Industry voices its support for METRONET to drive WA economy

METRONET will provide much-needed urban density and economic development for the state, according to respondents of the Property Council’s first 5x5 member survey.

“The Property Council WA launched the first of the 5x5 survey’s in last week’s Member Connect which will be the first in a series.  The purpose of the surveys is to allow members to easily provide feedback on industry matters and help inform the Property Council’s advocacy strategy,” Property Council WA Executive Director Lino Iacomella said.

“The first survey focused on the State Government’s biggest infrastructure project and arguably biggest election campaign promise, METRONET.

“The results showed the majority of the respondents believed urban density was the most important benefit of the project, closely followed by economic development.

“Respondents believed the biggest challenge for government when delivering METRONET is the flexibility and timeliness of local government planning, followed by value capture funding and funding more generally.

“The majority of respondents also believed the biggest challenge for industry in delivering housing diversity, mixed use areas and Metrohubs was the lack of flexibility and timeliness of local government planning.

“Interestingly, respondents believed both the North Circle and South Circle lines offer the most development opportunities. 

“The majority of respondents believed a game changer or innovation for METRONET was an across local government scheme, followed by public private partnerships and a Perth City Deal. Other suggestions included the removal of urban deferred zoning, securing federal funding and cross city links.

“The property industry is committed to delivering livable and prosperous communities in and around METRONET and looks forward to working alongside the State Government to boost Perth’s urban infill development.

“Industry is also keen to explore alternative funding methods such as a Perth City Deal and Private-Public Partnerships to ensure METRONET reaches its full potential,” Mr Iacomella said. 

Media contact:  Lino Iacomella   |   E  liacomella@propertycouncil.com.au