"The stadium is a magnificent asset for the state of WA and its sports fan," said Cricket Australia CEO James Sutherland. "We very much look forward to bringing this big Australia-England one-day match to Perth to the Stadium on 28 January."
The state-of-the-art stadium will also host matches from the domestic Big Bash League, Australian rules football and soccer.
ICC match referee Richie Richardson said the stadium was "world class" after an inspection.
"The new Perth Stadium is a wonderful, refreshing, world class stadium, and I have no hesitation in recommending that the venue is approved for staging all three formats of international cricket," he added.
The ODI between Australia and England will be the fifth and final match of the series, which begins on Jan. 14. It follows the home side's dominant 4-0 Ashes test series win.
The WACA, which has hosted cricket matches since the early 1890s, will be turned into a boutique ground with a capacity of 10,000-15,000 by the local board.
(Reporting by Aditi Prakash in Bengaluru; Editing by Peter Rutherford)
