Downsizers have the opportunity to buy new affordable apartments developed by the Western Australian Government in an inner-Perth suburb.
Construction has started on 22 new Claremont apartments, near Loch Street train station, which will support an estimated 35 jobs and potentially generate $13.7 million in economic activity.
The Pavillion on Ashton development includes one, two and three-bedroom apartments for a range of homebuyers, including younger people wanting to buy their first home close to amenities and downsizers hoping to stay in the area.
Opportunities exist to purchase affordably priced units below the median unit price for Claremont, with single-bedroom properties expected to start from $390,000.
Two properties are allocated for social housing to cultivate a diverse community.
"The site's proximity to retail precincts, schools and public transport will attract homebuyers consisting of single professionals, as well as seniors and small families,” Housing Minister Peter Tinley said.
Located on the corner of Ashton Avenue and Mofflin Avenue, the development is just 250m from the Loch Street train station and 250m from a bus route running along Alfred Street to the north.
Future residents need only stroll 100m to the post office, dentist, medical centre, specialty shops and 800m to the Mt Claremont Farmers' Market.
The WA Department of Communities selected Yolk Property Group to develop the contemporary and affordable apartments which will be built by BGC. The apartments are expected to be complete by late 2021.
A Department of Communities spokesperson said the properties could be provided at any affordable price, because the Department didn’t look to make the sort of profit a private company would seek.
“Our objective is to provide affordable housing where it’s needed, hence the lower prices. Our share of the profits go towards building more social and affordable housing and maintaining our existing public housing stock,” the spokesperson said.
Ashton Avenue is part of the State Government's $394 million METRONET Social and Affordable Housing and Jobs Package - a major investment in housing aimed at building liveable and connected communities close to transport infrastructure.
Disability Services Minister Stephen Dawson said: “Ashton Avenue incorporates universal access standards such as wide access ways, entries and lifts to ensure that people with accessibility impairments can easily move in and around the development.”
"Furthermore, eight of the apartments will be specifically designed with accessible features, making them easier to enter and navigate, and to be adapted to meet the changing needs of residents over time."