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‘Stretching, pulling’ Perth Property expert calls for end to city’s sprawl at expense of CBD

Perth Property

A prominent Perth property identity has queried state spending on projects fringing the CBD while its centre goes begging, creating a sprawling city without a heart.

Multiplex WA managing director Chris Palandri told an industry gathering last week the city was being “stretched and pulled in every direction” as the state government continually favoured decentralised projects that “elongated” an already enormous city.

His commentary follows WAtoday columnist Gareth Parker’s recent description of the city as full of disconnected, masterplanned precincts that left it “derelict and depressing” instead of enlivened.

The Property Council of Australia WA lunch on Friday focused on the $1.5 billion City Deal bonanza of federal funds to bring Edith Cowan University’s business and technology schools, plus its WA Academy of Performing Arts, into Perth city, representing 10,000 students.

This centrepiece of the deal, plus another 5000 students each from relocating certain schools from Curtin and Murdoch, is hoped to eventually deliver foot traffic, a so-called “night-time economy” and a population boost to the city centre, which is well behind the residential population density of Brisbane, Sydney and Melbourne.

In a discussion on whether this would be the transformative hit commentators have for years said Perth’s economy and atmosphere were sorely in need of, and diminish anti-social behaviour, homelessness and vacant storefronts currently dominating the city experience, Lord Mayor Basil Zempilas said it was the “start of our city boom”.

But Mr Palandri identified other another trend potentially stalling progress.

He said “alternative” land parcels being developed east of the city “cannibalised” population growth that might otherwise benefit core boroughs such as Elizabeth Quay.

Examples of redevelopments in East Perth include Claisebrook Village, the East Perth train station upgrade, East Perth Power Station, Optus Stadium, Belmont Park and Riverside, which includes the long-dormant Waterbank overlooking the Causeway in East Perth that has seen no construction start despite being in development for the past 10 years.

The government has played an instrumental hand in most of these, most controversially recently the East Perth Power Station.

“I don’t know why the state government is spending money at East Perth when we have all that land around Royal Perth Hospital,” Mr Palandri said.

“Perth is pretty much empty. Go to any suburban park mid-Sunday afternoon. The joint is empty. We can take another million people without really disturbing the place.”

Chris Palandri, Multiplex

“There are great heritage buildings there that could be repurposed and we could start creating an environment there that would be great for the city. The city and the state government are not connected.

“Where is the hero shot we have up on the wall that says, ‘this is the overall plan for Perth’?

“We need that document, something that developers and everyone can have a look at and go, ‘this is the plan, stick with the plan’ … make the city more liveable.

“They have the budget, they are just spending that budget in the wrong place.”

Mr Palandri said Perth was an extremely liveable city with a beautiful climate that had an opportunity to sell itself as a place to live and work, to ease skills shortages in many industries.

“Western Australia is suffering without enough people,” he said.

“Perth is pretty much empty. Go to any suburban park mid-Sunday afternoon. The joint is empty. We can take another million people without really disturbing the place,” he said.

“We need more people in WA, we want more people in the CBD. At the moment what we’re doing is to get them in the CBD we are cannibalising other areas.”

Mr Zempilas said the next fortnight would bring a gathering of stakeholders intending to progress such a plan for Perth’s centre.

He inadvertently revealed further government investment in East Perth, saying he was very confident a primary school would be announced within that area in the near future, though that was “not my announcement to make”.

Indigenous cultural centre must be ‘iconic’: Zempilas

Asked what Perth needed most as its next central city project, Mr Zempilas said the Indigenous cultural centre and museum.

He said it was hard to believe it had not yet been built.

“We have to do it better than just about any development has ever been done in this country,” he said.

“It should be, in my opinion, the second or third most iconic structure in this country, and if the Opera House and the Sydney Harbour Bridge are one and two, it needs to be true, it needs to be three.

“It needs to be that special, that significant image to represent the people that it needs to stand for.”

Mr Zempilas said the cultural centre and museum should also be able to be held up as a global tourism drawcard.

The Elizabeth Quay master plan provided for not just a cable car but for a nationally significant centre of indigenous culture, art and learning. This, however, did not form part of the first stage of the project and no funding was ever allocated for planning and construction.

The Property Council of WA-commissioned Big (and small) Ideas for Perth report named a “cultural anchor at Elizabeth Quay” as “essential” and said an Indigenous culture museum should be a priority for all levels of government.

 

Article Source: www.brisbanetimes.com.au

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Brisbane

Bridge to 2032 – Brekky Ck span approved, missing link for Games athletes’ village

Brisbane is set to have another major infrastructure project underway by the end of the year after Lord Mayor Adrian Schrinner lodged the final design of the Breakfast Creek green bridge with planning officers for approval.

The $67 million project is likely to provide a smoother connection for pedestrians and cyclists moving between the fast-growing riverside development at Northshore Hamilton and the CBD.

The 80-metre arch will cross Breakfast Creek to connect Newstead Park with the existing Lores Bonney riverwalk which was part of the now completed Kingsford Smith Drive upgrade.

“This is a crucial step towards securing the final approvals we need to commence work on the green bridge that will provide a $67 million investment in local industry, deliver a new active transport options and create 140 local construction jobs,” Schrinner said.

