09/05/2024
New incentive scheme for property owners to fill empty homes
• New $5,000 incentive to convert vacant properties into long-term rental homes
• Scheme is the Cook Government's latest initiative to boost housing supply
• Six-month extension for successful Short-Term Rental Accommodation (STRA) Incentive Scheme, to return even more properties to the long-term rental market
The Cook Labor Government will offer $5,000 incentives to vacant property owners to bring them onto the long-term rental market for Western Australians to lease.
Funded as part of the 2024-25 State Budget, the new $5 million Vacant Property Rental Incentive Scheme will offer payments to owners of up to 1,000 vacant properties who are willing to provide a minimum 12-month lease agreement to new long-term tenants. Payments will be made to the property owner once the dwelling has been leased and occupied
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