- Eight developments receive funding through Infrastructure Development Fund to support 363 new apartments in Perth
- 57 residential development projects now funded, with more than $37 million committed
- New Cockburn Central project to deliver 109-apartment mixed-use development
The Cook Government’s Infrastructure Development Fund will support a further 363 new apartments across suburban Perth with eight successful projects announced today as part of a $3.63 million investment.
Under the $80 million Fund, the Cook Government is supporting eligible projects to address upfront costs for essential services and infrastructure such as connection to electricity, water and sewerage.
Since establishment, the Fund has allocated $37 million to support 57 residential development projects with a potential yield of more than 3,700 apartments.
The new projects include a mixed-use development in Cockburn Central, which will deliver 109 apartments as well as a hotel, a lodging house and commercial floorspace.
The development will receive up to $1.09 million with a maximum of $10,000 allocated for each residential apartment to connect to essential services.
Other projects supported by this round of funding include new developments in Midland, Shenton Park, Fremantle and Sorrento.
Applications for the Fund remain open until 6 September 2024, or until funds are exhausted.
For more information visit wa.gov.au/Infrastructure-Development-Fund.
Comments attributed to Planning and Lands Minister John Carey:
“The Cook Government is committed to supporting projects that help accelerate and broaden the availability of accommodation supply in Western Australia.
“The Infrastructure Development Fund covers costs up to $10,000 for each residential apartment, to help alleviate some of the upfront constraints in connecting water, wastewater and electricity services.
“Construction is underway on projects that will deliver 564 of those new apartments and another nine projects are expected to commence construction shortly.
“This Government continues to work with service providers, local governments and industry to unlock and create a future pipeline of medium-to-high density infill developments.”
