00:02When big dollars are being promised, it's hard to keep politicians away.
00:06This is a significant funding package, the biggest.
00:09We are absolutely focused on delivering more homes for Western Australians.
00:14You name it, we're doing it.
00:16The $2 billion package focused on freeing up land, installing infrastructure and younger buyers.
00:23We're going to deliver 34,000 desperately needed homes here in Western Australia,
00:2811,000 of those will be set aside just for Western Australian first home buyers.
00:33There's a lot of numbers coming folks, I do apologise.
00:37$522 million will go towards delivering water and power to outer Perth suburbs and southern parts of the state.
00:44A further almost $700 million for land development works at MetroNet stations and regional WA.
00:51The joint funding also includes $375 million for a state led build to sell program.
00:59That's expected to see the construction of 500 new homes exclusively for first home buyers.
01:06Government is not only contracting the build, but then partnering with the first home buyer to actually buy those homes.
01:13Supported by a key start program where the government takes a 35% equity share.
01:19Another $250 million is to incentivise the private sector to build multi-unit developments offering affordable homes for first home
01:28buyers.
01:29The state government pledging a separate $13 million to attract the required workforce.
01:34We've seen growth in the workforce. We're building more homes now. We've grown from building 10,000 homes in 2020
01:41to delivering 22,000 homes a year now.
01:43But these are the sorts of sums of money that should have been allocated throughout their 10 years.
01:49Not all in one hit as this state government plays catch up.
01:53The joint funding part of a $4.7 billion spend on housing and homelessness measures in this week's state budget.
02:00The joint funding part of a company should have gone to a key start for a year forward, but of
02:03course, that's a key start for a business business.
02:07I want to ask you to venture into a company's economic development.
02:07Key to use your financial investment.
Comments