REIWA has welcomed the Western Australian Government's announcement of a $434.5 million funding injection to boost housing supply in the State.
The funding was announced as part of the Government's Mid-Year Review and targets increasing social housing, increasing the construction workforce, and providing assistance to renters.
REIWA President Suzanne Brown said the commitment recognised the significant demand for housing in WA and the urgent need for more new homes.
"WA has experienced strong population growth for several years, with the latest figures from the ABS showing our population grew by 2.2 per cent in the year to June. This has led to sustained pressure on both the rental and established homes markets," she said.
"While it is positive to see new home approvals and completions rising in 2025, demand is still outpacing supply. We need to more homes built if we are to relieve affordability pressure for renters and buyers, and we commend the Government's efforts to boost housing supply through a variety of means, including supporting critical enabling infrastructure, increasing land supply and growing the construction workforce."
Ms Brown also welcomed the further investment in social and affordable housing.
"An increase in social housing supply is something REIWA has consistently called for and we acknowledge the Government's efforts in this area," she said.
"Expanding social and affordable housing not only supports those most in need, it also eases pressure on the private rental market, where supply remains tight, particularly in inner and middle suburbs."
Ms Brown also acknowledged the extension of the WA Rent Relief Program to 20 June 2026, noting it provided vital short-term support for tenants experiencing financial stress.
"This program helps keep people housed who may otherwise face eviction, which benefits tenants, landlords and the stability of the market as a whole," she said.
