Up to 11,000 homes in Sydney's west
Western Sydney will house more people in the future, thanks to upcoming land releases in the area.
For anyone taking out a construction home loan in the New South Wales capital, this may come as good news.
More development in the west
Sydney's west has become a popular area for residential property development.
In the year to March 31, NSW experienced strong population growth, according to the Australian Bureau of Statistics. With an increase of 114,500 residents, it's clear the boost in numbers may present some housing challenges if supply can't keep up.
As of the end of March, the entire nation's population was 23.4 million.
Land releases in Sydney may help alleviate demand for housing in the popular capital city.
New homes and facilities
There will be space for 11,000 new homes in Western Sydney, thanks to the recently announced land releases.
But that's not all that's in store.
"Land releases at Leppington and around the future Cudgegong Road Station will unlock 11,000 new houses, along with the shops, cafes, parks, road upgrades and schools that will help make them homes," explained Minister for Planning Pru Goward on November 10.
Anyone taking out a home loan or investing in real estate will no doubt be concerned with the nearby facilities, and it seems the west is striving forward to offer residents the best of the best.
For instance, the North West and South West rail links help homeowners and tenants who need to commute during the weekday.
In the Cudgegong Road precinct area alone there will be up to 4,000 new houses, according to Member for Riverstone Kevin Connolly.
It's thought the development will boost job opportunities, making it a potentially good investment location or place to settle down in. With low interest rates, taking out a home loan in upcoming months could be a favourable option.
"With 16,000 square metres of retail space for new shops, restaurants and cafes and other services, the Cudgegong Road precinct will generate more local jobs," Mr Connolly said.
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