“The Lores Bonney Riverwalk is currently used 2300 times a day, and this new green bridge will improve safety and increase capacity to the riverwalk by creating a continues walking and cycling connection.”

He said the Breakfast Creek project would join the now-approved Kangaroo Point green bridge as fast-tracked investments to create jobs as the city headed out of the coronavirus pandemic.

Brekky Ck

The council has also linked the project to the 2032 Olympics, saying it will be a “key connector” for the planned Athletes Village at Hamilton and provide a critical transport link for the Games.

Two other cross-river pedestrian and cycle links connecting Toowong to West End and St Lucia to West End remain on the council’s green bridge program books but are yet to be funded.

The council insists the remaining bridges need federal and state government funding to go ahead.

 

Article Source: inqld.com.au

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Brisbane

Green ‘Grand Central’: Cross River Rail unveils changes to parklands vision

Cross River

Developers of Queensland’s biggest infrastructure project, the $5.4 billion Cross River Rail, appear to have bowed to public pressure and moved to preserve more public space in its redesign of the city’s Roma Street parklands precinct.

The Cross River Rail Delivery Authority has confirmed it will allow more public open space in a revised development plan for the area.

A new development scheme for the Roma St precinct, which will contain the state’s most most important transport interchange (dubbed Grand Central) as well as the proposed Brisbane Live arena, identifies new green areas and more affordable housing than was originally planned.

The Palaszczuk government has insisted that the development of an underground Roma St station as part of Cross River Rail is a chance to revitalise an under-used part of Brisbane into a major opportunity for private investment.

The government expects that over the next 15 years there will be nearly 4200 new residents and more than 19,700 new workers within the 32 hectare Roma Street priority development area, bounded roughly by Wickham Terrace, North Quay and College Rd.

However, the delivery authority came under fire for giving over part of the Roma St parklands which houses a public car park and Brisbane City Council maintenance depot to residential and commercial development.

The authority now says under the finalised development scheme the precinct would have more “publicly accessible open space”.

“The existing 11 hectares of publicly accessible open space within the Roma St Parklands will not only be protected forever, but will be expanded even further by more than two hectares,” the authority said in a statement.

“The development scheme also provides for new social and affordable housing as part of new residential buildings parallel to the rail corridor, adding to the existing apartment complexes along Parkland Boulevard.”

“This scheme is all about renewing one of Brisbane’s most underutilised inner-city locations while protecting and enhancing the beautiful natural features that already exist. ‘

About 46,000 people each weekday are expected to use the new high-capacity underground station at Roma Street by 2036.

 

Article Source: inqld.com.au

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Brisbane

Brisbane Olympics to Push Property Market’s Limits

Brisbane

Brisbane house prices will hit the $1-million median well before the 2032 Olympics with suburbs near venues tipped to move up to $3.9 million.

Property projections from PRD Research indicate the median price would reach $1.7 million by 2033 and would be “immensely” boosted on the Gold and Sunshine coasts.

PRD chief economist Diaswati Mardiasmo said it was clear that hosting major events had served the property market well.

“The year after the 2000 Sydney Olympics, Newington (site of the athletes’ villages) and surrounding suburbs’ median house prices grew by 13.4 per cent,” Mardiasmo said.

“Median house price growth was not limited to the year after the Olympics. It grew by 38.5 per cent two years after, and 66.4 per cent three years after.

“The year after World Expo 88, South Bank and its surrounding suburbs grew by an average of 19.1 per cent and by 10.3 per cent after G20 Summit 2014.”

Brisbane property price predictions: Olympics 2032

Suburb 2011 2021 Projected Growth G20 Average
Hamilton house $824,000 $1,650,000 $3,990,670
Tennyson house $515,000 $970,000 $2,052,520
Chandler house $1,040,000 $1,600,000 $3,385,600
Woolloongabba house $623,000 $951,000 $2,012,316
South Brisbane house $805,000 $1,210,000 $2,560,360
Redland Bay house $450,000 $638,000 $1,350,008
Ipswich house $325,000 $435,000 $1,052,086
Herston house $697,000 $908,000 $1,921,328
Spring Hill house $950,000 $1,150,000 $2,433,400
Coomera house $353,000 $550,000 $1,163,800
Broadbeach units $463,000 $625,000 $1,322,500
Alexandra Headland house $570,000 $1,110,000 $3,348,760
Twin Waters house $651,000 $1,077,000 $2,278,932

^Source: PRD Research, AMP Pricefinder

“Bearing in mind the 2032 Olympics are still 11 years away, and based on how the Brisbane market is travelling, the potential to eclipse this price point is high,” Mardiasmo said.

“Regardless of the calculation method, the conclusion points us to Brisbane becoming a $1-million median house price city sooner rather than later. ”

Domain’s latest house price report showed median house price in Brisbane was $678,236, up 13 per cent annually.

Meanwhile, prices on the Gold Coast and Sunshine Coast hit $792,000, up 18.2 per cent on last year, and $825,000 up 23.1 per cent, respectively.

Domain chief of research Nicola Powell said at the moment, low listing numbers and interstate migration were driving the price hike.

“It suggests that upgrading homeowners are fuelling house prices, as well as interstate and expat buyers moving from more expensive cities,” Powell said.

Melbourne and Canberra officially joined Sydney in the $1-million home club in the July results.

 

Article Source: www.theurbandeveloper.com

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