MORE than $7 million worth of residential developments is set for completion in the southern suburb of Cannington within 18 months.
MORE than $7 million worth of residential developments is set for completion in the southern suburb of Cannington within 18 months.
Twenty units will be built on land adjacent to the Westfield Carousel Shopping Centre as the first stage of a major $3.7 million mixed residential and commercial development.
Two $1.5 million eight-unit developments and one $500,000 triplex are planned to be built on nearby sites.
All four projects are the result of joint ventures between Starpine and a Cannington private landowner in an area earmarked to become a thriving Cannington central business district.
Stage one of Carousel Village, located on Lake and Grose Streets, will consist of 18 ground-floor apartments and two second-storey apartments.
The three bedroom, two-bathroom units will be about 90sqm in size and are estimated to cost less than $160,000, with rent potential of $180 a week.
Each ground floor dwelling will have footings and strengths able to support more storeys built onto them, allowing developers to build up when demand for apartments grows.
Starpine acquisitions and design manager Phillip McQueen said he was unsure when this would be, but said more than half of the ground floor apartments had been presold.
“The City of Cannington have zoned the area R80, which is high density, and want it to eventually look like Joondalup, with two and three-storey residential developments,” he said.
“But we can’t build them all at once, so we’ve met the city halfway and will do it in stages.”
Mr McQueen said the apartments were within walking distance of everything Westfield Carousel had to offer and gave homebuyers a less expensive option than buying a unit in fully developed suburbs nearby such as Bentley, Victoria Park and Lathlain.
The two eight-unit developments, on Hogarth Street and Seven Oaks Street, along with the triplex on Bent Street also will consist of three bedroom, two-bathroom dwellings.
Mr McQueen also said several future sites in Cannington had been earmarked to accommodate a further 40 residences.
Twenty units will be built on land adjacent to the Westfield Carousel Shopping Centre as the first stage of a major $3.7 million mixed residential and commercial development.
Two $1.5 million eight-unit developments and one $500,000 triplex are planned to be built on nearby sites.
All four projects are the result of joint ventures between Starpine and a Cannington private landowner in an area earmarked to become a thriving Cannington central business district.
Stage one of Carousel Village, located on Lake and Grose Streets, will consist of 18 ground-floor apartments and two second-storey apartments.
The three bedroom, two-bathroom units will be about 90sqm in size and are estimated to cost less than $160,000, with rent potential of $180 a week.
Each ground floor dwelling will have footings and strengths able to support more storeys built onto them, allowing developers to build up when demand for apartments grows.
Starpine acquisitions and design manager Phillip McQueen said he was unsure when this would be, but said more than half of the ground floor apartments had been presold.
“The City of Cannington have zoned the area R80, which is high density, and want it to eventually look like Joondalup, with two and three-storey residential developments,” he said.
“But we can’t build them all at once, so we’ve met the city halfway and will do it in stages.”
Mr McQueen said the apartments were within walking distance of everything Westfield Carousel had to offer and gave homebuyers a less expensive option than buying a unit in fully developed suburbs nearby such as Bentley, Victoria Park and Lathlain.
The two eight-unit developments, on Hogarth Street and Seven Oaks Street, along with the triplex on Bent Street also will consist of three bedroom, two-bathroom dwellings.
Mr McQueen also said several future sites in Cannington had been earmarked to accommodate a further 40 residences.
