Western Australia Minister for Housing Troy Buswell
Students To Benefit From 1,000 New Affordable Dwellings
Victor P Taffa
University of Western Australia (UWA) students from a variety of backgrounds will benefit from 1,000 new units funded through round three of the National Rental Affordability Scheme (NRAS).
Housing Minister Troy Buswell said the State Government would provide funding of $2,285 per unit indexed per year for the next 10 years, in addition to the incentive provided by the Federal Government.
“These units will provide students who are from a low socio-economic background, indigenous, relocating from rural and remote areas to Perth have a disability or are women enrolled in non-traditional disciplines with a place to call home while studying.” Mr. Buswell said.
“NRAS provides rental accommodation for low to middle income earners, and conditions have been placed on UWA’s application to ensure those most in need will benefit from these new units.”
“Students often experience financial stress during their years of study, so the provision of 1,000 new units will significantly increase the low-cost accommodation available to them.”
“The housing will also be made available to tenants other than students.”
The Minister said 3,100 NRAS incentives had been supported in WA, with more expected in the future.
“NRAS has been very successful in this State, demonstrated by the fact we have 17,000 applications vying for the remaining 1,900 places.” Mr. Buswell said.
“Due to this success, I have written to the Federal Minister to request an additional 5,000 NRAS incentives for WA.” Mr. Buswell said.
The NRAS was introduced in 2008 by the Federal Government to increase the number of new affordable rental options. NRAS dwellings are made available at 20 % below market rates.
UWA is considering appropriate sites for the proposed development, with most of the dwellings to be located adjacent to the university in the current residential college area.