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STEM pilot + Penrith's real estate 'trifecta' + Development news

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Penrith is New West

STEM agenda alive in New West

PricewaterhouseCoopers has been named as the first employer partner for a Pathways in Technology (P-TECH) style pilot at McCarthy Catholic College, Emu Plains. The P-TECH model is a partnership between schools, industry and the community to provide pathways for more young people to achieve qualifications in science, technology, engineering and maths (STEM). PwC National Skills Leader Sara Caplan, a strong advocate for the STEM agenda, said industry buy-in is critical to the success of the pilot. “The nature and type of work we do in Australia and the region is changing and we must ensure the students of today have the right skills and training for the job needs of the future,” Ms Caplan said. “This is a fantastic opportunity for both students and businesses in Western Sydney and we encourage other employers to get involved.” The pilot will start in January 2017. 
Click to get more information

Penrith's real estate 'trifecta'

Penrith is one of four NSW suburbs tipped to have above average capital growth in the next year, according to a recent NAB Property Survey.
Read the report Realestate.com.au says the current annual growth rate in median prices for Penrith is 12.9%.There is high market demand, with 916 visits per property compared to a NSW average of 591. The online portal states: “Penrith has the trifecta – lifestyle, convenience and affordability… as the last major suburb standing between metropolitan Sydney and the delights of the Blue Mountains National Park, Penrith locals have a lot of reasons to be proud."  Read more at realestate.com.au  Penrith remains one of the state’s more affordable suburbs according to Economy.id with median house valuations $33,162 lower than that of NSW.
By 2036 most greenfield land reserves in Penrith will have been developed, according to analysis by .id the population experts. In Predicting the Growth Suburbs of the Future .id map growth in Sydney over the past 20 years and highlight the suburbs containing the highest rating areas.
Also, UDIA NSW in partnership with Mecone, have recently released a new online resource called the Residential Development Review. RDR, updated every six months, provides information on key growth areas and market trends. It offers insight into future development of the North West and South West Growth Centres, which Penrith connects.
Download the Residential Development Review 

$38M apartments underway

Construction of the Omega Apartments in Kingswood is about to get underway. The complex, costing $38 million to construct, includes 191 residential apartments and 5 ground floor retail spaces. It is located opposite the emergency department at Nepean Hospital and a short drive from the Penrith City Centre. Listen to architect Brian Mann from Robertson + Marks describe the unique features of the development, including a roof top garden and views of the Blue Mountains. Michael Coco, from Ray White Glenmore Park, is selling 10 of the apartments in the Stage 1 release and says high demand from local professionals is expected.

New development applications

Recent development applications received by Council include:
  • Two six-storey apartment buildings, with ground floor retail, at Lord Sheffield Circuit, Thornton - costing nearly $35 million, and
  • A $7 million six-storey apartment complex with basement car parking at 10 Fulton Street, Penrith. The development includes a rooftop communal space.

Henri Marc in Top 50

Penrith’s renowned café Henri Marc has been named in this year’s Good Food Guide Top 50 Cafes in Sydney. Henri Marc is the only Western Sydney café to make the list. The Reuben Hills coffee, salted caramel thickshake, caramel toast, duck egg soldiers and sourdough toast with tomato and ricotta were all given special mentions by Good Food. Husband and wife duo Aaron and Sophia Bernecki, both chefs by trade, opened Henri Marc in August 2013 after moving back to their native Penrith. The cafe featured in our recent 'We are the New West' campaign.
Click here to read the Good Food Guide's full review
Penrith’s Blissful Babies Parenting Hub has won the Innovative Workplace category in The Daily Telegraph’s Go West campaign. Owner Sharon Vella said she was “really humbled that people in our community validate what I do and value us”. Read more
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