Property Leads the Charge in South West Sydney
South West Sydney continues to lead the way in Australia’s current property boom. The abundance of land due to be developed and released over the next 12 months and the significant infrastructure and construction currently planned and being built is expected to be eagerly swallowed up by the market.
Lily Beckhurst started as a Graduate Engineer with Richard Crookes Constructions, the builders responsible for the current Metro Apartments and TRN House in Oran Park Town and hopes the experience she learns will be invaluable.
Her goal is to save enough and put a deposit on one of the new apartments soon to be built. “I’m really hoping to live so centrally,” said Lily.
“Connectability” is becoming a catch phrase across the Camden LGA, especially with the next round of scheduled projects due for completion” mentioned Mick Owens, General Manager of Greenfields Development Company, developers of Oran Park Town. “These following projects are scheduled to commence in 2021/22 – Oran Park Leisure Centre ($63m), Commercial 2 Building ($45m), Podium Retail Centre – Stage 3 and Hotel ($120m), Oran Park Tavern ($50m), Aged Care Centres ($70m) and Two Apartment Buildings ($50m).
“Oran Park Town is currently the closest Commercial Centre to the new airport and we’re in discussion with several hotel operators exploring the best way of delivering this accommodation offering,” said Mr. Owen.
This is in addition to the remaining $2b worth of construction planned in South West Sydney as Oran Park Town continues to align itself with the new Bradfield city. The new Western Sydney Airport, which will open in 2026 and Aerotropolis have a current construction value of $14b. The NSW State Government will be spending another $6b on the associated rail link.
Member for Camden Peter Sidgreaves said The NSW Government recognises the importance of South West Sydney and the opportunities the Western Sydney Airport and Aerotropolis will bring.
“The Western Parkland City through the Western Sydney City Deal will interconnect the new airport and surrounding Aerotropolis and contribute 200,000 jobs with less than 30 minutes travel time from people’s homes,” Mr Sidgreaves said.
Jeff Webb of Greenfields Development Company said, “the new Aerotropolis is a major driver in the state’s economy. It’s expected that this will contribute 200,000 new jobs over the next decade”.