Perth City Deal delivers 14 of 20 commitments in second year review

The Perth City Deal, the federal-state-council partnership funding $1.5 billion of investment in Perth's city centre, has delivered 14 of its 20 agreed commitments in its second year review, with the remaining six on track for delivery within the program's five-year framework.

Completed commitments include the fit-out of the Perth Cultural Centre's new contemporary arts space, the upgrade of Wellington Street Bus Station, the completion of the first stage of the Yagan Square market precinct expansion, and the opening of a new affordable housing development in the Northbridge precinct containing 122 dwellings at below-market rents.

Federal Minister for the Territory Jamie Sharpe said the Perth City Deal was demonstrating the value of governments working in partnership to focus investment on a defined precinct. "Perth has punched below its weight in urban amenity for a capital city of its size and wealth. This deal is changing that," he said.

WA Premier Roger Cook said the city deal's housing component was particularly significant, demonstrating that affordable housing could be delivered in prime city-centre locations without the trade-offs that had historically made such projects financially unviable. The partnership model used to deliver the Northbridge development, combining Commonwealth land value contributions with state capital and council planning facilitation, is being examined as a replicable model for other locations.

The cultural infrastructure investments are generating measurable visitation increases in the Cultural Centre precinct, with the WA Museum Boola Bardip — funded partially through the deal — recording its highest annual visitation of 1.8 million visitors in the past year.

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