paige walker general manager, residential … · 6/7/2017 · private sector innovation the right...
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PAIGE WALKERGENERAL MANAGER, RESIDENTIAL DEVELOPMENT WA
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HOW CAN WE ADDRESS AFFORDABLE HOUSING?
• Increased supply• Government initiatives• Private sector innovation• Institutional built to rent
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Government initiatives
• Stamp duty abolishment• Key Start• National rental
affordability scheme
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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
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Built to rentPart of the range of efforts which unlock supply and in that way helps to address affordability.
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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
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Thank you