Perth ferry expansion set to reshape riverfront property markets
State approval for new ferry terminals at Matilda Bay and Applecross is expected to lift demand for medium-density housing along Perth’s riverfront suburbs.
Perth’s ferry expansion may prove a rising tide for riverfront property markets. (Image source: TY Lim/Shutterstock.com)
Perth’s riverfront suburbs are on the cusp of a new wave of residential development following the State Government’s recent approval of two new ferry terminals.
The $107 million expansion plan was first announced in January as part of the Labor Government’s election commitments.
The first phase of the plan has now received development approval, with a formal tender for construction of the two new terminals in Matilda Bay and Applecross
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