A 276ha rural-zoned site at Appin in rapidly expanding south-western Sydney has been listed as a masterplanned community opportunity.
The site at 460 Brooks Point Road at Appin is in an area slated for change with 10 land rezonings already under assessment with the NSW government.
The region is part of the state government’s newly announced $73.5-million Rezoning Pathway Program, which aims to kickstart rapid rezoning to meet demand for new housing supply in this area and bypasses councils.
The property neighbours a site owned by Walker Corporation, which filed a planning proposal for 12,000 homes late last year in a new community called Appin Grove. The developer has previously outlined a proposal to add 50,000 people to the region as part of the state government’s Greater Macarthur growth corridor.
Lendlease and Ingham Property also own parcels of land in the Appin area that are earmarked for fast-tracked rezoning and potentially significant uplift in land value.
The state government’s Greater Macarthur region plan for urban redevelopment and long-term housing solutions has drawn fire from the Wollondilly Council, which claimed it was over-development of Appin and nearby Wilton without infrastructure to support it.
Colliers Australia agents Joe Sacco and Frank Oliveri are marketing the site for the vendor, Blight Investments.
Sacco said: “[This site] will allow the incoming purchaser the opportunity to lodge a rezoning application to masterplan the site, with urban design analysis suggesting it has the potential to deliver over 1800 lots.”
The site is 23km from the Campbelltown CBD and 50km from the Western Sydney Airport.
New South Wales’ well-documented housing affordability crisis received another blow after Sydney was recently named the least affordable city in the world in a Demographia International Housing Affordability report–for the second year in a row.
UNSW housing policy experts Professor Hal Pawson said a broad-based land tax would go some way to addressing housing affordability issues.
Pawson said it would bring more under-utilised land to market, improve housing supply and discourage speculative hoarding.
