Fast-tracked housing developments in Sydney’s North West good for investment

9.10.13A new growth precinct in New South Wales has seen  more than 10,300 new homes fast-tracked for 30,000 people in Sydney’s North West, which could be fantastic news for anyone interested in purchasing property – whether for owner-occupation or investment purposes.

Overall, the infrastructure will cost $170 million, with the renovation of Marsden Park providing more than 3,000 new jobs in the town centre and two village centres, according to Planning and Infrastructure Minister Brad Hazzard.

Furthermore, developers Stockland and Winten are providing major work to Richmond Road, which includes widening it by 1km, providing land for three schools and paying for sewerage, electricityand water infrastructure.

“This has helped bring forward the re-zoning more than three years ahead of schedule, with the first home and land packages reaching the market next year,” said Mr Hazzard in an October 5 statement.

“Today’s rezoning follows from an extensive consultation program with Council, landowners and residents – a hallmark of the new planning system which will deliver more homes, jobs and certainty to NSW residents.”

The development being undertaken in Marsden Park has the potential to provide up to 10,000 jobs in the neighbouring Marsden Park Industrial Precinct.

Furthermore, the development is only 15 kilometres away from the Western Sydney Employment Zone – which provides ample opportunity for property owners in the area.

Future upgrades are also being factored into the equation, with a public transport corridor in the works to link up with the Cudgegong Road station. On top of the buildings, there will also be 450 hectares of “significant vegetation and major creek corridors” throughout the area.

This development could provide fantastic investment opportunities for those looking to expand their property portfolio into newly developing, booming region of Australia’s most populous, bustling metropolitan area.

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