Council has called on the NSW Government to reserve the North-South passenger rail corridor as a priority in its feedback on the Greater Sydney Commission’s (GSC) draft West District Plan. Council's submission supported a '30 minute city' concept but called for commitment to robust transport and infrastructure development. A North-South Rail link is the key to unlocking the potential of the North-South economic corridor, creating a stronger region, connecting the West District to the Western Sydney Airport and local residents to opportunity. Click to read more
The Property Council’s Chief Executive Ken Morrison says the Western Sydney Airport (WSA) is the Harbour Bridge of today – the Harbour Bridge would not have been built if today’s infrastructure metrics had been applied, but has paid for itself many times over. Click to read more
The WSA has the potential to become a job engine for Western Sydney, according to Property Australia. An independent assessment found the WSA has a benefit cost ratio of more than 1.8, meaning it will deliver long-term benefits to the economy. Airports are one of the few types of infrastructure that create more jobs after they are built than during construction. Click for more
New West development
Council has recently approved a six-storey residential apartment building at 42-44 Lethbridge Street, Penrith (pictured). The $20.3 million development includes 55 apartments and basement parking.
Council has also received a development application for a senior’s housing development at 40-48 Garswood Road, Glenmore Park (pictured). The application, totalling almost $60 million, includes 160 self-care apartments, associated facilities and basement parking.
Penrith suburbs soar
Llandilo is Penrith’s fastest growing suburb with a median growth of almost 29% over the last 12 months. According to CoreLogic data the median sale price in Llandilo is currently $1.49 million, which is a jump of over $1 million from $450,000 in 2015. Luddenham and Castlereagh are also among the top performers in Western Sydney. Read more
Finding the 'missing middle'
A change to state planning regulations could help Sydney’s housing affordability crisis, according to a new report by PricewaterhouseCoopers (PwC). In PwC's Affordable Housing Initiative report they say the key to gaining traction on affordable housing is addressing the 'missing middle' with options that offer more variety and flexibility like townhouses, terraces and manor houses - a combination proving popular in the award-winning Thornton Estate in Penrith (pictured). PwC propose an amendment to the State Environmental Planning Policy (Affordable Rental Housing) 2009 which would see multi-dwelling housing permissible in the R2 Zone, allowing low-scale development (3-10 dwellings) on existing single residential lots and providing an uplift in density. Click for the full report
New West on the right track
Council’s Acting Economic Initiatives Manager Kate Speare and ICT Operations Manager Jane Howard (pictured) attended the Cities 4.0 Summit in Melbourne last week, where leading experts discussed how ideas and technology can make cities smarter. “Listening to how clever technology, planning and development can make cities smarter has made me confident that Penrith New West’s forward thinking is definitely on the right track,” Ms Speare said. Click for more on Penrith New West
Major infrastructure that will transform Western Sydney was a key issue at the Summit. The Greater Sydney Commission's Deputy Chief Commissioner Geoff Roberts described Sydney as a 'metropolis of three cities' including a new Western City and said more transport options are needed to connect them. Mr Roberts said that a ‘triple city’ approach was essential so Greater Sydney could truly become a connected, 30 minute city. “In terms of ‘4.0 Sydney’, fundamentally, we think it’s about equity of opportunity of housing [and] jobs,” Mr Roberts said. Click for more
$10m boost to research and innovation
Western Sydney University’s (WSU) National Institute of Complementary Medicine (NICM) welcomed two philanthropic gifts totalling $10 million this week – the largest in WSU’s history. WSU Vice Chancellor Professor Barney Glover said the gifts will support research and innovation in integrative and complementary medicine at NICM - an example of universities and industry collaborating to drive research. The Blackmore Foundation and Australian natural health company Blackmores each gifted $5 million. Click to read more
Penrith is a place of limitless opportunity. It is located at the point where Sydney’s north-south growth arc, Australia’s most significant future economic corridor, crosses the east-west connection. Penrith is the heart of this Growth City, which we call the 'New West'.