Developing outer urban areas drives growth
The West Australian
Government building grants, mixed with increasing property prices in Perth, have potentially sped up growth in outer metropolitan suburbs.
The increased population is pushing prices up in inner-city suburbs, making housing in close proximity to the CBD unattainable for much of the Perth population.
However, the constant redevelopment of large outer business areas, or activity centres, such as Joondalup and Rockingham is taking some of the pressure away from the CBD and attracting its own radius of housing developments and further amenities.
To view the full article including extensive comments from UDIA CEO Tanya Steinbeck, click here.