Build Your Dream Home in the...
The South West Sydney Growth Corridor
Developers and the government alike are pouring billions into what’s often called the “South West Growth Corridor.”
These dollars are going into infrastructure, as well as planned communities. Some of these new planned communities are Oran Park, Austral and Gregory Hills.
A Profile of South West Sydney
The South West Sydney area has been changing, particularly in the last years with all the new development.
Once known as a working-class area, South West Sydney has been morphing into a popular place for professionals and young families who are looking for a better standard of living, more community amenities, and newer housing.
South Western Sydney has seven local government areas (LGA). Each LGA is diverse and unique. The area has a population of over 950,000. Most people living in the South West Sydney area are between the ages of 19-64. Children under 18 represent about 35% of the population while people over 65 represent only 16.65%.
The economy in the area is booming and it’s currently at the level that many economists would consider full employment – where so few workers are available that companies begin to raise wages to attract help. With the development and population increase growing simultaneously, the low 3.37% unemployment rate is expected to remain steady.
Value For Money
As the median home price in Sydney has continued to climb over $1 million, people have looked to the suburbs as a way of, not only escaping the cost prohibitive prices but also the congestion, pollution, and stress of the big city.
Most prospective homebuyers still struggle to afford the high prices in the city and are seeking alternatives.
The median house price for Gregory Hills is just $648,000 according to Domain.
In the next 10 years, the South West Sydney area is expected to grow by more than 350,000 people. It’s considered, by far, the fastest growing area in Sydney.
Affordability is the main driver, according to Nicola Power of Domain. “Properties in some of those areas are half the median price point compared with the rest of the Sydney region,” says Power.
Steve Mann, chief executive of the NSW branch of the Urban Development Institute of Australia, declares that to accommodate the more than 350,000 new residents, the area will need around 140,000 new houses. Some of these houses have already been built, while many more are on their way. It’s clear, however, that the entire growth of the area has been methodically planned.
Western Sydney Airport
After decades of debate on the ideal location for a much needed 24-hour, curfew-free airport near Sydney, the Western Sydney International, also known as Badgerys Creek Airport, began construction in September 2018. It’s estimated that the project will generate over 4,000 jobs during construction and over 60,000 jobs over time. All the communities in the surrounding areas will benefit greatly from this investment.
The NSW Government’s Department of Planning and Environment is working with Camden Council (the area’s LGA) and the community to meet the needs of Oran Park through a coordinated approach.
“The new revitalised community at Oran Park will benefit from up to 7,540 new homes.” These homes will be close to public transportation and will benefit from new schools being built, lots of open space (over 140 hectares), a dozen playgrounds, parks and areas of recreation.
There will also be approximately 18 hectares of employment land, which include a town centre. This new town centre will be a vibrant hub with a wide variety of restaurants, apartments, offices and civic buildings. All these new places will, of course, bring lots of new jobs to the community.
Jayson and Jodie Neill moved to the Oran Park Town in 2016. They moved there with their 15-year-old daughter, Kaitlyn and their 12-year-old son, Damon.
What attracted them to the area was the well-organized full-scale plan that was in place. When visiting the community, Jayson said that “it sounded like it was going to be the perfect place to raise a family.” The Neills are not alone, the Oran Park Town will eventually be home to 25,000 residents.
Oran Park Town is growing at a fast pace. It already has over new schools open, 3 sports fields and 6 playgrounds. It has wider roads, which make them safer streets and kilometers of walking paths. Prospective residents are welcomed to visit the Display Village, which features 69 display models that are certain to accommodate any budget or design preference. The median property price is approximately $770,000.
You can visit our DISPLAY CENTRE at Oran Park. Click here for details.
As with Oran Park, The NSW Government’s Department of Planning and Environment is also working with the Camden Council as well as the Liverpool City Council to coordinate the growth of the Austral area.
The area is projected to have over 17,000 new homes and deliver a plethora of local amenities including a new major centre and three neighborhood centres, a new Leppington station, over 220 hectares of employment land, 135 of recreation areas and open space and major road upgrades. The area will also have new schools, including high schools. Plenty of walking and cycling roads are also planned.
Most of the residents of Austral were born in Australia, however, the area has a diverse mixture of residents from all over the world, including a large Italian population, with over 10% of its residents born in Italy. Approximately 50% of the residents speak more than one language.
The local government area (LGA) is the the City of Liverpool. According to Domain the median price for a four-bedroom house in Austral is $670,000.
Click Here for our HOT PRICED Packages in Austral.
Gregory Hills has been meticulously planned to provide its residents with a wide assortment of shopping, dining establishments, and entertainment. There’s plenty of places for outdoor activities, including 10 new parks and sports fields.
The Gregory Hills Town Centre has over 8,500 square meters of retail, including over 20 specialties stores and a Woolworths and BWS. The Gregory Hills Town Centre also has a medical centre.
Some of the popular destinations for dining out in Gregory Hills include the Gregory Hills Hotel, ll Sapore, Blue Agave Mexican Cantina, and The Orangeville Meat Company.
The LGA for Gregory Hills is the Camden Council. The median price for a house in Gregory Hills is $648,000.
Click here for our HOT PRICED Packages in Gregory Hills.
Predicting the growth of a city is a complicated business. Cities tend to grow slowly and adjust to the ebb and flow of the market. Currently, the South West Sydney area is the fastest growing area of Sydney and the country. Typically, as demand for new housing arises due to market conditions, construction begins. When the demand slows down, developers modify their plans and reduce future inventory.
The South West Sydney area does not fit the typical growth paradigm. First, it wasn’t haphazardly planned to meet sudden and unexpected demand. It was planned meticulously for over 10 years and it went through all the necessary red tape that slows down any hasty decisions.
Second, it was coordinated to meet the future demand of a planned international airport with billions of dollars in investment.
Third, it coincided with the skyrocketing prices of real estate all over the country that begged for more supply.
Future Families Benefit
In the next 15 years, the city of Sydney will grow by over 1 million people to 5,875,309 from the current population of 4,859,432.
There is already a tremendous shortage of housing that needs to be addressed. The South West Sydney area is addressing part of this shortage with its new developments in towns such as Oran Park, Austral, and Gregory Hills.
It’s hard to imagine a scenario in the foreseeable future where overbuilding becomes a problem. In fact, it’s the lack of building in general, coupled with rapid population growth in the city, that practically guarantee a stable, robust and ever-appreciating real estate market in the area. Of course, there will always be seasonal market corrections, but in the long term, the Sydney market in general, and the South West Sydney area in particular, are expected to be a great place to invest and live.
The continued explosive growth of the South West Sydney area is close to certain. There are just too many people in the Sydney area who are interested in moving to a tranquil, more affordable area. The area has something for everyone, from the new family who wishes to raise their kids in a better environment, to the single professional who is attracted to the modern houses, as well as the restaurants, bars, and entertainment.
Register Your Interest Now
Champion Homes always has quality home and land packages in this area, priced with value for money in mind and with lots of inclusions that others leave out. Get in touch today by filling in the form below. We'll be happy to help.