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Multimillion-dollar package set to benefit regional WA investors

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1 minute read

Multimillion-dollar package set to benefit regional WA investors

by Emma Ryan 16 July 2020 1 minute read

The Western Australian government has rolled out a new land package that aims to drive growth in the state’s regional areas.

Multimillion-dollar package set to benefit regional WA investors
July 16, 2020

Announced this week, the McGowan government, through Development WA, has launched a $116 million Regional Land Booster package.

The package aims 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”.

Stage one of the package will apply to 376 lots across nine projects in the Pilbara region, including four estates in Karratha.

“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,” a statement from the government confirmed, noting that the package will be rolled out to other WA regions over the coming weeks. 

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“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,” said Lands Minister Ben Wyatt.

“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.”

Regional Development Minister Alannah MacTiernan added:

“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.”

Multimillion-dollar package set to benefit regional WA investors
Multimillion-dollar package set to benefit regional WA investors
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About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of content at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]Read more

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