SALES for a $51 million residential development in Greenwood were officially launched yesterday.
The three-storey project on the site of the old East Greenwood Primary School, which is a partnership between the Department of Communities and Frasers Property Australia, will create 138 homes by its completion in 2020 and is expected to generate and support up to 150 jobs during its construction phase.
These homes will include 46 single-storey and 54 double-storey houses, 32 one and two-bedroom apartments across two buildings and six one-bedroom walk-up apartments.
Housing Minister Peter Tinley officially opened the development’s display home, showcasing a range of innovative sustainable design features, and launched sales with an initial release of 16 homes priced from $350,000 to be available from this Saturday.
At least 20 of the 138 houses and apartments will be available through the State Government’s shared equity initiative for homebuyers on low-to-moderate incomes and 15 will make up the social housing component.
“Many low-to-moderate income earners in WA struggle to access affordable housing in established suburbs,” Mr Tinley said.
He said the State Government was helping to improve this issue by building residential developments such as East Green.
“The median house price in Greenwood is out of reach for many Western Australians,” he said.
“East Green closes this gap in the market, delivering diverse housing options at an affordable price.
“Its mix of housing offers opportunities for downsizers wanting to stay in their local community, first homebuyers who want to buy in a well-connected location and families who, up until now, have been priced out of the market.
“By partnering with the private sector to develop government land, we offer a new chance for affordable home ownership in established suburbs while minimising the impact on net debt.”
The project has also earned Frasers Property Australia a Five Star Green Star Communities rating from the Green Building Council of Australia.
This recognises its community engagement throughout the design process, including consultation to ensure the development preserved Greenwood’s history and natural amenity.
It also rewards the project’s commitment to retain more than 100 fully-grown native trees, with a further 100 to be planted, and its house design with low energy, renewable materials and water-wise gardens.
“Frasers Property believes strongly in the benefits of sustainable communities and East Green will stay true to its name by delivering a green and genuinely sustainable community in the heart of Greenwood,” WA residential general manager Stuart Gardiner said.
“Liveability was a significant focus in the design process, which is why the entire community will be interconnected via footpaths to improve access and connectivity with the wider community.
“Another key feature differentiating East Green from other developments is that over 25 per cent of the entire site has been dedicated to public open space.”
East Green is within 2km of schools, shops and a medical centre, has three bus routes within walking distance and Greenwood and Warwick train stations are within five minutes driving distance.
Construction on the first stage of housing is expected to begin in February 2018.
The display home at 63 Mulligan Drive will be open to the public from 1pm to 4pm this Saturday and Sunday.