Kalamunda Precinct - Eastern suburbs of Perth, WA
Western Australia’s economy is recovering as global demand for iron ore rebounds and international interest in lithium, a key component used for battery storage, rises.
Equipment investment is at a 4-year high and there is strong demand for mining workers.
Major infrastructure projects are reshaping the way Perth does business, bringing the resources industry, overseas trade and tourism together in a series of interconnecting ventures surrounding Perth Airport.
The Forrestfield-Airport Link is one of the key projects, providing rail services to the precinct for the first time.
This market has held up relatively well amid the general decline in Perth. There have been price decreases and vacancies in some postcodes are high - but overall, in the face of the economic downturn in WA and overall depressed property market conditions in Perth, the Kalamunda precinct has shown a level of resilience.
This report covers the suburbs of Forrestfield, High Wycombe, Kalamunda, Kewdale, Lesmurdie, Maida Vale and Wattle Grove.