Tuesday, 6 April 2010

Penrith Corridor to attract investment

Professor Phil O’Neill, director, of the UWS Urban Research Centre, in Parramatta, made a presentation to the Penrith Business Alliance, on the Penrith Economic Corridor, which would stretch from Penrith Lakes in the north to the Mulgoa Enterprise Zone in the south, including the Penrith CBD and Nepean River in the west to the St Marys town centre in the east, including Nepean Hospital, UWS and TAFE. Professor O’Neill said the advantages of a ‘corridor of economic activity’, if promoted correctly, could enhance the attraction of further investment and jobs to Penrith. The PBA will convene a working group to look at ways to bring this about. through a web site that promotes the corridor, along with presenting better information on why investing in Penrith is a smart thing to do.


Schofields. Victoria developer enters region

Victorian developer, Villawood Properties has acquired a 60-hectare development site, at Schofields, plans to a project with a likely end value of $240 million comprising 800 residential lots. The lots are likely to the priced from the high $200,000s to low $300,000s, according to Villawood executive director, Rory Costelloe, in The Australian Financial Review.The project will be developed in conjunction with the land’s original owner, Dairy Corp.


Region. Big increases in population

Six local government areas in Greater Western Sydney will have their populations increase by more than 50 per cent by 2036. They are Wollondilly, Camden, Liverpool, Campbelltown, Auburn and Baulkham Hills. Official projections obtained by The Daily Telegraph predicted Camden's population would explode by 390 per cent to about 250,000 people in 2036 as a massive development takes shape in the area. Liverpool would have the second biggest boom, almost doubling to 324,000. While many areas of the city, especially the southwest, have long been earmarked as high-growth areas, the size and scope of the boom in some areas is extraordinary. It also explains why the Government has focused its attentions on transport in the southwest rather than the northwest, the paper said.