THE Alkimos Eglinton area was a population and residential building hotspot last financial year with a 25.4 per cent population growth and residential building approvals worth $9.8 million.
But the Alkimos Eglinton area does not appear on the latest building momentum shortlist for the 2017-18 financial year.
Neither does Yanchep and Two Rocks, which in Yanchep Two Rocks housing forges ahead (Yanchep News Online, June 17) Capricorn Beach and Atlantis Beach estates project director Jarrod Rendell said was forging ahead with the latest ABS building approvals figures showing nearly $150m of new residential housing was approved during the first four months of 2018.
The data in the report showed that while the population of the Alkimos Eglinton area grew by 25.4 per cent during the 2016-17 financial year the population of Yanchep increased by 8.3 per cent, Two Rocks 3.7 per cent, the Mindarie, Quinns Rocks and Jindalee area grew by 1.5 per cent and the Butler, Merriwa and Ridgewood area grew by 0.2 per cent.
During the same period the population of the Carabooda Pinjar area fell by 4.4 per cent.
The WA Hotspots were identified using local-level population data, which was available up to the end of June 2017.
The Alkimos Eglinton area was estimated to have a population of 10,401, Yanchep 9914, Two Rocks 3198, the Mindarie, Quinns Rocks and Jindalee area 19,763 and the Butler, Merriwa and Ridgewood area 24,329.
During the same period the population of the Carabooda Pinjar area was estimated to be 719.
During the 2016-17 financial year the report said building approvals fell in all areas of the northern part of the City of Wanneroo compared with building approvals in the 2015-16 financial year.
In the Alkimos Eglinton area building approvals fell by 34.5 per cent, Yanchep fell by 27 per cent, Two Rocks fell by 14.2 per cent, the Mindarie, Quinns Rocks and Jindalee area fell by 18.3 per cent, the Butler, Merriwa and Ridgewood area fell by 57 per cent and the Carabooda Pinjar area fell by 66.7 per cent.
In the 2016-17 financial year the Alkimos Eglinton area was Western Australia’s number one hotspot.
It was one of just six WA hotspots listed in the HIA Population and Residential Building Hotspots – 2018 report, which identifies hotspots using local-level population data available up to the end of June 2017.
The Housing Industry Association report, released on June 8 said during the 2016-17 financial year, the rate of population growth was 0.8 per cent in WA which nationally placed the state in fifth place.
“WA’s population rose by 21,400 over the 12 months,’’ the report said.
“WA is one of the few states where natural population growth (+20,024) considerably outpaced net migration from overseas (+13,101).
“There was a net outflow of 11,722 persons from WA to other parts of Australia during 2016-17.
“This is a mirror image of the situation in 2012 when WA gained about 11,500 residents from other states.
“Economic and labour market conditions in WA are more difficult than in most parts of Australia and this is the main reason behind the net outflow of residents from the state.’’
The report said the ABS produced population estimates for WA as a whole at the end of September 2017 showed WA’s rate of population growth picked up slightly to 0.9 per cent over the year to September 2017, with a total increase of 22,000 occurring.
In relation to WA’s building momentum shortlist the report said the HIA hotspots identified were based upon population growth and residential building approved during the 2016-17 financial year. “Looking at building approvals figures since then can provide us with a glimpse as to the areas of WA that might qualify as hotspots in next year’s report.
“An area is deemed likely to feature as a hotspot next year if the total value of residential building approved over the year to March 2018 exceeds $100m and this has grown by 10 per cent or more compared with the year to March 2017.’’
