Major Subiaco project to support up to 1,600 WA jobs
Monday 31 August 2020
Former Pavilion Markets site will be transformed and breathe life into Subiaco.
Premier Mark McGowan and Planning Minister Rita Saffioti joined representatives from Blackburne Property Group today to break ground and start construction on the new job-creating and transformational ONE Subiaco project.
To be built on the site of the old Pavilion Markets the project will comprise of a vibrant ground floor open to the community and with 245 residences including a mix of apartments and penthouses built above it.
The project supports the McGowan Government's efforts to revitalise Subiaco and complements the State's Subi East development which will become a new gateway to the Perth CBD - a vibrant place to live, with great access to public transport, public open space and public education at the nearby Bob Hawke College.
Construction of ONE Subiaco will be undertaken by Multiplex and will create and support 1,650 jobs and a pipeline of work with hundreds of direct and indirect jobs once the project is built.
With 80 per cent of apartments sold, the project highlights the success of the McGowan Government's 75 per cent rebate on stamp duty (capped at $50,000) announced last year, to help support the construction and property sector.
Now with construction underway, remaining eligible apartment buyers can still access the 75 per cent off-the-plan transfer duty rebate, capped at $25,000.
The McGowan Government has recently passed historic planning reforms aimed at cutting red tape and encouraging job-creating projects to create a pipeline of work and boost the local economy.
Read the full media statement: Major Subiaco project to support up to 1,600 WA jobs