Two newly approved high-rise towers in Perth city are set to dramatically change the skyline, bringing hundreds of new homes to the area. The development, which includes build-to-rent (BTR) and social housing components, has been greenlit by the state government.
Project Details
The project comprises two towers: one 40-storey and another 30-storey, located on Wellington Street. In total, they will deliver over 500 dwellings, with a mix of market-rate BTR apartments and social housing units. The development is a joint venture between a private developer and a community housing provider.
Affordable Housing Component
At least 20% of the apartments will be allocated as social housing, managed by a registered community housing provider. This aligns with the state government's push for more affordable housing options in the city centre.
The towers will also include ground-floor retail spaces, communal areas, and rooftop gardens. Construction is expected to begin in early 2025, with completion slated for 2028.
Impact on Perth's Skyline
The towers will rise near the Perth Arena and the Perth Underground station, adding to the growing cluster of high-rise buildings in the city. Urban planners have praised the project for its contribution to urban density and housing diversity.
The development is part of a broader trend of BTR projects in Perth, which aim to provide long-term rental accommodation with professional management. The social housing component ensures that lower-income residents can also benefit from living in the city centre.
Community Response
Local community groups have expressed cautious optimism, noting the need for more affordable housing. However, some concerns have been raised about the potential impact on traffic and local infrastructure. The developers have committed to working with the City of Perth to address these issues.
The project is expected to create hundreds of jobs during construction and ongoing employment in property management and retail.
