WA Property Council talks up development, villages and seniors accommodation to make up for mining
With the state election in March, the Property Council has revealed its election platform which it says will help the $31.8B industry fill the economic gap left by the resources boom. It lists 16 policy priorities including setting retirement living...
With the state election in March, the Property Council has revealed its election platform which it says will help the $31.8B industry fill the economic gap left by the resources boom.
It lists 16 policy priorities including setting retirement living housing targets; stamp duty discounts for seniors downsizing from a family home; and re-zoning existing retirement villages to provide more housing options in Perths middle ring suburbs.
Executive director Lino Iacomella (pictured) said a key barrier was the need to reform the Retirement Village Act to allow mixed-use development and encourage more vertical retirement villages and re-development of current villages.
This means an existing village can redevelop to include convenience retail, café, aged care or other on site services to provide greater amenity in a village be it traditional single storey residential or in a new higher density high rise development, Mr Iacomella said.
The Property Council says new development contributes a huge $6.4B in taxes to the economy while creating nearly 206,000 jobs and paying $11.7B in wages.
