A $250million developer contribution scheme to share common development costs in the Wungong Urban Project adjacent to the Armadale City Centre has been approved by Planning Minister John Day.
The Minister said the Wungong Urban Developer Contribution Scheme - to be administered by the Armadale Redevelopment Authority (ARA) - would significantly boost residential land supply in the south-east sector.
“This $250million contribution scheme is the biggest ever in Western Australia and will enable all landowners to equitably share the common costs associated with bringing land to market,” Mr Day said.
“Sharing the cost of public open space; district distributor roads and drainage systems; environmental remediation; and community infrastructure will benefit all developers.”
Wungong Urban covers 1,580ha and has about 220 separate landholdings. The project is expected to provide up to 16,000 lots over the next 10 to 15 years.
The Minister said the scheme set new standards in facilitating development in areas where there was multiple ownership and a need to share common costs.
“Including the open space costs, the contribution cost per average sized suburban lot is about $16,000,” he said.
“The Wungong Urban Contribution Scheme is based on commercial principles and designed to be equitable over time.
“The ARA currently administers five developer contribution schemes worth about $400million.”