We know that when a government undertakes large infrastructure projects and upgrades, generally property prices increase over time due to the increased desirability of the region; thanks to better roads and public transport, hospitals, increased job opportunities, better schools, parks lands and recreational facilities. For this reason, it’s worth taking a detailed look at the NSW government’s plans for Western Sydney as the region is home to a quarter of New South Wales and is experiencing faster population and employment growth than the rest of the State.
Warning: this is detailed, so grab a coffee and start scanning through these city upgrades to decide where you wish to focus – it might be a suburb, an industry, or government sector that you know about, The reason for going into this much detail is because we find our clients prefer to invest in industries and regions that they know about or are in. i.e. A pilot client wanted Liverpool area for an investment. A nurse client wanted Forestville due to the new hospital.
Connecting Western Sydney With Infrastructure Projects
Connecting people to their workplace and to one another, safely and quickly, is a key priority of this Government. The Government is acting on plans to realise the 30-minute city ambition, starting with the $100.0 million joint funding commitment between the NSW and Commonwealth Governments to support planning and the development of the final business case for the North-South Rail Link.
Stage 1 of the new Rail Link will run from St Marys to Badgerys Creek Aerotropolis via the new Western Sydney Airport, connecting to the existing T1 Western train line at St Marys. This ambitious project will connect passengers and future employees to the new Western Sydney Airport and the Western Parkland City centre at Badgerys Creek/Bringelly.
In addition, this Government is working with the Commonwealth Government to fund the $3.6 billion Western Sydney Infrastructure Plan, which includes major road upgrades to support the Western Sydney Airport. The 10-year program includes:
- widening Bringelly Road between Camden Valley Way and The Northern Road, providing better bus facilities, improved safety and more reliable travel times
- The Northern Road Upgrade between Narellan and Penrith
- M12 Motorway linking the M7 Motorway to the new Western Sydney Airport
- Great Western Highway intersection upgrade at Glenbrook
- the Smithfield Road upgrade to create a four lane road as part of the Local Roads Package.
The Western Sydney Airport and Aerotropolis Jobs
The Western Sydney Airport and Aerotropolis will be a world-class precinct which will cater for a range of advanced industries and encourage further investment in the area. The Airport will create 28,000 jobs once it is in full operation including potential for flow-on jobs across the region as part of the Aerotropolis.
The Western Sydney City Deal and the Western Sydney Infrastructure Plan complement other public transport initiatives in Western Sydney, including:
- $3.0 billion Restart NSW reservation for Sydney Metro West, which is the city’s next underground metro railway, providing fast, easy travel between the Sydney CBD and Greater Parramatta. This funding, subject to the final business case, will fund project development and commencement of land acquisition, early works and tunnelling. $28.1 million in 2018-19 will fast-track the planning and final business case for this project
- $2.4 billion in 2018-19 towards the delivery of Sydney Metro Northwest
- $258.0 million in 2018-19 on Parramatta Light Rail Stage 1 to support growth in Western Sydney, creating new communities and connecting places
- $20.0 million for planning Parramatta Light Rail Stage 2 as an extension to Stage 1, which will run north of the Parramatta River and connect to Sydney Olympic Park.
In addition to these transformative projects, this Budget allocates more than $780.0 million to new roads and road upgrades across Western Sydney, including:
- $439.0 million for NSW and Commonwealth Government funded road upgrades as part of the Western Sydney Infrastructure Plan
- $130.0 million on M4 Smart Motorway technology to increase trip reliability and improve road safety
- $21.5 million on the Windsor Bridge over the Hawkesbury River in Windsor
- $19.0 million to commence construction of the Jane Street and Mulgoa Road upgrade in Penrith
- $22.0 million for the upgrade of Memorial Avenue from Old Windsor Road to Windsor Road
- $26.0 million on Campbelltown Road Stage 1 upgrade in Edmondson Park
- $10.5 million for the upgrade of Mulgoa Road between Blaikie Road and the M4 Motorway
- $7.0 million on the planning and business case for New Hawkesbury River crossing at Richmond.
