Property Market Information: Developments in Sydney's north western suburbs highlight investment potential

By the resi financial blog team, 04 August 2014

Invest in Sydney's North West

Future development of Sydney's north western suburbs aims to create three new, vibrant centres for housing and employment as part of a major renewal program across the New South Wales capital. Now could be a brilliant time to consider taking out an investment home loan and begin making moves into the growing market, with the rising population expected to hit in the coming decades pushing demand for accommodation. 

The New South Wales government is planning on revitalising the three precincts around the new Bella Vista, Kellyville and Showground railway stations alongside the $8.3 billion North Western Rail Link. The broad plan aims to create up to 19,000 new jobs across the three communities and up to 12,000 new homes in the areas to support growth.

Minister for Planning Pru Goward said the necessity of community involvement was important to keep residents at the heart of the decisions. 

"These precincts will receive up to $15 million in New South Wales government funding for local infrastructure, as well as millions of dollars of private sector investment, which will benefit both existing residents and those who will make the neighbourhoods home in the future," said Ms Goward in an August 1 statement. 

"Under a new government initiative, the local community will be in the driver's seat in deciding which local infrastructure projects are delivered, with up to $5 million of New South Wales government infrastructure funding made available for each precinct." 

Ms Goward outlined that more than 100,000 additional people were expected to call Sydney's north western suburbs home by 2031, which makes it vital for the development of the region to get started as soon as possible. 

Investors looking for a new region to move into should get in contact with a financial lender and begin discussing the investment mortgage options available to them. 

Categories: Home Loans, Property Investment