Edmondson Park, Menangle Park, Oran Park, Bardia, Leppington and Harrington Park are some of the emerging suburbs to benefit from the start of work on Badgerys Creek Airport last week.
Property developers with land holdings in South West Sydney’s Growth Corridor say airport construction is set to accelerate investment and economic prosperity in the region.
They believe the multi-billion dollar capital injection into the airport and other major projects will benefit the whole region over the next few years.
One of them is Eric Li, the chief executive officer of Dahua Group Australia, who have holdings in Bardia and Menangle.
“Dahua recognised several years ago the potential of the South West and purchased land parcels in Menangle Park and Bardia totaling around 4,000 land lots,’’ he said.
“Over the next 10 years more than 65 per cent of Sydney’s growth is expected in the Western Sydney region.
“The private sector, state and federal governments are all collectively pumping billions of dollars into the area, which is fast becoming the epicentre of Sydney’s development activity.
The Dahua chief pointed out that major infrastructure projects are either about to start or have already started across the South Wes Sydney region.
Investment was coming from both the private and the government sector.
The new roads, hospitals, schools, sports and recreational facilities and education precincts will service the projected population growth in the area.
“Well positioned master planned communities which are located in the South West’s fastest growing suburbs are already reaping benefits,’’ Mr Li said.
“Location, location, location is a term that is always touted in property circles.’’
He said Campbelltown, which is located in the middle of the South West Growth Corridor, was a good example of the importance of location.
“Its population is forecast to grow from 158,941 to approximately 300,000 by 2036 according to the National Institute of Economic and Industry Research 2015,’’ he said.
“This gain will position Campbelltown at the forefront of Sydney’s metropolitan development.’’
Lindy Deitz, the general manager at Campbelltown City Council, agrees.
“Campbelltown is one of Australia’s fastest growing cities and will be less than 30 minutes from the Western Sydney Airport, providing significant economic stimulus,’’ Ms Deitz said.
“Overseas investment interest continues to grow in this region and is expected to accelerate when the airport arrives.’’