Council explores opportunities to tackle housing availability
29 Nov 2019
At the November Council meeting, Council agreed the current undersupply of residential properties and the City’s anticipated population growth due to multimillion dollar investments in the region over the next few years was a concern.
City of Karratha Mayor Peter Long said only a handful of new dwellings had been built in recent years and there was currently less than 1.5 percent of housing stock currently available, compared to seven percent over the past five to six years.
“Council is concerned the current undersupply of residential properties driving up rent and purchase prices could worsen considerably over the next few years if preventative measures are not taken,” Cr Long said.
“With a growing number of people choosing to live in the City and more than $65 billion of investment in resource-related projects over the next few years, Council believes housing availability is a critical issue for our community.”
“Failure to address undersupply could see a spike in rent and purchase prices which is not a desirable or sustainable outcome for the community.”
“A few years ago housing availability and affordability was the number one issue identified by our community in the City’s annual survey for Council to address.”
“While work is being done by other stakeholders, progress is slow moving; Council is taking a proactive approach to this issue and is willing to invest significant financial resources to address the issue.”
“While we recognise this may not traditionally be a local government responsibility, the City has the capacity to move quickly to alleviate housing stress and recognises that housing availability is a key component of achieving our vision to become Australia’s most liveable regional city.”
City officers are meeting with key stakeholders, including state and federal government representatives, government departments, resource companies, major land owners, real estate industry bodies and local developers and builders to assess potential development prospects.