WA government underwrites new apartment builds to combat ‘market failure’

Western Australia's government announced a $250 million initiative to underwrite new apartment builds to combat high-density housing market failures. Premier Roger Cook stated the plan aims to fund up to 1,200 apartments by guaranteeing the purchase of 50 percent of off-the-plan units, a measure expected to boost private investment and expedite construction amidst rising housing pressures.

Summary by Glance · Brisbane Times