In response to a concerning shortage of vacant rentals in Western Australia, the state government has implemented a novel approach to address the housing crisis.
With an unusually low number of available rental properties, many West Australians are struggling to secure housing.
Western Australia Premier Roger Cook has announced a unique initiative:
“So we’re doing something a bit different. We’re offering $5,000 incentives to private owners of vacant properties to put their empty home on the long-term rental market.”
To combat the rental housing crisis, the WA government has announced a new initiative offering $5,000 incentives to private owners of vacant properties.
The aim is to encourage these property owners to put their empty homes on the long-term rental market, thereby increasing the availability of housing options for those in need.
Under the program, eligible property owners can receive payments for each vacant property they agree to rent out on a long-term basis. To qualify, owners must commit to providing a minimum 12-month lease agreement to new long-term tenants.
This initiative targets underutilized properties that have remained vacant for extended periods, despite the growing demand for housing in the region.
By incentivizing property owners to make their homes available for long-term rental, the Cook government hopes to provide stable housing solutions for Western Australians who require them the most.
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