CBD is 'primed for a real estate boom'

At the geopgraphic centre of Sydney's divided real estate market is Parramatta, a once-maligned regional hub that is attracting the eye of residential investors looking to capitalise on affordable housing prices and rising rents, according to "The Bulletin" magazine. Parramatta is spearheading the rise in the harbour city's middle-ring suburbs. A thriving commercial centre and the completion of Parramatta's transport hub upgrade last year have also underpinned investment in this culturally diverse region. Parramatta Lord Mayor, Paul Barber, says the boom in development would frimly establish Parramatta as an economic powerhouse and the central hub of Western Sydney.