A BALLAJURA couple say the future rail extension was a key factor in their decision to downsize to a smaller, beachside property in Yanchep.
Lindsay and Karina Hicks are looking forward to moving from their large home in Ballajura to Capricorn Beach estate, where they will soon start to build a home 250m from the beach.
Mr Hicks said the opportunity to build a home close to the beach in an area with improving infrastructure such as the railway planned for completion in 2021, were key factors in their decision to move.
“I am very familiar with Yanchep as I used to holiday at the old Club Capricorn Resort as a young boy,” he said.
“Karina and I really wanted to downsize to a coastal location; our new home will be just a short stroll to the ocean.
“It will also have easy access to the new neighbourhood shopping centre currently under construction, as well as the new Yanchep railway station which will open in a few years.
“I travel to the CBD for work every day so I can understand how the new train line to Yanchep will prove very popular for local and future residents who have to travel into the city every day.
“This new infrastructure is a major bonus to the wonderful coastal lifestyle.”
The couple bought a 375sq m lot and plan to build a three-bedroom, two-bathroom home with Blueprint Homes.
“Our current home in Ballajura for the past 19 years is located on a large 830sq m lot,” Mr Hicks said.
“We simply do not need such a large lot with our children having left home.”
Salesman Richard Cull said improving infrastructure such as the rail extension to Yanchep would encourage more property buyers.
“Since the announcement of the Metronet priority for the railway line to Yanchep in mid-2017, we have had a 50 per cent jump in enquiry levels at Capricorn Beach from prospective buyers,” he said.
“The new railway to Yanchep will cut the travel time to and from this prime coastal suburb.
“This means that residents can commute by rail to Joondalup in just 20 minutes and to the Perth CBD in only 49 minutes.”
Developers expend land values to rise in Yanchep and Two Rocks
DEVELOPERS predict land values will rise in Yanchep and Two Rocks over the next four years as a result of the rail extension to Yanchep.
Capricorn Beach and Atlantis Beach estates project manager Jarrod Rendell said a study of property prices in nearby Butler revealed that the extension of the railway line to that suburb had a positive impact on property values.
“During the five year period from the announcement of the Butler railway station in 2009 until it was opened in 2014, the price of land surged from $499 to $831 per square metre,” he said.
“The announcement of the railway line to Butler resulted in a flurry of property buyers moving into this outer Perth suburb.
“This created upward pressure on land values over a sustained period of time leading up to the construction completion of the Butler railway station.
“Reduced travelling times was the biggest drawcard for these property buyers.”
Mr Rendell said currently average land prices per square metre were about $522 in the Yanchep estate and $422 in the Two Rocks development.