- Twelve developments receive funding support from Infrastructure Development Fund
- A total of 653 apartments to be delivered across the 12 developments
- A total of $6.53 million will be provided in the first tranche
- Funding will subsidise the upfront costs of connecting water, electricity, and sewerage
More than 600 new apartments across 12 separate projects have received a major boost thanks to the first round of funding from the State Government’s $80 million Infrastructure Development Fund.
The Infrastructure Development Fund was set up to address the upfront cost associated with connecting essential infrastructure such as water, electricity, and sewerage. Funding will be paid directly to the infrastructure provider.
Successful applicants will benefit from a rebate of up to $10,000 for each apartment in a multiple-dwelling complex, with the funding to be provided directly to the infrastructure provider.
A total of $6.53 million will be provided in the first round, supporting construction of 653 apartments in Burswood, Cannington, Como, Maylands, Mount Pleasant, Nedlands, North Fremantle, West Leederville, West Perth and Woodlands.
The Infrastructure Development Fund opened for applications in March this year, with funding available for metropolitan and regional housing projects across three program streams.
Funding has been allocated equally, with $40 million available for Perth developments in priority infill areas – such as METRONET station precincts and Housing Diversity Pipeline sites – and $40 million available for worker accommodation opportunities in regional areas.
The Infrastructure Development Fund is one of a number of initiatives being progressed by the State Government to assist in delivering more infill housing including the:
- $55 million Infill Sewerage Fund;
- reforms to streamline the planning system and boost housing supply throughout; and
- extension and expansion of the off-the-plan transfer duty rebate.
The Department of Planning, Lands and Heritage is administering the fund. Applications are open until 6 September 2024, or until funds are exhausted.
For eligibility guidelines and to apply, visit www.wa.gov.au/infrastructure-development-fund
As stated by Deputy Premier Rita Saffioti:
“We have had a fantastic response to the $80 million Infrastructure Development Fund, with applicants seeking funding for a diverse range of housing developments, in both Perth and the regions.
“This first release of funding will help unlock the development of 653 apartments in established Perth suburbs, signalling the start of a pipeline of medium and high-density housing projects which will provide greater housing choice and create vibrant, well-connected urban communities.
“Supporting new medium and high-density housing development will promote urban consolidation, housing diversity and activation in priority infill locations.”
As stated by Planning Minster John Carey:
“Our Government is doing everything we can to boost housing supply in Western Australia including through reforms that encourage urban infill and regional land supply.
“The $80 million Infrastructure Development Fund is a key part of our Government’s efforts to help the industry with significant up-front costs involved in establishing essential infrastructure for housing developments – which we know has delayed projects throughout WA.
“We have allocated $40 million in funding to metropolitan projects to help remove some of the barriers that hinder progression of medium and high-density development in Perth’s established suburbs.
“This initial funding release of $6.53 million – through the targeted apartment rebate – will help twelve applicants to get on with delivering these projects, which are crucial in bringing new housing to the market as quickly as possible.”
Planning Minister’s office – 6552 5300
