The property market in Perth’s Yanchep/Two Rocks area is forging ahead, one expert has claimed, with the latest ABS building approvals figures showing nearly $150 million in new residential housing was approved during the first four months of 2018.
Project director for Capricorn Beach Estate in Yanchep and Atlantis Beach Estate in Two Rocks, Jarrod Rendell, said the figures were a big vote of confidence in the future of the Yanchep/Two Rocks property market.
“The coastal strip between Yanchep and Two Rocks is fast becoming a major property hot spot with the ABS figures showing that during the first four months of 2018 there were 642 new homes in the area given building approval with a combined value of $147 million.
“During April 2018 alone, the Yanchep/Two Rocks area accounted for 15 per cent or one in seven of all new homes approved in the City of Wanneroo.”
He said the Yanchep/Two Rocks area is starting to outstrip other coastal areas in the area in terms of new home building activity.
“For example, during April 2018, some 193 new homes with a combined value of $44 million were approved in Yanchep/Two Rocks compared to 158 homes valued at $36 million that were approved during the same month in the Mindarie/Quinns Rock/ coastal area.
“Affordable coastal building land combined with improving social infrastructure is driving this investment in new housing both in Yanchep and Two Rocks.
“Coastal lots can now be secured from just $139,500 at Atlantis Beach in Two Rocks, and from $175,000 at Capricorn Beach in Yanchep. These prices are tens of thousands of dollars lower than similar sized coastal lots located in the north western coastal strip.”
He said that in addition to the affordability and lifestyle factors, the area is attractive because of its improving infrastructure.
“Both Yanchep and Two Rocks already have long established communities that appeals to people building a new home with all the benefits of a strong local community. However, the existing facilities in both townships are being enhanced with new infrastructure valued in the hundreds of millions of dollars.
“These improving facilities at Two Rocks include the planned multimillion dollar upgrade to the Two Rocks marina, the recent opening the Atlantis Beach Baptist College and a new family focused amenity that will include medical and child care facilities at Atlantis Beach Estate."
Mr Rendell said Two Rocks residents will also benefit from the opening of the new Yanchep rail station in 2022.
“It is located just six minutes south of the Atlantis Beach community, with a train journey time to theCBD of just 49 minutes.
“In addition to the new Yanchep train station, planning is also well advanced on a major transformational project for the immediate Yanchep area that will see the former Club Capricorn Resort transformed into a stunning lifestyle destination with recreation, tourism, cafes and restaurants and a variety of residential housing positioned across a 12 hectare site.”
He said the redevelopment will include a multimillion dollar beach front parkland area that will create a whole new experience for the Yanchep community.
“More recently, Yanchep residents have benefited from the recent opening of the state-of-art $57 million Yanchep Secondary School, the $7 million Yanchep Surf Life Saving Club as well as the new $8.3 million Yanchep sporting complex.”