THE up-market name for Cockburn’s newest suburb could boost property prices in the area.
Lake Coogee, which was created in a carve up of Munster, was given a name change to recognise the area’s historical ties to Coogee.
Lake Coogee will encompass the area of Munster north of Frobisher Road to Barrington Street, including the entire lake after which the new suburb is named, and property experts say it could trigger a house price surge.
REIWA president Damian Collins said the new name gave the suburb a stronger link to the coast.
“Coogee has a more prestigious name to it, as it’s on the beach,” he said.
“Taking into account its got the lake, in the northern parts of Lake Coogee and Spearwood, I think you’re going to see some improvement in perception and they’ll improve property values.”
The current section of Munster north of Russell Road West will become part of the suburb of Henderson, while the residual district east of Rockingham Road will remain as Munster.
Mr Collins said properties left in the suburb of Munster could experience a drop in value.
“Even though the suburb might improve overall, the northern and north-western parts will do much better in terms of value improvement than the southern parts,” he said.
“Generally, having anything to do with industrial near you is not a good residential look.
“I don’t see any real increase in Munster, I think it will be downgraded as it’s going to border Wattleup, which is another industrial area, so perception could drop slightly.”
Cockburn Council approved the boundary redistribution in August. The new suburb will be officially created on March 30.
Name change a long time coming
In 2012, a push to change the suburb name to South Coogee was knocked back by the Geographical Names Committee due to an identically named suburb in New South Wales.
The South Coogee Community Association revived the issue in recent years and local residents suggested the Lake Coogee name, which was supported by Cockburn MLA Fran Logan and the City of Cockburn.
During consultation, the City of Cockburn found 79 people in Munster’s north were against retaining the Munster name, compared to just 16 for and 125 people in the same area favoured a change to Lake Coogee, with just 11 against.
The association’s founder Fred Bkamdin said the area was strongly tied to the Coogee name, and the Munster name had only been around since the 1950’s.
“Residents wish to identify with the historical significance of the area as an acknowledgement of the pioneers who developed and worked the area soon after the arrival of European settlement in this area in the 1890s,” he said.
“Referencing ‘Coogee’ in the locality name also acknowledges the Aboriginal inhabitants who were the original custodians of the land for many thousands of years.”