At­ten­tion shifts to south­west

NORTH AND SOUTH VIE FOR POP­U­LAR­ITY AS BIL­LIONS OF DOL­LARS ARE BE­ING IN­VESTED IN BOTH RE­GIONS, WRITES OWEN ROBERTS

Penrith Press - - REAL ESTATE -

BUY­ERS from Syd­ney’s north west re­gions are choos­ing to move south into the growth re­gions of Cam­den, Camp­bell­town, Wol­londilly, Liver­pool and Fair­field, ac­cord­ing to a ma­jor de­vel­oper.

The south west growth area has seen in­creased in­vest­ment over the past few years with the emer­gence of new sub­urbs Gledswood Hills, Oran Park, Ed­mond­son Park and Gre­gory Hills.

Bil­lions of dol­lars are be­ing in­vested in both re­gions, with thou­sands of jobs be­ing cre­ated and ma­jor in­fra­struc­ture projects oc­cur­ring.

Es­tate Sales & Cus­tomer Re­la­tions man­ager for Sek­isui House Craig Barnes said there was now a ma­jor de­bate be­tween house hunters whether to head north or south.

“There are many dif­fer­ences be­tween the two re­gions, with savvy house hunters look­ing for life­style choices and fu­ture growth po­ten­tial,” he said.

“New homes within these growth re­gions are proving to be a pop­u­lar choice for all pur­chaser de­mo­graph­ics, from first time buy­ers to empty nesters.”

A draft of the South West Dis­trict Plan from the Greater Syd­ney Com­mis­sion re­vealed that the dis­trict’s pop­u­la­tion is pro­jected to grow by about 373,000 peo­ple by 2036.

The Western Syd­ney City Deal, an agree­ment be­tween the NSW and Fed­eral gov­ern­ments that was an­nounced last year, helped to fuel in­vest­ment in the south­west.

“Last year, we started to wit­ness a spike in in­quiries from prospec­tive pur­chasers re­sid­ing in the north­west, plan­ning to re­lo­cate to the south­west,” Mr Barnes said.

He high­lighted the price, life­style op­por­tu­ni­ties and fu­ture growth in the re­gion as the ma­jor rea­sons for the shift.

The State Gov­ern­ment has com­mit­ted to in­vest more than $3.6 bil­lion in its Western Syd­ney In­fra­struc­ture plan over the next 10 years.

One such devel­op­ment, The Her­mitage at Gledswood Hills, is set to com­prise more than 2000 new dwellings and is just one ex­am­ple of ar­eas in the south­west that home buy­ers are buy­ing into.

The Her­mitage in Gledswood Hills is just one devel­op­ment that has sprung up in Syd­ney’s south west.

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