Massive capital investment is driving property investors from across Sydney and interstate into the South West region.
Construction of Western Sydney Airport alone is expected to generate an additional $1.9 billion for the region’s economy.
The adjacent Aerotropolis will be an accessible, innovative 24 hour city, connected globally, nationally, locally and digitally, and a prime location for investment.
This employment hub will make a significant contribution to plans for 200,000 new jobs for Western Sydney, creating an innovation precinct and a home for technology, science and the creative industries.
“Investment activity is evident on all fronts and growth within the region is progressing at a rapid pace,’’ says Craig Barnes, sales, marketing and customer relations manager at Sekisui House.
“Aside from Western Sydney Airport and the Aerotropolis, localised infrastructure projects and amenity development are well under way, including major road and rail network upgrades, new schools, hospitals and shopping centres,” he says.
The population of the South West is expected to grow exponentially, with approximately 300,000 new residents by 2031 according to the State government’s Sydney Growth Centres Strategic Assessment Report.
The NSW government has committed to investing over $3.6 billion in its Western Sydney Infrastructure Plan over a 10-year period.
“New local master planned communities positioned nearby this economic hub will continue to benefit from the expansion, as more funds are invested into the region,” Mr Barnes said.
“Investors are recognising there are opportunities to be found in the area and are obviously attracted to suburbs within close proximity to such expansion.
“One of them is Gledswood Hills, which is located within the epicentre of the South West growth corridor.’’
Gledswood Hills is inside a 15 kilometre radius from Western Sydney Airport and is an appealing investment proposition for local, wider Sydney and interstate purchasers.
According to the latest REA figures, the median price point for a home in Gledswood Hills is $800,000, with annual growth of 9.4 per cent.
Land values (per square metre) at The Hermitage estate in Gledswood Hills have on average increased by more than 200 per cent since 2012.
“The South West is still relatively affordable when compared to “like for like” developing regions, such as North West Sydney,’’ Mr Barnes said.