Perth WA

Perth Skyline

Perth is in a strong position to rebound from Australia’s pandemic-induced recession with a number of major development projects under way across the city. 

Western Australia could see some 20,000 people relocate to the state for employment opportunities in 2022.

Property analyst and valuer Gavin Hegney said there were not enough properties to cope with the influx.  “At the moment though we have less than 2000 properties available for rent and less than 10,000 properties that can be bought, meaning that we can only really handle an influx of 8000 people before our market is tight as a drum,” Mr Hegney said.

Perths residential market, which has still not recovered from the mining boom and slump—suffering a six-year downturn—is now tipped to outpace its east coast rivals due to a low reliance on tourism and population growth and rebounding iron ore sector.

Real Estate Institute of WA president Damian Collins said a housing shortage remains in Perth with not much stock and the rental market facing a new 40-year low vacancy rate.

The fact that builders are struggling to produce new housing due to the labour shortage in that space, it means not as much stock is going to be built as urgently needed,” Mr Collins said.

The institute has predicted median rent prices will increase between 10 and 15 per cent in 2022.

“Tenant demand will remain high in 2022, which will see rents continue to rise. Despite this, the Perth rental market is still very affordable, with WA tenants enjoying the cheapest rental market conditions in the country,” he said.

Demand for premium commercial space is also set to increase, as major players across the resources sector continue to strengthen their foothold in Western Australia.

Commercial development is picking up steam in the city’s massive waterfront precinct at Elizabeth Quay where the Metropolitan Redevelopment Authority is working on upgrading the infrastructure.
The project will include the creation of 10 private lots, an inlet that brings Swan River into the city, refurbishment of Barrack Square and many other improvements to transform the entire area.
Resources giant Chevron Australia, Brookfield Property Partners and AAIG are all currently undertaking major projects within this redevelopment.

To drive the infrastructure further is the Perth City deal, a $1.5 billion partnership between the Commonwealth Government, WA Government and the City of Perth to re-energise the city, bringing Government and private investment into the CBD and creating almost 10,000 jobs. 

Further infrastructure being built within the City is the Perth City Link, a series of projects to sink the northern rail line and create a 13.5 hectare site between the Perth Arena and Horseshoe Bridge.

edith cowan uni

Edith Cowan University Campus

A $695-million vertical Edith Cowan University campus will be built in the CBD as part of a $1.5-billion City Deal. The Creative Industries Business and Technology campus will be located next to Yagan Square, just north of the CBD, adjoining Perth Railway Station. Once complete, it will house 9000 students and staff, the Western Australian Academy of Performing Arts, the WA Screen Academy and the business, law and technology schools of the university. Edith Cowan University will put $300 million into the project, with $245 million coming from the federal government and $150 million in a land swap with the state government.

The Murdoch Health and Knowledge Precinct

The Murdoch Health and Knowledge Precinct, being delivered by DevelopmentWA, will become the Southern Corridor’s home to health research, medical care, higher education and innovative business development, delivering economic benefits for all Western Australia. Just 12km south of Perth’s CBD, the precinct will offer a new city centre, providing jobs for 35,000 Western Australians, education facilities for 44,000 students and homes for 22,000 residents. The ambitious project is part of the state government’s planning strategy to manage population growth in Perth, and meet demand for well-designed, connected centres where people can work close to home.


State Government’s Signature Metronet Rail Infrastructure

The state government’s signature Metronet rail infrastructure is another major priority project associated with significant urban renewal opportunities. The behind-schedule $4.1-billion rail program will deliver 72km of new passenger rail and up to 18 new stations. The Metronet plans include a rail link between Cockburn and Thornlie, a train line to Ellenbrook and extensions of the Midland and Armadale lines. They also include the redevelopment of more than 5000ha of land around new stations for housing, jobs and services for growing communities.

Lakelands, Mandurah

lakelands livability

Ocean Hill Estate, Lakelands

Ocean Hill is an exclusive master planned community located near the picturesque Mandurah coastline.

With pristine white beaches, beautiful parks and recreational facilities all within the estate, you get the very best that the community has to offer right on your doorstep.

Located in North Lakelands, just 10 minutes from Mandurah, this coastal estate is close to it all. Live within walking distance of the ocean and less than 400m from Lakelands town centre with 40 specialty stores including Aldi, Coles and Kmart.

Ocean Hills sitemap

Experience the best of both worlds, with the ocean and city-style amenities on your doorstep. Live within walking distance of the pristine sands of Madora Beach, regarded as one of the best beaches south of Fremantle, or take a stroll down to the park and watch the sun go down over the treetops.

You’ll be just 10 minutes from the beaches, marina, foreshore, shops and restaurants of Mandurah.

Schools are close-by, with Coastal Lakes College and Lakelands Primary School both within walking distance. There are also future plans for another primary school.

Lakelands Shopping Centre is a short 400m walk from Ocean Hill estate with a huge variety of stores and amenities.

There are plans for beautiful open spaces at Ocean Hill for you and your family to enjoy, including a central community park. Stretch your legs in more than four hectares of multi-use district playing fields, right next door to Ocean Hill and home to the Peel Thunder Training Academy – a popular recreational space ideal for dog-walking and kicking the footy about with the kids.



Coastal Lakes College, Mandurah Baptist College and Lakelands Primary School are all close by.

The brand new Madora Bay Primary School is also currently under construction and is set to open in 2023.

Nido Early School childcare centre is a stone’s throw for quality early childhood education, and for swimming lessons WestSwim is located at the local shopping centre.


Lakelands Shopping Centre

Ocean Hill blocks are conveniently located within just 400m of Lakelands Shopping Centre, featuring Aldi, Coles, Kmart and 40 other specialty stores! That means you have everything right on your doorstep so you have more time to live that relaxed lifestyle you have always dreamed of. It even has a tavern and a gym.


Just 3.5km north of Ocean Hill, you also have the option of Woolworths and other speciality stores at the Singleton Village Shopping Centre, with a Coles Express Service station right across the road.


Ocean Hill Estate is just 10 minutes from the convenience of Mandurah and all that the city has to offer, including Mandurah Forum Shopping Centre.



For those commuting to work or wanting to be well-connected to the Perth CBD, Mandurah Train Station and Warnbro Train Station are just a short drive away.

Construction is also currently underway on the future Lakelands Train Station, as part of the METRONET project.

Ocean Hill is also very close to Kwinana Freeway which makes zipping into the city super simple!

Lakelands Parks and Recreation

This community will be like no other because it has been designed to take advantage of its existing natural features including a high rocky ridgeline, native woodlands and numerous grand stands of mature trees.

The central park will be a place where the whole community will come together to see glorious sunsets, enjoy entertainment and celebrate nature, including a lookout, exercise stations and play equipment for everyone to enjoy. It will create a walkway all the way from the top of the estate to Mandurah Road, for easy accessibility to the beach, shops and the entrance to the estate.

Head to the beautiful beaches close by for ample dog walking spots, playgrounds and BBQ and picnic areas. 

Download the Sample PIA for a 4 bedroom, $500,000 house and Land package in Lakelands

John & Joanna, NSW

Compass has held our hand from day one, and we're very happy

Corey and Amy, SA

Their new home will allow them to rent out an existing Property