The Western Australian government has announced plans to invest more than $100 million in a new 30-storey build-to-rent apartment tower in Perth’s CBD, as part of its broader strategy to address the state’s ongoing housing shortage.
The development will be constructed on Roe Street, adjacent to Perth Arena, and is expected to deliver 174 one- and two-bedroom rental apartments. According to the government, 139 apartments will be allocated for affordable housing, while 35 units will be designated as social housing, providing greater access to accommodation for lower-income residents and vulnerable groups.
The building is expected to be completed by 2029.
The government said the project is one of 21 currently under construction across Western Australia, with a total of 1,500 apartments set to be made available.
Housing minister John Carey said the state government was “throwing everything” at accelerating housing supply across WA, with support from the federal government’s Housing Australia Future Fund.
“Never have we seen in our state’s history so many build-to-rent projects underway,” Mr Carey said.
“These are the kinds of projects that we want … close to amenities, close to jobs.
The project forms part of 21 housing developments currently under construction across Western Australia, which are collectively expected to deliver around 1,500 apartments. Officials believe these developments will help ease pressure on the rental market while creating housing options close to jobs, public transport, and key amenities.
Build-to-rent developments are purpose-built residential projects designed specifically for long-term renters rather than individual property owners. Typically funded by institutional investors, developers, or superannuation funds, the model has been gaining momentum as governments seek new ways to increase housing supply in high-demand urban areas.
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