One on Aberdeen has been named Australia's best affordable housing development at the 2016 National Property Council of Australia Innovation and Excellence Awards.
The award recognised the $73 million development in Northbridge as a great demonstration of how government could work with the private sector to achieve outstanding affordability outcomes.
Housing Authority Acting Chief Executive Officer Paul Whyte said the Housing Authority had worked with developer Diploma Group to deliver the high-quality, mixed use development on what was previously idle government land.
"The project has delivered high levels of affordability through innovative design and a diversity of apartment types, including initiatives to target low and moderate income renters and purchasers," Mr Whyte said.
The Housing Authority was able to efficiently optimise government assets to support private sector investment, housing supply and social policy outcomes and make this development a success.
“The project is one of the key outcomes of the Affordable Housing Strategy 2010-2020,” Mr Whyte said.
“Through this project, the Housing Authority moved beyond being a passive seller of the land to become an active equity partner. This was a significant shift in the way government partners with the private sector.”
Forty per cent of the 161 residential apartments were specifically made available to people on low-to-moderate incomes who would otherwise face barriers to owning or renting their own home. This included purchases through Keystart home loans and shared home ownership with the Housing Authority, along with affordable and social rentals for people on low incomes.
Mr Whyte said careful consideration in the planning and delivery stages ensured that while affordability was maintained, there was no compromise on quality in construction and finishes.
"The development reinvigorated a tired precinct in the Perth CBD, bringing economic activity and a ripple effect on surrounding land values,” he said.
One on Aberdeen also won the Judges’ Award in the 2015 Urban Development Institute of Australia (WA) Awards for Excellence.