In the past financial year, REIWA has recorded 29 land sales which is a more than 7 per cent increase in land growth.
This is on top of 21 sales in 2012-13, 29 in 2011-12, 26 in 2010-2011 and 36 in 2009-2010.
The majority of these sales have resulted in grouped and multiple dwelling developments, which are allowable on sites zoned R-40 the most common zoning in Maylands.
The biggest development by far is the Finbar Group’s redevelopment of the former Ross’ Salvage site on Tenth Avenue which will comprise 167 residential apartments.
Smaller developments, such as townhouses on Seventh Avenue and apartments on Caledonian Avenue, are also expected to increase the number of people living in the area.
City of Bayswater Mayor Sylvan Albert said the City was planning for an additional 1000 dwellings in the suburb by 2031, accommodating up to 1,800 people.
This is in line with the central metropolitan Perth sub-regional strategy.
‘Maylands has optimum access to public transport and the Perth CBD,’ Cr Albert said. ‘This creates an attraction to live within Maylands which the current zoning allows for medium to higher density living in many parts.’
Cr Albert said the Maylands Activity Centre Urban Design Framework, endorsed in 2009 and amended in 2011, provided for high-quality developments designed to enhance the local character of the area.
‘By putting these mechanisms in place, the City has showed its confidence in this town centre,’ he said.
‘Developers took up the challenge and showed their confidence as well, targeting this area for more development.’