Soon-to-be residents of Capricorn Beach, Lindsay and Karina Hicks, are so excited by the prospects of living close to the beach and train station that they decided to move here!
The Hicks’ said the opportunity to build a home close to the beach in an area with improving infrastructure such as the railway planned for completion in 2021, were key factors in their decision to move.
The announcement of the rail line extension to Yanchep has spurred a lot of interest in Yanchep as it will cut down travel time to the major employment hubs of Joondalup and the CBD by 10 minutes.
From Yanchep, travel time via train to Joondalup will be just 20 minutes and commuters will reach the CBD in 49 minutes. That’s great news for Lindsay who works in the city!
The recently opened Mitchell Freeway Extension has also reduced travel time, and when complete, the widening of Marmion Avenue to Yanchep Beach Road will ease congestion too.
Lindsay and Karina are looking forward to moving from their current home in Ballajura to downsizing in Capricorn Beach. They are about to begin building in our Seabreeze Release which is just 250 metres from the beach!
“Karina and I really wanted to downsize to a coastal location; our new home will be just a short stroll to the ocean and this new infrastructure is a major bonus to the wonderful coastal lifestyle.”
The Hicks’ will also have easy access to the new $12 million Neighbourhood Shopping Centre which is currently under construction and will include a supermarket, a tavern with drive-thru bottle shop, and a Roman Catholic Church.
We think Lindsay and Karina are smart property investors as Yanchep is positioned for exceptional growth due to the rail extension.
A study of property prices in nearby Butler revealed that the extension of the railway line to that suburb had a positive impact on property values. During the period between the announcement of the Butler railway station in 2009 and when it was opened in 2014, the price of land surged! (see the study here).
If Butler is anything to go by, then the value of Yanchep is sure to escalate – the Hicks’ certainly hope so!