Inglewood home sold for $1.31million.
The sale of a two-bedroom home in Inglewood has significantly impacted both the housing market and taxpayer funds, generating over $1.3 million for the public purse. The property, which had been vacant for at least two years, was sold for $1.31 million in early September 2023, following increased scrutiny regarding its prolonged emptiness during a widespread housing crisis.
The former public housing property, situated on a 562-square-metre block, gained attention after an article in The West Australian questioned why it remained unoccupied while many families struggled with homelessness. The Department of Communities declined to disclose the exact duration of the vacancy, although it had been flagged as an empty property since September 2023. Local residents expressed frustration over the state government’s inaction, pointing out that both homeless individuals and prospective buyers were missing out on the opportunity to utilize the home.
The recent sale, facilitated by real estate agent Natalie Hoye, attracted considerable interest and competitive bids. The transaction not only adds a dwelling to the housing stock but also underscores a positive outcome for taxpayers, who benefit from the increased revenue. Additionally, the sale represents a win for heritage conservation. Built in 1937, the Californian bungalow features intricate period details, including ornate ceilings and vintage windows.
New owners plan to renovate the property, ensuring that its historical value is preserved while transforming it into a livable space. This outcome alleviates some pressure from the ongoing housing shortage and offers a tangible solution to the challenges faced by many in the community. The sale signifies a pivotal step towards addressing the demand for affordable housing and revitalizing the local real estate market.
As housing shortages continue to affect many regions, the resolution of this long-vacant property serves as a reminder of the importance of effective property management and the need for responsive governance in housing policies.
