The changing face of inner-city Perth
Perth city is hardly recognisable when compared to photos from a decade ago.
But with the inner-city population set to drastically increase over the coming years, it’s no surprise there has been a massive influx of development to keep up with that growth.
The city’s own forecasts show that just over a dozen people will move into the city, East Perth, West Perth and Northbridge every week for the next two decades, taking the local population to about 40,000 in 2036.
Since the above photo was taken in 2007, Perth has a new entertainment centre – Perth Arena – and construction is underway to increase foot traffic between the city and Northbridge.
Yagan Square has recently opened to the public along with Hibernian Place, and by 2020 Northbridge and the CBD will no longer be separated by the Horseshoe Bridge and a rail line with the completion of the Perth City Link.
On the eastern side of the city, Elizabeth Quay has been welcoming visitors for over two years, and visitor numbers are only expected to increase when the proposed twin tower project is complete – bringing with it 220 luxury apartments, 15,000sqm of office space, 1,00sqm of retail, a five-star hotel and restaurants, bars and conference facilities.
More than 100 hectares of land stretching from East Perth across to the Burswood Peninsula is also undergoing a massive transformation. Optus Stadium now sits on the eastern foreshore of the Swan River, and areas around current landmarks such as the WACA and Queens Garden will be revamped and filled in with high-quality amenity over the coming years.
As a result of the high level of existing and emerging amenity, property experts are recommending buyers hunting for an affordable home close to the city look to the eastern suburbs.
According to Real Estate Institute of WA President Hayden Groves, it’s rare to find such affordable homes in close proximity to a capital city.
“We are very lucky in Western Australia that there are still great bargains to be had in and around the CBD.
“It won’t always be this way, so I advise buyers to act sooner rather than later if they are wanting to secure an affordable house close to the city,” he said.
Situated only five kilometres from the city and a stone’s throw away from the world-class sporting and entertainment precinct on the Burswood Peninsula, The Springs Rivervale is an area primed for growth.
Circa Apartments is Finbar’s third residential project at The Springs, offering 132 one and two-bedroom apartments starting from just $299,000. Residents will be connected with the surrounding community, as well as with the vast array of sporting, leisure, entertainment, retail, transport and community attractions located within an immediate ten-kilometer radius.