In the lead-up to the Western Australian election, housing policies have taken centre stage, with the major parties unveiling plans to address the state's housing challenges.The Labor Party has prioritised building social housing, aiming to construct 1000 new homes annually.Additionally, the ALP has pledged $50 million to expedite construction times and $19.5 million to support the homeless.
Housing policies have taken centre stage ahead of the WA election. (Louie Douvis/AFR)The Liberal Party has also committed to building social housing, but specific details regarding the number of homes to be constructed remain undisclosed.Their plan includes allocating $100 million to encourage downsizing for individuals residing on large properties and another $100 million to provide 100 regional homes for government workers.The National Party has pledged a significant investment of $1 billion to build 1000 new homes for regional government workers, along with $10 million to combat homelessness.Meanwhile, the real estate market in Western Australia has experienced a slight decrease in available properties for sale, with 4,829 homes on the market this week.However, there has been an uptick in sales, with 1,079 properties sold or under offer. Baldivis, Gosnells, Perth, and East Perth emerged as the top-selling suburbs.At the higher end of the market, a four-bedroom, two-bathroom home in Wembley Downs sold for $3.2 million, while a more affordable option in Dudley Park fetched just over $600,000.In the rental market, 2,016 properties are currently available, with 690 being rented out this week.This article was produced with the assistance of 9ExPress.