The Age
·general
·2 hours ago
WA government underwrites new apartment builds to combat ‘market failure’
Western Australia’s government will underwrite new apartment builds to tackle high-density housing market failure, allocating $250 million. Premier Roger Cook described the initiative as an “elegant” solution, seeking to fund up to 1200 apartments through guarantees on unsold units. The program aims to ease strict bank financing requirements, facilitating development in a challenging market.
Summary by Glance · The Age
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