MINISTER: Good morning, Alan.    JONES: I was just thinking last night when we're going to talk to you today, you must feel as though you've ...

News Company - avatar News Company

Prime Minister Bridget McKenzie press conference

PRIME MINISTER: Good afternoon everybody. The good news is that the Qantas flight is on its way to Wuhan and I want to thank everybody for their cooperation, particularly the Chinese Government as...

Scott Morrison - avatar Scott Morrison

Business News

Choosing the Right Coworking Space For Your Business

As the capital of Victoria in Australia, Melbourne is inhabited by millions of people and is known as one of the most liveable cities in the world. The latter is due to the city’s diverse community...

Sarah Williams - avatar Sarah Williams

What Should You Expect from A Carpentry Apprenticeship?

Those wanting to pursue a career in woodwork, whether it be to make furniture, construct buildings or repair existing wooden structures, will have to first commence a carpentry apprenticeship. This ...

News Company - avatar News Company

4 Tips To Choosing A Reliable SEO Company For Your Digital Marketing Agency

Working with a digital marketing agency Perth is the best bet in ensuring that your business is promoted well in the online space. If you are an app developer Perth, you may have to work closely wit...

News Company - avatar News Company

Travel

Travelling With Pets? Here Is What You Should Know

Only a pet parent can understand the dilemma one experiences while planning a vacation. Do you leave your pets at home?  Will you get a pet sitter or someone to take care of them while you are away?...

News Company - avatar News Company

How to Be a Smart Frugal Traveller

You are looking through Instagram, watching story after story of your followers overseas at a beach in Santorini, walking through the piazza in Italy, and eating a baguette in front of the Eiffel ...

News Company - avatar News Company

HOW TO PREPARE FOR YOUR GRADUATION TRIP

Graduation is the stage of life when a student receives the rewards of hard work of years. It must have taken sleepless nights and tiring days to achieve the task. Now, as you have received your cov...

News Company - avatar News Company

ShowPo