Psaros / News

$16billion in Eastern Suburbs the answer to Perth’s coastal sprawl?

A range of projects totalling over $16 billion in both government and private investment in Perth’s Eastern suburbs -spanning an area from Rivervale to Midland - could be the cure for the city’s cancerous coastal sprawl.

 

The Eastern Suburbs are fast becoming a popular choice to live or invest due to their close proximity to the airport, city, the hills and the Swan Valley and experts say further development in this area could be the remedy for the coastal sprawl that currently spans 120km from north to south.

 

Current government and private projects in Perth’s Eastern suburbs include a $5.2billion redevelopment of Midland, expansion of the Perth Airport, and construction of Gateway WA – Western Australia’s largest ever road project. Other projects closer to the city centre include the construction of Perth Stadium and major upgrade to the Crown casino.

 

Property developers such as Psaros, whose sold-out flo project in Rivervale’s Springs Precinct is now complete, continue to look east for opportunities in anticipation of consumer demand. The developer has projects on the city’s Eastern fringe, providing easy access via Great Eastern Highway to the East, but is also looking further afield to Midland.

 

Managing Director Mike Enslin commented, “Perth is one of the most sprawling cities on Earth - this seemingly endless sprawl is not sustainable, and we must look to infill as the answer.”

 

“The Eastern suburbs offer so much potential - access to the hills for walks and trail bike riding, Swan Valley for wineries, plus easy access to the airport and city.”

 

A report commissioned by Psaros in 2014, in partnership with CCWA and Property Council, identified that there is much broader and stronger support for density than planners and Local Councils might think  - click here to download the full report. 86% of respondents showed support for infill development.