paige walker general manager, residential … · 6/7/2017  · private sector innovation the right...

PAIGE WALKERGENERAL MANAGER, RESIDENTIAL DEVELOPMENT WA

HOW CAN WE ADDRESS AFFORDABLE HOUSING?

• Increased supply• Government initiatives• Private sector innovation• Institutional built to rent

Government initiatives

• Stamp duty abolishment• Key Start• National rental

affordability scheme

Private sector innovationThe Right Start by Mirvac – Case Study

Addresses two key obstacles faced by FHB:› High deposit; and › Competition

Pre-qualified FHB offered:› Priority access to purchase› 10% deposit paid over 2 years › Referral to a mutual banking society

Piloted at Pavilions with most apartments selling on the day

Built to rentPart of the range of efforts which unlock supply and in that way helps to address affordability.

AffordabilityCost of Living – Case Study

House with no Bills

- Designed to reduce or eliminate the cost of utilities (renewable energy and smart technology)

- Family to live rent and bill free for 12 months to collect data

- Pursuing innovative mortgages (“sustainable”, key worker etc) with several banks

- Learnings to be implemented more broadly

Thank you