Brief – 10 May 2010 – Stockland once again has affordable housing in its sights with the announcement late last week that it will offer discounts of around $30,000 on over 100 of its home and land packages in Western Australia, this time with the help of the Rudd Government.
As reported by The Fifth Estate, Stockland earlier this year released 10 house and land packages in Melbourne that sold out in the first day. In that instance the land and house size were smaller than average, and sold for only $269,000, compared to the average house price of $485,000.
In its latest packages, the discounts have been made possible by the Rudd Government’s Housing Affordability Fund.
The two Stockland projects, Newhaven and Settlers Hills, have been granted a total of $3.25 million as part of the Government’s investment to unlock housing supply and bring new land to market faster in Western Australia.
Newhaven was granted $1.75 million to assist in the relocation of existing power infrastructure to enable development at the Newhaven Town Centre, delivering savings of over $29,500 to eligible buyers of 59 homes.
Settlers Hills was granted $1.5 million to construct Nairn Drive as part of the Baldivis Town Centre in Settlers Hills. This will deliver $30,000 savings to eligible buyers of 50 homes.
Stockland General Manager WA, Graham McArthur, said Stockland was committed to bringing land to market as quickly as possible and pleased to have been given assistance by the government to achieve this.
“We are working with our partner builders to deliver new, innovative products on the ground that cater to a range of budgets and needs. These government funds will allow us to do this more quickly, as well as pass on significant savings to the people who need it most – our customers.”
A wide range of home and land packages are now selling at both Newhaven and Settlers Hills.