METRONET East Redevelopment Area
Matthew Hughes, Managing Director at Capital Property Advisory
July 9, 2019
The Metropolitan Redevelopment Authority (MRA) has a vision to transform Perth into a vibrant, connected city that can meet the needs of its growing population.
The driving force behind the redevelopment of Scarborough, Elizabeth Quay and Yagan Square is now being tasked with extending their Midland redevelopment area to include one of our favoured suburbs, Bayswater – becoming METRONET East.
The Midland Redevelopment Area has been extended to encompass the precincts surrounding the Bayswater and Forrestfield train stations, with a renewed focus on vibrancy, housing and employment opportunities.
Bayswater Project Area
Forrestfield Project Area
This expansion, known as the METRONET East Redevelopment Area, is intended to maximise the development opportunities from METRONET transport infrastructure.
Consultations with the cities of Bayswater, Kalamunda and Swan will take place in the coming months and the statutory process is expected to run for approximately 12 months.
Planning Minister Rita Saffioti said that she believes the best possible outcome for each of the METRONET East precincts would see them develop into more attractive areas for people to live, work and visit for recreation.
“By creating METRONET East we bring together our commitment to creating more housing and employment choice and maximising our transformative investment in the Bayswater, Forrestfield and Midland areas.”
Forrestfield station works are well underway, and the Bayswater Station Upgrade is expected to commence later this year.
Click HERE to download a map of Baywater Station Precinct Redevelopment Area and contact us to find out what these changes might mean for local homeowners, investors and developers.
Currently, Perth is the capital city that our research is driving our clients to for optimal investment outcomes. Keep an eye out for our upcoming report on Victoria, and the opportunities we feel this market will present from early to mid-2025. CPA Property Reports are the ultimate research tool for those considering an investment into the any Australian property market.