Perth's property development landscape is set for a significant addition, with national developer Cedar Woods Properties Limited lodging a major new residential proposal for the northern suburb of Madeley.
Details of the Proposed Madeley Development
The company has formally submitted a development application to the City of Wanneroo for a substantial $30 million townhouse project. The plan outlines the construction of 78 new townhouses on a strategically located site at 27 Madeley Parade. This land parcel, spanning approximately 1.6 hectares, is currently vacant and was acquired by Cedar Woods for $6.85 million in a transaction settled earlier this year.
According to the submitted documents, the design proposes a mix of two and three-storey dwellings. The project aims to create a medium-density community, with the townhouses arranged in a series of grouped buildings. The development will include essential on-site infrastructure such as new roads, landscaping, and communal areas to foster a neighbourhood feel.
Strategic Location and Market Context
The proposed site offers strong connectivity, positioned close to key amenities including the Whitfords City Shopping Centre and major transport routes like the Mitchell Freeway. This location taps into the ongoing demand for well-located housing in Perth's growing northern corridor.
Cedar Woods, an ASX-listed entity, is a seasoned player in the Australian property scene. The company's decision to invest in Madeley signals continued confidence in the resilience and growth potential of the Perth housing market, particularly for thoughtfully designed, higher-density living options that cater to a range of buyers.
Next Steps and Approval Process
The application is now in the hands of the City of Wanneroo's planning department for assessment. The standard community consultation and council approval process will follow. If successful, this project will represent a notable injection of new housing stock into the area, contributing to local construction activity and providing more choices for homebuyers and investors.
This move by Cedar Woods underscores a active period for residential development in Western Australia, as developers respond to sustained population growth and housing needs. The outcome of this $30 million proposal will be closely watched by industry observers and local residents alike.
