Region. Rents lift for industrial property

Strong demand for industrial property in Sydney’s south-west could lift rents marginally, according to a Colliers’ report in The Australian Financial Review. The report said rents elsewhere in the Sydney metropolitan market had stabilised in the past six months. Falling borrowing rates, increasing yields and a growing perception that the market may have bottomed are expected to stimulate investment and owner-occupied markets in the first half of 2009, in Sydney.

Penrith. $10 million boost to local economy

The local economy can expect in excess of $10 million dollars to pour into businesses and services in the region when thousands of motorcycle riders from around Australia participate in the Penrith City Festival, on March 31, according to the Penrith Valley Chamber of Commerce. The Nepean Branch of the Ulysses Club is hosting the 2009 week-long festival, with assistance from neighbouring clubs in the Blue Mountains and Hawkesbury.