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Innovative development delivers more affordable housing

Cockburn Living Space

Living Space is a transport-oriented development (TOD) located only 200m from the Cockburn train station and close to a major shopping centre, as well as education and the Murdoch health precinct, which includes the new Fiona Stanley Hospital.
 
Director General Grahame Searle said that the development offered a range of affordable housing options for those on modest incomes.
 
“Living Space is a five building, 136-unit mixed residential and commercial development comprising one, two and three bedroom units that will provide both home ownership and rental opportunities to meet a range of households,” he said.
 
“Twenty-five units are being sold through the Department’s Opening Doors Affordable Sales Program, with a large proportion of these being offered under the shared home ownership scheme.
 
“A key innovation is also the allocation of 52 units for a trial affordable rental program for key workers that meet certain income and asset eligibility criteria. These units will be rented at 20 per cent below the market rent.”
 
Six units in the development will be leased for commercial use, and 26 allocated for social housing. Four units have also been allocated for sale to social housing tenants transitioning to home ownership.
 
Mr Searle said public response to the development has been outstanding. “Phase One and Two sale of units under the Opening Doors Program have almost sold out with a similar response expected for 23 units to be sold as part of the third and final phase in May,” he said.
 
“The affordable rental units have also proved very popular with the first tenants having moved in recently.”
 
Mr Searle said a mix of integrated rental facilities and private ownership was being offered for the first time on this scale in a single development by the Department of Housing.
 
“The allocation of affordable rental properties complements other initiatives under the State’s Affordable Housing Strategy 2010-2020: Opening Doors to Affordable Housing,” he said.
 
“The development is the result of a successful publicprivate partnership with Probuild Australia and is an excellent example of the significant affordable housing outcomes that can be achieved through innovative cooperation.
 
“Living Space is a unique development that will be used by the Department as a template for future developments. “This mix of affordable rental, social rental, commercial rental, and home ownership opportunities is designed to be financially sustainable over the long term.”
 
Living Space is one of the first multi-storey residential developments in Western Australia to be connected to the National Broadband Network (NBN) and one of the largest six-star energy rated residential developments in the state.
 
Further information about the affordable sale and/or rental options can be obtained by calling 1300 761 885 and at www.livingspacecockburn.com.au
 
Please note: The current allocation of affordable housing has been sold.

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