On Thursday, May 12 2022 Premier Mark McGowan handed down his second budget surplus as WA Treasurer, and the Government’s sixth budget since taking office in 2017.
Shelter WA has put together this budget analysis and overview of some of the housing and homelessness provisions.
A new range of tax and planning incentives to increase affordable housing supply are welcome, including incentives for build-to-rent developments and density bonuses for developments to include at least five per cent of social housing. New shared equity products through Keystart for METRONET precincts and priority urban infill are good initiatives.
“Increased investment to spot purchase homes to increase social housing supply is very welcome.”
However, it will be some time for these to deliver additional homes on the ground. Shelter WA looks forward to working with the WA Government for innovative and achievable solutions in the interim.
We urge government and industry to continue to maximise these incentives by harnessing the strengths of the community housing sector as a key delivery partner. Shelter WA will continue to advocate for a range of incentives such as access to land, grants and assets for the sector to increase supply and to facilitate more Commonwealth investment into housing in WA. This will ensure a diversity of high-quality rental homes that are affordable to people at the lower end of the market.