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Continued Investment in Sydney’s Infrastructure

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With the conclusion of the NSW State Election and the re-election of the The Liberals and Gladys Berejiklian Government we turn towards what is to come. In their election promise, the Liberal Government promised a continuation of investment in infrastructure. Further to this, on Tuesday evening Treasurer Josh Frydenberg delivered his first Federal Budget. A budget that promised tax cuts, major infrastructure investment up to $100 billion and a budget surplus by 2019/20.

With infrastructure being a major focus of both State and Federal Governments, what is on the horizon? In this post we investigate the future of Sydney’s Greater West region. 

Published at the end of March, post the State election was the updated NSW Government’s Transforming Sydney Program. In this program the Government introduced further Metro line services including;

  1. Western Sydney Airport: From St Marys to the Western Sydney Airport and Aerotropolis (Opening 2026)
  2.  West: From Westmead to Barangaroo, including stations at Parramatta, Sydney Olympic Pack and the Bays precinct (opening second half 2020's)

The stations and service align to key growth areas within Sydney – particularly the Western Airport zone, which is set to support 28,000 direct and indirect jobs by 2030, with a further 200,000 in the nearby Aerotropolis. The West service is yet to identify stations; however the proposal is set to include Parramatta, Olympic Park, Westmead, the Bays Precinct and Sydney CBD.

The proposed stations hit targeted areas of employment and employment growth including the Westmead hospital district, and Olympic Park which is set to house 23,000 residents by 2030 and job opportunities for up to 34,000 people. As well as existing residential zones such as the Bays Precinct, including Strathfield, Burwood North and Five Dock.

 

With the proposed new service lines in Sydney’s West we will see how the further investment in these infrastructure impacts the suburbs it’s surrounds across both residential and commercial real estate.

Eugene White, Director Development Sites said, “The opportunities created by the two recently announced rail lines will be transformative to Sydney. They will fix poor planning from the past and set a new course for the future.”

 

“Economic development in Parramatta, Westmead and the Greater West has been held back for decades as the transport links to Parramatta, Sydney’s second biggest city, have historically been very poor. The new Metro West line (as well as M4 WestConnex extension) will not only will improve the transport links to employment hubs but will be the catalyst for quality infill development between the CBD and Parramatta. It is exciting that this will coincide with the updating of Local Environmental Plans.”

 

“A big part of Sydney’s future growth story will be Western Sydney Airport and the Aerotropolis precinct. Including a metro concept in the early stages of planning, rather than after development as occurred with the North West growth corridor, will assist the timely planning of land uses and its delivery.”


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Peter Chittenden

Managing Director | Residential

Residential

Sydney CBD

My professional knowhow stems from an extensive career in Residential property development, project marketing, site acquisition and property valuation.

I rejoined Colliers International 11 years ago as Managing Director, and since then I have worked to grow my team and our Residential division by more than 300%.

Across the country we have successfully launched and sold over 100 Residential projects, and we have played an instrumental role in every aspect of these successes for our clients.

I have built a team that offers the complete end to end service for our clients and customers alike, from the site aquisition right through to the sale and settlement of every last apartment. 

My 30+ years of experience in real estate, and genuine passion for property has seen me involved across numerous key industry bodies and groups, as well as the establishment of my own thought leading blog, projectagenda.com.au with over 4000 followers from within the industry. 

Prior to my time at Colliers International, I held the position of National Sales and Marketing Manager for Stockland Apartments. During his time I launched and managed a national portfolio of major projects and led a large national sales and marketing team. Prior to this, I started and ran my own successful project marketing company, Realm Project Marketing, for three years specialising in large land estates, housing and apartment projects predominantly in NSW, providing a high level of service that extended beyond the traditional sales appointment.

In my earlier role at Colliers International I was the National Director, Residential Land Marketing, where I established a highly successful division which led to the appointment of our business to project market several major estates in Sydney and Melbourne, which commenced long lasting relationships that our business still maintains today. 

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