Premier Mark McGowan has officially broke ground on Stage 1 of the $3.8 billion mixed-use Belmont Park development by Golden Group.

Strategically located just minutes from the Perth CBD, Domestic and International Airports and close to Victoria Park’s thriving residential community, Belmont Park will also be home to the city’s second largest train station.

McGowan stated: "The $3.8 billion mixed-use development of Belmont Park is a bold initiative by Golden Group, expected to create thousands of local jobs and continue the revitalisation of the Burswood Peninsula."

"This development represents great news for the WA economy, businesses and local jobs, and demonstrates the economic optimism that is returning to Western Australia."

This is a city defining mixed-use development which will transform the Belmont Racecourse precinct with new residences and hotels, as well as retailers and commercial opportunities.

Over the coming decades, Belmont Park will be redeveloped to include five unique precincts and a rich variety of living options, it truly is a landmark project that will boost the Burswood Peninsula.

Over the 20-year life of the project, developers Golden Group expect $10 billion to be injected into the economy and more than 25,000 local jobs to be created.

The first stage of the project will see the creation of 1,500 new apartments, 6,000 square metres of retail space and 20,000 square metres of commercial space.

McGowan continued, "This precinct will benefit enormously from the public transport network already in place and as the community grows, it will benefit from easy connections to other metropolitan precincts and urban centres via METRONET.

"METRONET is more than just a public transport network - it will link diverse urban centres, provide opportunities for greater density development and create thousands of local WA jobs.

"My Government is committed to working with both the public and private sectors to create a strong and diverse economy, and secure long-term jobs for Western Australians." 

Click here to view the official Golden Group website with information on the development.

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