NEWS

Demand for DA approved sites close to public transport on the rise

Exciting new development site in Leppington to hit the market.

The Liverpool and Camden Councils are one of Sydney’s fastest growing residential regions, experiencing a rise in the number of DA approved residential development sites as demand for denser housing becomes not only a necessity, but a reality.

One suburb of great interest from developers and residents alike is Leppington, located 55 kilometres south-west of the Sydney CBD where the precinct is expected to accommodate a minimum of 7,000 dwellings for approximately 24,000 future residents. 

According to the South West Growth Delivery Structure, a Major Town Centre is proposed within Leppington where jobs, shopping, entertainment, community and government services will be focused for 300,000 new residents of the South West Priority Growth Area.

Key features of the plan for the major centre include a large retail and commercial centre for the South West centred around the new Leppington Station with capacity for approximately 13,000 retail, bulky goods, commercial and service jobs as well as new open space, recreation areas and new pedestrian and cycle links.

Private Chinese syndicate is taking advantage of the opportunities for denser housing within close proximity to the new station and is bringing its 20,000sqm site at 76 Rickard Road, Leppington to market via an expressions of interest campaign through Joe Sacco of Colliers International.

The site, which has DA lodged for 250 apartments is just a 1.2 km walk to the newly-constructed railway station and 750 meters to the proposed Major Town Centre.

According to Mr Sacco, Senior Executive, Sydney Metro Sales for Colliers International “This is only one of five sites in the Leppington Precinct with DA lodged within close proximity to Leppington railway station.

“We are seeing increased appetite of investor interest in the area and expect a lot more from local and offshore developers looking to presence themselves in the market, especially aligned with a site within close proximity to public transport and amenities” he said.

The Australian and NSW governments are funding a 10 year, $3.6 billion road investment program for Western Sydney. The Western Sydney Infrastructure Plan will deliver major road infrastructure upgrades to support an integrated transport solution for the region and capitalise on the economic benefits from developing the planned western Sydney airport.

The Plan provides improved road transport capacity ahead of future traffic demand, as planned residential and employment development comes online in Western Sydney growth centre precincts and the Broader Western Sydney Employment Area.

Mr Sacco believes “this work will transform the region’s economy and make Western Sydney an even better place to live and do business”.

Badgerys Creek has been confirmed as the site for Western Sydney's airport. The government has suggested that construction is expected to begin in 2016 and will be completed by mid-2020s. During the peak of the construction, an estimated will 4,000 jobs will be generated.

76 Rickard Road, Leppington is for sale via an expressions of interest campaign through Joe Sacco of Colliers International, 3pm Thursday 27 October 2016

76 Rickard Road Leppington

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