Shaping Western Sydney + Call to invest in region + Jump in land values  

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Penrith is New West

Help shape Western Sydney

Are you looking for an exciting career in a place of limitless opportunity?  Penrith City Council is currently recruiting an Executive Manager for City Economy and Planning. This position offers the unique opportunity to help shape Western Sydney’s destiny, while guiding a high performing organisation. With responsibility for regional and city outcomes, the successful candidate needs to be innovative and future thinking, relationship based and results focused. Click for more
Council is also seeking a Strategic Precinct Facilitator and a Strategic Property Officer. These positions, which sit within the Economic Initiatives department, will work to deliver innovative and transformative projects in the City. Click for more
Penrith sits at the point where Sydney’s north-south growth arc, Australia’s most significant future economy corridor, crosses the east-west connection. By 2031 our economic catchment will be 1 million+ people.
Click to see what ‘Penrith – Heart of the New West’ offers

Call to invest so we can 'flourish'

The National Growth Areas Alliance (NGAA) has made a formal submission to the Federal Government’s 2017 Budget process, calling for critical investment in growth suburbs like Penrith. NGAA Chair Glenn Docherty said: “The Government has acknowledged that people living in Australia’s fast-growing outer suburbs are worse off than their inner metropolitan counterparts. Despite this, the level of investment required continues to lag. Our fast-growing outer suburbs are providing affordable housing for Australia’s growing population. But they are not getting the investment needed to allow both residents and businesses to flourish." Penrith joined the NGAA (which is calling on the Government to commit to a dedicated investment package for strategic roads and rail and other transformational projects) when it launched its ‘Fund our Future’ campaign in early 2016.
Read the 2017/18 Federal Budget Submission (160KB pdf)

Jump in land values in Penrith

There has been a strong increase in land values throughout the Penrith Local Government Area (LGA). Rural land values jumped by 36.6% from 2015 to 2016, while commercial and industrial land values saw increases of 13.5% and 11% respectively. The Valuation Report for Penrith LGA, compiled by independent valuers for the NSW Government Valuer General, stated: “Penrith Council continues to be proactive in positioning itself for further growth, as evidenced in a number of studies, partnerships and strategic planning initiatives undertaken within the last few years. For example, the formation of Western Sydney Rail Alliance (formed in 2016) brought together both Penrith and Liverpool Councils and key landowners working collaboratively to advocate for essential future rail infrastructure for the region. Penrith Council has also been instrumental and active in procuring funding for a number of significant investments in major infrastructure since the previous valuation year.”
Click for interactive land value summaries
Download the Valuation Report for Penrith LGA (1.24MB pdf)

Ending the divide with walkable cities

The Committee for Sydney’s latest report Adding to the Dividend, Ending the Divide 3 shows that Western Sydney’s sprawl and poor access to walkable areas is contributing to adverse health outcomes. The report states: “Integrated land and transport planning must take the health outcomes of walkability, density and agglomeration into account... This is not only for new areas of investment. We must also renew our existing town centres to create walkable agglomerations of jobs, services and public transport connectivity. Only by retro-fitting our existing centres can we deliver on an accessible 30 minute city.”
Download the report (4.5MB pdf)
Penrith Progression established a community-endorsed vision for our City that includes building a bustling City Centre that’s a pleasure to walk and get around. We are working to deliver this blueprint that includes making inner city living a reality and creating new jobs (so our residents can work close to home). Click to download the ‘A Plan for Action Summary’ (12.2MB pdf)

New City development

Council has approved a six-storey residential flat building at 8-10 Fulton Street, Penrith (pictured). The development includes 29 apartments (6 x 1 bedroom and 23 x 2 bedroom apartments). Off-street car parking for 37 vehicles is also to be provided underground. The $7 million development, designed by MSK Architects, includes a rooftop communal space.
 Development applications have also been received from Pretech Pty Ltd for two $2.3 million developments in Werrington. The first is at 76-80 Lethbridge Avenue and includes 12 town houses and associated car parking. The second is at 97-99 Princess Street and includes 13 town houses and at-grade parking for 28 vehicles.

The Northern Rd upgrade

Work will start mid-2017 on The Northern Road, between Glenmore Parkway and Jamison Road at South Penrith. The work to be completed by Lendlease includes widening The Northern Road to provide four lanes in each direction (three general traffic lanes and a kerbside bus lane) and building a new bridge over the M4 motorway. Lendlease Managing Director Craig Laslett said: “This work will improve road transport capacity ahead of the opening of the new Western Sydney Airport and future traffic demand… we’re excited about helping unlock the economic potential of this growing region and creating jobs in the process.” The upgrade is expected to be completed by 2020. Click for more
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