It is estimated the population of Western Australia will grow by up to 475,000 people in the next 10 years (Bernard Salt/KPMG). This is the fastest population growth, by percentage of State population (2.6%) in Australia (Access Economics and CBRE, Jan 2009).

This growth, combined with low vacancy rates, high demand and an increasing trend towards inner-urban living (Bernard Salt/KPMG) presents great investment potential for central Perth.

Claisebrook Village is a beautiful environment of gardens, waterways and landscaped precincts, located just minutes away from Perth’s CBD, shopping and entertainment areas.  It is now home to approximately 2,500 residents with the creation of 1,450 homes and apartments. The eCentral TAFE campus houses 1,500 students and more than 6,000 employees work in the area, many within the ‘Silver City’ buildings on Royal Street that includes the ABC’s state headquarters.

Private investment on new residential and other buildings in the project area exceeds $680 million and strategies have been implemented to support local employment. They include:

• Providing mixed-use zonings that facilitate a range of commercial opportunities
• Attracting flagship businesses
• Supporting existing businesses
• Encouraging private participation in development opportunities
• Promoting river-based tourism activities

 

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