Is a quarter-billion-dollar spend enough to boost this state's housing supply?
A new $250m Keystart pre-sale guarantee could unlock stalled Perth apartment projects, but without deeper finance reforms, supply gains may fall short.
Perth apartment projects face feasibility hurdles, with new government support aiming to get more developments moving. (Image source: Adwo/Shutterstock.com)
Last week’s announcement of a new Pre-sale Guarantee Scheme by the Western Australian State Government, to be delivered by Keystart, is another small step toward addressing the state’s persistent housing supply challenges.
The property development industry, like many sectors, is grappling with feasibility constraints, construction cost escalations, skills and material shortages, and this latest initiative represents a meaningful attempt to shift…
