Articles

Aug 14, 2022

Hilton underground power lines increase property prices?

Works are currently underway for more than 500 homeowners across Hilton to have their power connected to underground power and old street poles replaced with LED street lights. Western Power had identified that the old street poles and overhead wires were of a significant age and risk profile. The works are expected to be completed by the end of 2022.  When first announced back in October 2020 the total cost of the project was forecast at $8.5 million with Western Power paying $7.4 million and the City of Fremantle paying the remaining $1.1 million, proposing to recoup the costs with a levy in 2022-2023 rates notices. The levy can be paid off over seven years and discounts for some concession card holders apply. What are the pros and cons for homeowners? The Cons Naturally the installation of the underground power cables will cause some disruptions, including to traffic in the local area. It may also impact those seeking to sell their Hilton properties in 2022. The rates levy is another consideration as the City of Fremantle passes costs on to homeowners.  The Pros Once completed the street scapes will be less cluttered with power lines no longer visible and new, modern street poles with LED lights will be in place. The removal of powerlines allows street trees to grow to a greater height and with a reduced need for maintenance and improved safety with less damage to power lines from falling trees (2014 Hilton Tornado).  Mi Casa Property Group have noticed that suburbs where power is installed underground see an increase in property values.  Fremantle Mayor Hannah Fitzhardinge spoke of the benefits of the project in December 2021 at a Hilton Precinct Group briefing. “This pilot project presents a unique opportunity for Hilton residents to access the benefits of underground power at considerably less cost than would normally be the case.” “Underground power not only provides a safer and more reliable power supply, it also improves the appearance of the street, allows street trees to grow to their full height and increases property values. “It also means there will be more capacity to cater for future demands like solar power and electric vehicles, and the area will get brighter, energy-efficient LED streetlights. “Representatives from Western Power and the City will be at the briefing to answer all of your questions, so I’d encourage everyone to get down to the PCYC on Tuesday and hear all about this exciting project.” For all real estate sales and leasing inquiries in Hilton contact Mi Casa.