The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
2 WEEKS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE MORE THAN 550 ALREADY ATTENDING
2 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
InfrastructureStaff WriterSun 21 May 17

Industry Praises Federal Government Airport Funding

iStock-521466036_620x380

This month’s announcement that the Federal government has committed to funding the future Western Sydney Airport at Badgerys Creek is welcome news for the property industry and many developing suburbs in Western Sydney.

Developing South-Western Sydney suburbs such as Gledswood Hills, Oran Park, Gregory Hills, Harrington Park, Leppington and Cobbitty are set to reap the benefits of this announcement. All are located within a 15 kilometre radius from the future Badgerys Creek Airport and have major expansion plans in place over the coming years.

DevelopmentReady.com.au Managing Director Nick Materia said the consistent announcements relating to Western Sydney Airport at Badgerys Creek has already seen property prices increase for local residents.

"The project has had a strong and positive effect with many landowners experiencing a near-doubling of property values over the past 12 months as a result of a steady stream of information confirming the Federal Government has approved and will build this project," he said.

"We expect to see large-scale subdivision projects hit the market in coming years within surrounding areas, with larger development firms likely to be strong players moving forward," Mr Materia said.

DevelopmentReady.com.au is Australia's leading hub for buying and selling development-approved and development-potential sites.

Craig Barnes, Estate Sales & Customer Relations Manager, Development & Communities for Sekisui House said, “There is no doubt the positive effect of this announcement provides local business, and businesses looking to relocate to South Western Sydney, the opportunity to either start, or expand their future plans. We also expect heightened buyer interest in the region as a direct result of this announcement. Current residents and prospective home buyers looking to secure a property within these key suburbs will appreciate the benefits of such growth.

“The future growth, connectivity and lifestyle choices offered by developing suburbs such as Gledswood Hills are continuing to make South Western Sydney an appealing option to a broad range of home buyers. Employment opportunities expected to be created within the region over the next 8 to 10 years will cover a large cross section of industries including construction, hospitality and infrastructure.”

The Western Sydney City Deal announced last year by the Australian federal government is expected to create more than 100,000 jobs. It is envisaged that stage one of Badgerys Creek Airport will alone create over 8750 jobs. Construction of the airport will generate $1.9 billion for the local economy, with a further $400 million across the rest of Sydney. Construction of the airport is set to begin in 2018.

The State government has committed to investing over $3.6 billion in its Western Sydney Infrastructure Plan over a 10-year period.

ResidentialIndustrialAustraliado not useConstructionPolicyConstructionPolicy
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
View All >
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
Income growth and price dips have done little to improve the situation, according to fresh data from the Urban Land Inst…
LATEST
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
2 Min
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
3 Min
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/industry-praises-federal-government-airport-funding