Lo­cal hous­ing boom

Southern Gazette (South Perth) - - FRONT PAGE - Joel Kelly

A HOUS­ING re­port has shown Bel­mont and Vic­to­ria Park have ex­pe­ri­enced the fastest growth of medium and high-den­sity hous­ing in WA over the past four years.

BEL­MONT and Vic­to­ria Park have ex­pe­ri­enced the fastest growth of medium and high-den­sity hous­ing in WA over the last four years.

A hous­ing den­sity re­port by Bankwest shows the great Aussie ideal of buy­ing a stand-alone home with a back yard is a fad­ing dream at a lo­cal level.

Fig­ures re­leased last week show 70 per cent of build­ing ap­provals in the sta­tis­ti­cal area of Bel­mont and Vic­to­ria Park have been medium or higher den­sity dwellings.

The 70 per cent ac­counts for 3236 medium den­sity ap­provals, re­fer­ring to du­plexes, apart­ments or any hous­ing ap­proval more dense than a stand-alone home with a yard.

In 2011, census fig­ures showed the area was 36.3 per cent medium den­sity hous­ing, re­flect­ing a dif­fer­ence of 33.6 per­cent­age points to the cur­rent rate of 70 per cent medium den­sity ap­provals.

Perth City re­mains the sta­tis­ti­cal area with the high­est pro­por­tion of medium den­sity dwelling at about 85 per cent and 4229 ap­provals in the last four years.

Stir­ling had the se­cond high­est num­ber of medium den­sity ap­provals in the state at 3765 over four years, mak­ing up 48.6 per cent of res­i­den­tial ap­provals.

The fig­ures were high­lighted in the Bankwest Hous­ing Den­sity Re­port, which showed ap­provals for stand-alone homes dropped by 12.9 per cent in the year to Novem­ber 2015 while medium den­sity ap­provals jumped 0.4 per cent.

Bankwest gen­eral man­ager for pri­vate bank­ing Greg Caust said ap­provals for stand-alone homes and medium-den­sity hous­ing in WA com­bined fell by 9.6 per cent in the same pe­riod.

“While that re­flects the min­ing down­turn in WA, it is en­cour­ag­ing to see that there is still some growth in the medium den­sity space,” he said.

“The re­silience in this de­vel­op­ment would be un­der­pinned by the ex­pec­ta­tion of solid pop­u­la­tion growth in Perth over the next decade.

“Perth’s pop­u­la­tion is fore­cast to grow by 33 per cent to 2.8 mil­lion in 2025.”

In the Bel­mont Vic­to­ria Park area, medium den­sity hous­ing has rep­re­sented 70 per cent of ap­provals re­cently.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.