State buys another whole complex south of Perth for public housing
Housing and Works Minister John Carey announced the state government, using money from the Commonwealth's Social Housing Accelerator fund, had purchased 38 new apartments in North Coogee, currently under construction by developer PARC for $23.45 million.
The complex includes 12 one-bedroom, 24 two-bedroom, and two studio apartments and is due for completion late next year, when a community housing provider will be appointed to run it.
The average cost of each dwelling under the purchase price is about $620,000.
The purchase comes less than a week after Carey announced the $105 million whole acquisition of the Fraser Suites tower in East Perth, which contains 236 luxury apartments.
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Carey said the purchase resulted from a public call for more social housing in the state last year, with PARC offering its project for consideration.
'Our Call for Submissions process allows industry to work with the state government to deliver more social and affordable housing, including by employing innovative construction methods,' he said.
'This is a great result from private industry and different levels of government working together to increase housing supply, especially for the most vulnerable in our community.'
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