A $116 million Regional Land Booster package is set to drive investment in regional Western Australia, boosting the economy, creating regional jobs and assisting regional businesses to recover from the impacts of COVID-19.
The McGowan Government, through Development WA, will make land more affordable for 1,095 development-ready industrial, commercial and residential lots across WA, saving land buyers a combined $116 million.
Lands Minister Ben Wyatt today announced the first stage of the package in the Pilbara where the Regional Land Booster package will apply to 376 lots across nine projects, including four estates in Karratha.
At Madigan Estate in Karratha residential lots will now be available from $95,000, a saving of $24,000.
The Regional Land Booster package will also apply to other Pilbara estates including Tambrey Mixed-Use, Gap Ridge Industrial and Gap Ridge Bulky Goods, Newman Residential, Onslow Residential, South Hedland's Town Centre and Port Hedland's Hedland Junction Industrial estate.
The package will be rolled out to other WA regions over the coming weeks.
Delivering more affordable land in regional areas is expected to stimulate the regional building and construction sector, driving business investment and creating regional jobs.
The Regional Land Booster package comes in addition to the State Government's $20,000 Building Bonus Grant and the Federal Government's HomeBuilder grant.
Eligible land buyers will also be able to take advantage of up to $69,000 in grants through these State and Commonwealth grants.
For more information visit: http://www.developmentwa.com.au/
As stated by Lands Minister Ben Wyatt:
"The Regional Land Booster package will provide a major boost to regional WA's COVID-19 economic recovery and support regional jobs through new residential and industrial developments.
"The package is expected to provide further incentives for FIFO workers to relocate to WA, with Government grants and other initiatives making now the best time to build a house in WA.
"Increased land sales will secure a pipeline of work for the region's building and construction sector, supporting regional jobs and suppliers in this difficult time.
"It will also help support the establishment of new regional industrial, commercial and tourism businesses, providing long-term business and employment opportunities for the regions.
"Eligible land buyers can also save themselves up to a further $69,000 through the various Government initiatives on offer, making it much more affordable than before to build a house in WA."
As stated by Regional Development Minister Alannah MacTiernan:
"This access to affordable land is what Pilbara residents and businesses have been crying for.
"The McGowan Government is comprehensively delivering for regional people and business right across WA through this important package."
As stated by Pilbara MLA Kevin Michel:
"I've been working with the Minister for Lands for some time to improve land affordability in the Pilbara and I'm delighted that he has taken action.
"The McGowan Government is committed to our regional community and as a team we are working hard to deliver on our plan for jobs, tourism and infrastructure in the Pilbara."