More Western Sydney Infrastructure
Western Sydney benefits from almost 40 per cent of all total housing approvals in New South Wales. As more people continue to move to Western Sydney, this Government is committed to strengthening Western Sydney’s vibrant culture and lifestyle, making it an even better place to live.
The Western Sydney City Deal helps to achieve this vision and includes:
- $150.0 million for the Western Sydney Parkland City Liveability Program, with $60.0 million contributions from both the New South Wales and Commonwealth Governments and $30.0 million from local councils. This will deliver community infrastructure and public spaces that promote healthy, active lifestyles and support the arts and culture to complement new housing supply
- $30.0 million for the Western Sydney Parkland City Housing package, with $15.0 million contributions from both the New South Wales and Commonwealth Governments to ensure sustainable growth through streamlined and optimised planning practices
- $59.5 million for the construction of Western Sydney Centre of Innovation in Plant Sciences to enable the protection of an internationally significant botanical collection of more than 1.4 million plant specimens.
In addition to the City Deal, this Budget includes initiatives that will provide great leisure facilities for residents, attract high-quality sporting events and encourage local biodiversity.
- $183.7 million in 2018-19 on Western Sydney Stadium (with an estimated total cost of $360.0 million). Construction has commenced on the grandstands and the project is on track for completion in the first half of 2019
- $240.0 million in 2018-19 ($640.0 million total Government contribution) to relocate the Powerhouse Museum at Parramatta and expand storage at the Museum Discovery Centre
- $24.5 million in 2018-19 towards the Parramatta Road Urban Amenity Improvement Program to continue transforming the corridor with new homes, 50,000 extra jobs, community facilities and new open spaces
- $5.6 million in 2018-19 to continue the Western Sydney Parklands park improvement program to activate and link the Northern and Southern Parklands, improve play and recreational areas, and restore and expand the bushland corridor.
Western Sydney Health Care
The Budget recognises the need for quality, local health facilities to serve the growing population of Western Sydney. Key projects in 2018-19 include:
- Stage 1 of the Westmead Hospital Redevelopment, at an estimated total cost of $765.0 million
- Liverpool Health and Academic Precinct, at an estimated total cost of $740.0 million
- Stage 1 and Stage 2 of the Blacktown and Mount Druitt Hospital redevelopment, at an estimated total cost of $659.2 million
- Stage 2 of the Campbelltown Hospital Redevelopment (including the Mental Health and South West Paediatric services), at an estimated total cost of $632.0 million
- Nepean Hospital and integrated ambulatory services, at an estimated total cost of $550.0 million with a further commitment to Stage 2
- Stage 1 of the Children’s Hospital at Westmead Redevelopment with planning for Stage 1, at an estimated total cost of $95.0 million
- Lidcombe forensic pathology and Coroner’s court, at an estimated total cost of $91.5 million
- Westmead Hospital carpark, at an estimated total cost of $72.3 million
- Campbelltown Hospital carpark, at an estimated total cost of $34.1 million
- Nepean Hospital Car Park, at an estimated total cost of $26.0 million
- Blacktown Hospital carpark, at an estimated total cost of $18.1 million.
Western Sydney Schools
Western Sydney will benefit from the record investment over four years in new and upgraded schools infrastructure.
Education investments in Western Sydney included in this Budget are:
- Planning for: new Edmondson Park High School, new Edmondson Park Primary School, Liverpool Boys High School upgrade, Liverpool Girls High School upgrade and new Westmead primary school
- Continued work on new schools: Arthur Phillip High School, Parramatta Public School, Oran Park High School, Jordan Springs Public School, Bella Vista Public School, North Kellyville Public School, O’Connell Street Public School, Hurlstone Agriculture High School, Gledswood Hills primary school, Mainsbridge School and Yandelora School
- Upgrades are progressing at: Picton High School, Fairvale High School, Bardia Public School, Schofields Public School, Parramatta West Public School, Ajuga School, Campbell House School, Glenfield Park School, Greystanes Public School, Riverstone High School, Canley Vale High School and Carlingford Public School.
© State of New South Wales (NSW Treasury), (2018).
If you are thinking now is a great time for you to look seriously at investing in Western Sydney but you may not have the time to do all of the necessary leg work and research, be sure to give the Plan Assist team a call, as we can take care of everything for you.