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Affordable student accommodation eases pressure on rental market

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The Hon Tony Burke MP Minister for Sustainability, Environment, Water, Population and Communities

Affordable student accommodation eases pressure on rental market

Media release 28 March 2011

Five new housing projects in Western Australia, providing 1000 new affordable rental homes for university students will be backed by the Gillard Government.

Sustainability and Communities Minister Tony Burke today announced approval of new student accommodation for the University of Western Australia which will provide students with affordable housing and ease pressure on the region's rental market.

"The Gillard Government understands there is a shortage of rental properties around the country and that's why we are investing in affordable housing for Australian communities and families," Mr Burke said.

"Providing targeted accommodation for students improves the supply of affordable rental housing in suburbs surrounding universities.

"Importantly, the projects also incorporate sustainable building design to maximise energy efficiency and provide a comfortable environment with reduced running and infrastructure costs."

The Gillard Government, in partnership with the Western Australian Government, will support construction self-contained apartments at Crawley, Nedlands and at Claremont.

The projects will be delivered by the University of Western Australia.

Construction has already started on 400 apartments at Crawley which will be available for students to move into at the start of the 2012 academic year. The other projects are expected to be completed by mid 2012.

The 1,000 new homes are being delivered under the Gillard Government's National Rental Affordability Scheme which is providing 50,000 new affordable rental dwellings across Australia and complements other student accommodation projects approved under the Scheme in the ACT and Victoria.

More than 3,000 National Rental Affordability Scheme homes have already been delivered nationally.

Successful applicants receive incentive payments for offering rental properties to low and moderate income families at a rate that is at least 20 per cent below the prevailing market rate.