Sunday 13 September 2009

Norwest. $200 million in projects

Property investment and development company, Capital Corporation, has $200 million in projects either underway or DA-approved, in the 377-hectare Norwest Business Park, which already incorporates more than $1.5 billion in offices, warehouses, shopping centres, hotels and community facilities, in a former brickpit site, which now houses more than 800 companies and 15,000 workers, according to The Sydney Morning Herald

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Westmead. Hospital 'run into the ground'

Doctors have said the Westmead Hospital – a Sydney University teaching hospital– was being “run into the ground” for lack of funds, according to The Daily Telegraph, which revealed that the Sydney West Area Health Service was about $60 million in debt. Western Sydney hospitals will only be allowed to perform 30,812 operations a year and will face penalties if they exceed the quota. At least 105 health workers have taken voluntary redundancies while another 100 nurses will leave the Sydney West Area Health Service, according to the newspaper.

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Region. The west outperforms the east

A dramatic role reversal is playing out across Sydney's suburban landscape as double-digit house price falls in the east and north are matched by similar price gains in the west. A regional breakdown of house price statistics by the Fairfax-owned Australian Property Monitors shows the median house price in the city and eastern suburbs slipped below the $1 million mark last financial year, down 10.8 per cent to $960,000. On the lower north shore, home to Sydney's most expensive housing, prices also fell 9.2 per cent to $1.18 million. Meanwhile, a rush of first-home buyers has helped reinvigorate the south-west and west. Median house prices in Canterbury and Bankstown jumped 8 per cent to $443,000. According to the demographer Bernard Salt, it is a case of ''winners to the west and losers to the east''.

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Region. Improving water quality

The Hawkesbury Nepean Catchment Authority is partnering with the Department of Primary Industries to carry out a two-year nutrient smart farms project, as part of the recently announced $77.4 million Hawkesbury-Nepean River recovery Package by the Australian Government

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Bankstwon. Sebel on the move

While Sebel Furniture has moved its head office and R&D facility from Bankstown to a new 1200-square-metre complex, at Padstow, on a 10-year lease, the company’s manufacturing operation will remain in Bankstown.

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