East Green exceeds its affordability objectives!
East Green is designed to generate social and community benefits through the provision of affordable and diverse housing options that cater to different lifestyles and budgets.
With an objective to achieve affordable housing outcomes, the project sought to provide a minimum of 15% land at or below the affordable price point to local households on low-to-moderate incomes, with a minimum of 80% of the land to be sold below the median price point, and 30% below the lower quartile, based on figures from the Real Estate Institute of Western Australia*.
An analysis of East Green sales shows that the project exceeded expectations from an affordability perspective, with 57% of land sold below the affordable price point, 79% of land sold below the lower quartile, and 84% of land sold below the Greenwood median^.
Civil works at East Green are now complete and the construction of new homes is progressing well on site.
*https://reiwa.com.au/ ^Sales figures sourced from Frasers Property Australia, March 2021.
For additional information on any aspect of the development contact us by phone on 13 38 38 or by email at firstname.lastname@example.org.