US retail giant Costco is expanding its footprint in Australia with a new store planned for Perth’s northern suburbs. The company announced it will anchor the Home X Trade Hub at Alkimos Central, a $33 million retail and services precinct set to open in 2027. This new location adds to Costco’s growing presence in Western Australia, where it already operates two stores.
Costco is set for its expansion in Australia
Expansion and Strategic Location
The Alkimos store will be Costco’s third in Western Australia, joining those at Perth Airport and Casuarina. The northern corridor is a fast-growing area, and the Home X Trade Hub is designed for large-format retailers requiring extensive space and car access. Construction is scheduled to start in late 2025, with the store expected to open by 2027.
Costco’s country manager for Australia and New Zealand, Chris Tingman, said the company prioritises sites close to members and large enough to accommodate their comprehensive offerings. He said, “Costco sees Alkimos as dynamic and fast-growing and we believe we can bring great value to the community.” The store will offer a full suite of goods and services, including discounted fuel, specialty services, and ample parking facilities. 
Location of the upcoming Costco store in Alkimos Trade Hub
Economic and Community Impact
The Western Australian government highlighted the significance of Costco’s decision. WA Planning and Lands Minister John Carey stated, “The arrival of Costco at the Home X Trade Hub presents a unique opportunity for businesses to align themselves with a global retail leader.” He added that the store’s opening will support local jobs, stimulate small businesses, and provide convenience for residents.
The government also noted the City of Wanneroo’s population could nearly double by 2036. Minister Carey said, “The Home X Trade Hub at Alkimos Central will support local jobs, services and economic development for years to come.” The new development is part of a broader vision to enhance amenity and economic growth in the northern corridor.
Other Developments in the Area
The Home X Trade Hub is part of a larger 24-hectare precinct focusing on bulky-goods retailing. Nearby, developer Centauria plans to develop a 2.4-hectare site featuring a supermarket, childcare facility, and medical centre, also scheduled to open by 2027. These developments respond to increasing demand in the region fueled by rising population and property prices.
Costco’s Expanding Australian Presence
Costco entered the Australian market in 2009 and now operates 15 stores nationwide. Its Australian footprint includes locations in Victoria, New South Wales, Queensland, Western Australia, South Australia, and the Australian Capital Territory. The company reported annual sales around $5 billion in Australia, highlighting its significant market position.
The retailer’s business model focuses on offering quality products in bulk at competitive prices. Memberships provide access to a wide range of goods, special services, fuel stations, and parking. Costco’s country manager Chris Tingman noted the company’s steady growth and ongoing search for new warehouse sites in the country.
Future Plans and Market Position
Costco’s expansion aligns with its global strategy to increase warehouse openings while maintaining a focus on proximity to members and comprehensive service offerings. The new Alkimos store will compete in Australia’s $120 billion supermarket sector, which is dominated by Coles and Woolworths. Costco continues to distinguish itself with its unique bulk purchase model.
The Home X Trade Hub partnership reflects Costco’s confidence in the northern corridor’s growth potential. The development is expected to attract significant customer traffic, benefiting other businesses in the precinct. This expansion underscores Costco’s role in Australia’s retail landscape and its commitment to serving growing communities.
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Summary
Costco’s new store at the Alkimos Central Home X Trade Hub will open in 2027 as the company’s third Western Australian warehouse. The $33 million development aims to support local economic growth and job creation. The store will offer a broad product range and services tailored to member needs. The project reflects both government and corporate confidence in the region’s long-term growth prospects.
This expansion is part of Costco’s broader national growth strategy, enhancing its competitiveness in Australia’s supermarket industry. The new Alkimos store will contribute to the evolving retail environment in Perth’s northern suburbs, offering value and convenience to the community.
