The State Government’s planned Metronet projects are expected to shake up the local property market across several pockets of the Perth metropolitan area.
The projects are designed to support expected population growth by improving transport options and creating new train lines and extensions.
Among the projects is the Thornlie-Cockburn Link, expected to commence this year, which will connect the existing Mandurah and Armadale-Thornlie lines.
The Agency Perth Property Partner Amanda Dury said she thought the project would make a difference.
“The market is certainly picking up,” she said. “I had 15 groups through a new listing at 18 Crusader Drive, Thornlie yesterday.
“Meanwhile, 21 Ironwood Court, Thornlie was only marketed for 13 days and is now under offer.
“Buyer interaction is higher, however prices have remained flat.
“That said, I think it will make a great difference.
“Having access to Murdoch University for students will impact Thornlie and its surrounding suburbs, as currently we are only able to catch a bus there which takes a lot longer.
“The suburb will also attract employees from Fiona Stanley Hospital, and being able to head to Freo and beyond via train on a nice sunny day for a beer is going to be great.
“No-one has a crystal ball, but I do believe it will make Thornlie and surrounds more desirable, which should lead to demand and price increases.”
Residents living in suburbs just north of Mandurah will also see increased transport options, with a new train station to be built in Lakelands.
According to REIWA data, the population of Lakelands has bloomed to 4830 people, and there have also been population increases in the surrounding suburbs of Madora Bay and Meadow Springs.
The new station will be located between Warnbro and Mandurah, which currently extends 23km without a stop.
The State Government expects more than 2300 passengers to use Lakelands Station each day by 2023, growing to 3500 in 2031.
Acton Mandurah Principal Graeme Baxter said June had been their biggest sales month in five years and July had set a new monthly record for listings in their office.
According to Mr Baxter, Lakelands Station could only improve the property market.
“Anything that makes commuting to and from Perth and Mandurah easier is a great benefit to those who live in the area,” he said.
“Both Lakelands and Madora Bay have established infrastructure.
“There are some excellent house and land packages available, as well as a range of established homes that are not far from the beach and which, in my opinion, offer exceptional value for money.
“The new train station will just be the icing on the cake.
“The doomsayers have got our local market completely wrong.
“If anything, the coronavirus and the success of remote working close to a capital city only adds to the appeal of suburbs that offer an affordable coastal lifestyle.”