The southern suburbs of Perth have experienced notable growth, with property values rising by an average of 19.93% annually. This upward trend is anticipated to persist, especially with various infrastructural and community developments planned for the next five years, potentially attracting an additional 15,000 residents to the area.
Residential Developments
There will be new housing projects, both urban and in planned communities. These homes are expected to have the following:
- Modern design integration, complemented by features, including smart home technologies and eco-friendly materials.
- Emphasis on green design principles, combining eco-friendly construction and transportation for smarter community growth.
Commercial and Business Developments
The emergence of new business spaces and office areas is anticipated, with a primary focus on the tech and manufacturing sectors. This surge is set to generate a wealth of job opportunities in the region. One notable development is the ‘Port Kennedy Industrial’. Located in Port Kennedy, this commercial and industrial hub boasts proximity to major transport links in Perth’s southern suburbs and is poised to be in high demand.
Infrastructure and Transportation
Transportation improvements, including enhanced metro and bus services, are on the way, making areas more accessible and attractive for residents and businesses. With the development of the South Perth Station precinct for commercial purposes and the potential addition of a new train station, real estate in the vicinity is poised for an upswing in demand and value.
Recreational and Cultural Amenities
Residents can anticipate a surge in recreational and cultural developments. A significant addition is the recently completed $38.9 million sporting complex, an expansive infrastructure project that offers a diverse range of sporting facilities, poised to serve generations. Another project on the horizon is the Perth Surf Park in Jandakot. Valued at $100 million, this ambitious endeavour aims to feature a massive open-water surfing lagoon, accompanied by amenities such as accommodation, bars, restaurants, a function centre, an events space, a skating zone, and a health and wellness centre.
Education and Institutions
The southern suburbs of Western Australia are gearing up for educational enhancements to cater to the growing population:
New Secondary Schools: The Department of Education is spearheading the development of several institutions, including:
- Piara Waters Senior High School
- Alkimos College
- Bob Hawke College
- Hammond Park Secondary College
Upgrades to Existing Schools: The state government is investing in renovations and expansions for:
- Safety Bay and Rockingham Senior High School
- Como Secondary College
- Rossmoyne Senior High School
Environmental Considerations
Future projects will have a focus on sustainability. This means more green building practices and eco-friendly infrastructure. Conservation efforts and community beautification projects will also be prioritised.
As these developments unfold, it’s crucial to understand their impact, especially if you’re considering property decisions in the southern suburbs.
If you’re seeking property in this dynamic and evolving region or want insights on the best prospects, don’t hesitate to reach out.
