DEVELOPMENT is progressing well but “quiet” in Yanchep and Two Rocks, a developer says.
Acumen Development Solutions principal Nick Perrignon spoke about the Capricorn and Atlantis Beach estates at the Two Rocks Yanchep Residents Association meeting on June 26.
Mr Perrignon said they had developed almost 250 housing lots in Two Rocks and sold about 210-215 of those.
He said the target had been to sell about 100 lots a year, but market conditions meant sales were running around 80 lots a year.
“It is a bit quiet,” he said.
“We are happy with the way the projects are going.”
Mr Perrignon said the developer had given Atlantis Beach Baptist College a $300,000 to help finish its landscaping to market the school better and increase enrolments.
He said the next stage of works would include developing the parkland on Breakwater Drive and increased focus on controlling four-wheel-drive access to Dewars Beach.
“We’ve got to keep it controlled as more people move into their houses,” he said.
“Eventually 4WDs will go up to Wilbinga.”
He said in Yanchep’s Capricorn estate they were selling about 85-90 lots a year.
“There’s quite a bit of activity going on,” he said.
“There’s quite a bit of interest because the rail is coming (in 2021).”
Mr Perrignon said there were about 40 lots to sell east of Two Rocks Road, with 18 to come onto the market soon.
He said recent earthworks on Beachside Parade cleared the way for a retail site, and, on top of the hill, a Catholic church.
“Along Two Rocks Road, we have put out that we would like to see a family bistro or tavern,” he said.
Mr Perrignon said three small supermarket operators had shown an interest in the site, and, in response to Peter Stainthorpe’s question about creating employment, that the shopping centre would provide job opportunities.
“Our studies tell us that we are getting the amount of growth now that would justify it,” he said.
“If we keep selling residential land and don’t make provision for employment, we’ve got a problem.”
He said there would be a roundabout on Two Rocks Road linking the former resort entry and a future road heading east, which would be a “main street” linking with the future train station.
TRYRA member Ed Whitchurch asked if Two Rocks Road would be resurfaced, and Mr Perrignon said the road level would be raised.
“We’ve got to bring that road up, raise it by 1-1.5m,” he said.
“It will smooth out that great big steep run.”
Census data reveals who is who in Yanchep
THE release of the 2016 Census results last month June showed that Yanchep’s population had doubled in five years.
The national head count showed that Yanchep had 8868 residents; a 109 per cent increase from 2011 when the suburb was home to 4247 people.
It also showed that 52.3 per cent of Yanchep residents were born in Australia, a figure below the national average of 66.7 per cent.
About 19 per cent of Yanchep residents were born in England, compared to 3.9 per cent nationally, while 5.7 per cent were born in New Zealand, 2.1 per cent in Scotland and 3 per cent in South Africa.
Capricorn Beach estate land sales professional Richard Cull said the findings were not surprising.
“Many of the clients that purchased land at Capricorn Beach were born overseas,” he said.
“I can relate; I emigrated from the UK with my wife back in 1992.
“After renting in South Perth, we built a new home on an affordable $72,000 lot in Hillarys because of the attraction of the northern coastal lifestyle which was in stark contrast to the wet and cold climate of northern England.
“Not only has buying a property on the coast proven to be a wonderful lifestyle but it also has been a great investment with the value of our home increasing 10-fold over the years despite recent downturn in the Perth property market.
“If I arrived today I would be buying in Yanchep; it is affordable as Hillarys was back in 1992 and also has the potential for strong capital growth.
“Yanchep is now very popular with families with children.
“The latest Census figures that show 22.6 per cent or nearly one in four residents in Yanchep are aged 14 years or younger; higher than the national average of 19.7 per cent.”