Northbridge – realestatesource https://www.realestatesource.com.au Commercial and residential property news Sun, 17 Apr 2011 04:15:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Northbridge – realestatesource https://www.realestatesource.com.au 32 32 Northbridge Link to Connect Perth and Northbridge For the First Time in 100 Years https://www.realestatesource.com.au/northbridge-link-to-connect-perth-and-northbridge-for-the-first-time-in-100-years/ Sat, 28 Nov 2009 20:27:42 +0000 http://realestatesource.com.au/wordpress/northbridge-link-to-connect-perth-and-northbridge-for-the-first-time-in-100-years.html Northbridge LinkTHE final plan for Perth's Northbridge Link has been announced for a 13.5 hectare site, around Horseshoe Bend.

The $500 million plan will see Perth's central train and bus station sunk, and a new town square developed on land above. The development will include public gardens, retail, business and residential areas, and will connect Perth and Northbridge for the first time in 100 years.

WA Premier Colin Barnett said work will begin next year, and take four years to complete.

About $250 million of funding will come from the City of Perth council, Federal and State governments.
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More than 1,650 new dwellings, and about 244,000 square metres of commercial space (office, and retail) is expected to be developed on the site.

Mr Barnett said the Northbridge Link “aimed at finally joining the entertainment precinct with Perth” and “would add vibrancy and attractiveness to the city.”

He said the project will be a legacy of this generation, to future generations.

“In a hundred years time the area we’re standing on now, which is largely a wasteland, will be the centre of a modern Perth in the 22nd Century.”

]]> Victoria Has Australia’s Richest and Poorest Average Workers: ATO https://www.realestatesource.com.au/victoria-has-australias-richest-and-poorest-average-workers-ato/ Sun, 17 Apr 2011 04:15:49 +0000 http://realestatesource.com.au/wordpress/victoria-has-australias-richest-and-poorest-average-workers-ato.html SUBURBS in Victoria accommodate Australia’s wealthiest and poorest average workers.

According new Australian Taxation Office research, Portsea (pictured, right), about 90 minutes south of Melbourne, is home to the country’s highest earners in 2008-2009, up from third position a year earlier (those 2007-08 figures were released last year).

The average income for Portsea residents was $198,987 per annum.
]]> Sydney’s ritzy Point Piper – which topped last year’s list but is now second – has residents earning an average taxable income of $176,396. Mosman, on the north shore, ranked third ($155,549) followed by Bellevue Hill ($154,005) and Palm Beach ($153,605).

New South Wales suburbs held seven of the top ten positions. Vaucluse (where residents earn an annual average of $144,271), Hunters Hill ($141,567) and Northbridge ($136,570) also appeared.

The only other Victorian suburb to rank in the top ten was Toorak, which ranked second last year but sixth in 2011. The state also accommodates the regional town of Hexham, which has the lowest earning residents (average $33,543).

Mosman Park in Western Australia was the only non-NSW or Victorian entry. With its residents earning an average $144,046 per annum, it came in eighth. In 2007-2008, according to the ATO, Mosman Park ranked ninth.

1.    Portsea, Vic
2.    Point Piper, NSW
3.    Mosman, NSW
4.    Bellevue Hill, NSW
5.    Palm Beach, NSW
6.    Toorak, Vic
7.    Vaucluse, NSW
8.    Mosman Park, WA
9.    Hunters Hill, NSW
10.   Northbridge, NSW

Source: ATO 2008-2009 statistics (released April 2011)

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