It’s not a very well kept secret that Perth is a fantastic city to live in.
The WA capital consistently makes the list as one of the most liveable places on Earth. And with a range of new infrastructure and development planned for the city, it looks set to stay that way for some time. Here’s what you can expect in terms of infrastructure and development for Perth in the near future.
Post-COVID recovery investment
Western Australia has been arguably the most successful state in thwarting Australia’s coronavirus crisis. But despite the economic-savvy decision to keep WA mines open during the pandemic, that doesn’t mean businesses and residents haven’t been hit hard by the widespread disruption of COVID-19.
To support our community moving forward, the government has assigned billions of dollars to critical upgrades and new infrastructure.
- $146 million to build 150 kilometres of new cycling infrastructure.
- $60 million on a ‘maintenance blitz’ to maintain police and fire stations, sporting venues, as well as other public assets.
- $159 million on a COVID-19 relief fund to support not-for-profits, sports, community and recreational organisations.
- $4.65 million to upgrade and maintain state sporting association grounds and buildings.
- $281.5 million (via an existing maintenance package) to fix schools and hospitals.
Building for Tomorrow
Residents can also expect major upgrades to Perth’s transport infrastructure over the coming years. In fact, a number of programs in the Building for Tomorrow initiative have already been finished – such as Perth’s first Smart Freeway, as well as the dual carriageway on Reid Highway between Altone Road and West Swan Road.
Other upgrades on the horizon include the Fremantle Traffic Bridge, the Armadale to North Lake Bridge, and the Roe Highway and Kalamunda Road interchange.
METRONET: New railway infrastructure
Formed to manage Perth’s expanding transport network while delivering on the promises of the McGowan Government, METRONET is in charge of the $4.1 billion rail infrastructure program – the single largest investment in Perth’s public transport system.
The plan is to add 72 kilometres of new passenger rail around the city, including the long-awaited Yanchep extension, and the Morley-Ellenbrook train line, while creating 18 brand-new stations. In addition, the program will redevelop more than 5,000 hectares of land around the new stations to be used for housing, jobs and services for the surrounding communities. These new rail lines have real potential to change the way our city functions and create new commuter hubs.
From education facilities to power stations
Like Australia’s other major capital cities, the Perth CBD is seeing new apartment complexes crop up in droves. But perhaps most encouraging for residents is the investment in future-forward infrastructure.
EQ West is a planned mixed-use development that will combine residential, retail and commercial facilities. Chief among them is Australia’s only high-rise public art museum and viewing area that overlooks Perth – all the way out to Rottnest Island.
As part of the $1.5 billion City Deal initiative, a vertical campus at Edith Cowan University will be built to house staff and students, as well as the business, law and technology schools. The new campus is expected to attract over 10,000 people.
Elsewhere, the state government will invest $30 million into a huge redevelopment of the heritage-listed East Perth Power Station. Once complete, the century-old landmark will combine retail and dining options, as well as residential and commercial facilities.
Make your mark in the Perth property market
The future is looking bright for Perth. This represents just a small selection of the changes underway, but with so much investment in infrastructure and growth, property investors will reap the rewards of a more bustling city in the coming years. Contact Rentwest today and let us manage all your property needs.