The NSW Government is soon to release an interim plan that will outline the Government’s plan for delivering new jobs, homes, infrastructure and services in and around the new Western Sydney Airport. Once the interim plan is released, the next stage will be to receive feedback from the local community.
The new Western Sydney Airport at Badgerys Creek is a major Australian and NSW Government infrastructure project set to open in 2026. The $5.3 billion project build will create thousands of job and local business opportunities during the building construction phase and 28,000 direct and indirect Airport jobs by 2031, after the airport is open.
The NSW Government’s plan will look into how to better connect the new suburbs with employment areas with the planned Western Sydney Airport and the Metropolitan City Cluster of Penrith, Campbelltown- MacArthur and Liverpool.
The Western Sydney airport growth area will also benefit from the Western Sydney infrastructure plan, providing a further $3.6 billion for road investment as well as improved accessibility to and from the Badgerys Creek new aerotroplis precinct.
The Federal and NSW Governments will also jointly fund a $7 billion north-south rail link to connect Badgerys Creek Airport to the Sydney rail network at St Marys. The deal also includes $150 million for parkland facilities and plans for an aerotroplis business park in and around North Bringelly. The rail line is designed to meet the goal of putting Western Sydney residences within 30 minutes of up to 200,000 jobs to be located in North Bringelly. The rail line is planned to be opened when the new airport opens.
The Badgerys Creek aerotroplis is a planned metro area that’s adjacent to the Western Sydney airport and is zoned for manufacturing, research, medical, education and commercial activities.
So what does all this mean for property investors? We know that large infrastructure projects have the ability to add additional value to land and property values. In terms of a project scale, they don’t come much bigger than the multi-billion dollar new Western Sydney Airport project development, which means there will be a range of property investing opportunities large and small across the region over the coming decade and beyond.