Sydney’s fastest growing region
The south-west is Sydney’s fastest growing district with predictions of more than 350,000 new residents moving into the area within the next 10 years. This coincides with a massive investment in transport, infrastructure and amenity that is set to transform the way residents live, work and play.
Nicola Powell, data scientist for Domain, says growth in Sydney’s south-west is being driven by affordability. “We are seeing a lot of new development and that is helping with people’s decisions to move out there,” she says. “Properties in some of those areas are half the median price point compared with the rest of the Sydney region.”
Powell adds that if you look ahead to 10 years there will be even more people moving into the south-west, particularly around where the new airport will be.
“Sydney’s population in a decade will be very high and while there will be further densification, we will also be expanding into greenfield sites,” she says. “So we will be expanding outwards as well as upwards.” Why the south-west will be flying high
Steve Mann, chief executive of the NSW branch of the Urban Development Institute of , says two factors that will have an impact on this region are the new airport and the expected aerotropolis that will form around it.
“However, any changes are not going to come tomorrow,” he says. “It will take some time but we have to create a city in this area that people are attracted to; it has to be somewhere that people want to live and work.”
He expects that within a decade the changes will have well and truly started. “You won’t have a whopping percentage change in that time, just the beginnings,” he says. “We’ve got six or seven years before we see the airport finished.” Areas of change
Mann adds the first wave of changes won’t be found in the aerotropolis but rather in the centres of places like Liverpool, Campbelltown and Penrith. “These centres will look to provide the broader supply of housing that’s needed,” he says. “We need 140,000 or so houses in the south-west by 2036 to take the expected 350,000-odd people that will be moving to the area.”
Mann also says that down the track there will be a greater density and diversity of product. “In time you’ll see TOD (transport-oriented development) design – where there is accessibility to public transport, and where people can live in high density homes while having access to services and amenities and transport,” he says.
Anne Lesley has lived in Ingleburn in Sydney’s south-west for five years and loves it. “There are many things that I like about this area,” she says. “It has a friendly, supportive community and an active local council that communicates well with residents.”
The rural atmosphere is another attractive feature. “It’s an area with lots of trees and it’s very peaceful,” she says. “There is also ease of access to destinations like Canberra, the Hunter Valley and south coast beaches. I also think the schools are good and there are great facilities for kids such as pools and skate parks.” Developing an urban village
The future looks bright for the area and one development that’s responding to the need for more amenities and housing is Edmondson Square (Ed.Square) in Edmondson Park. Set on 24 hectares next to the Edmondson Park train station, Ed.Square is designed to be a connected urban village with an inner-city edge.
Nigel Edgar, general manager NSW residential, Frasers Property , says it is a regionally significant development. “Ed.Square will feature a diverse mix of new housing types – apartments, terraces and townhomes – as well as a vibrant new town centre comprising up to 45,000 square metres of retail and commercial space,” he says. “There will also be more than six hectares of open space including parklands and green pocket packs which all link back to the surrounding regional parklands.”
He adds there aren’t too many locations where you can catch a train, take the family out for a meal or watch a movie all within walking distance of where you live.
“It is likely that Ed.Square is the first brand new town centre to be delivered on a new train station for 40 or 50 years,” he says. “We expect buyers will likely come from five to 10 kilometres around the area but because of its regional significance we will probably also see buyers from the broader areas.”
He adds the development won’t be completely finished until 2025-26. “We are delivering on the first stage of the Ed.Square Town Centre when our first residents move into their new homes in 2019, so they will have access to everyday convenience and amenities upfront, all within walking distance of their home,” he says.