# Major housing investment near Perth to boost apartment construction

https://mins.news/en/item/30038

- The Guardian, 2026-08-23 21:19 UTC
- Economy
- Original: https://www.theguardian.com/australia-news/live/2026/aug/24/australia-news-live-shark-attack-leah-stewart-housing-rents-first-home-cost-of-living-antisemitism-royal-commission-icac-politics-economy-sydney-melbourne-ntwnfb

> The National Reconstruction Fund will invest $120m in a $240m advanced manufacturing project north of Perth, which is expected to produce 2,000 apartments a year when fully operational. The Western Australian government will provide a $20m grant and Wesfarmers a $100m equity investment. The government says the apartments could be built up to 20% cheaper and 50% faster than through traditional construction.