Region. Haulage firms lease space

Two haulage firms have leased in the region. Harris Haulage has leased a 2500-square-metre site in Church Street, Lidcombe from The Lidcombe Projects, for two years at $36.40 per square metre. John Fabien, Taylor Nicholas Western Sydney, handled the deal. Adrian Balderston, of Colliers International, arranged the lease of 225 square metres, at Cutler Road, Lansvale, to Curtis Haulage & Transport, for three years at $173 per square metre, from Pusillaro Investments.

Norwest. Business park a 'hot spot'

With the state coalition government pledging to fast-track the North West Rail Link, business along the corridor is expected to boom. One hot spot will be Norwest Business Park, which will have its own railway station on the Epping to Rouse Hill line, according to The Sydney Morning Herald.

Campbelltown. Downsizing of houses

The rising cost of living and higher interest rates is behind sales of many houses in Campbelltown where vendors have lost money. “There is a lot more downsizing going on. It’s becoming prevalent, where two years ago, (owners) had higher and bigger aspirations, said Douglass Driscoll, CEO, of the Starr Partners real estate network, in the Weekend Australian Financial Review.

Region. Rising median house prices

Western Sydney outperformed the rest of Sydney with nine of the top 10 suburbs in the latest Residex survey, posting the highest median house price jumps. “The most obvious example is Westmead, which has seen, in just five years, home values increase by $180,000," said Residex CEO, John Edwards. Last year, house prices in Westmead rose just over 20 per cent. Of the suburbs forecast to rise by more than 35 per cent over the next five years, most are in the west and south-west, particularly around Campbelltown and Liverpool. John Symond, executive chairman of Aussie Home Loans, said in the Sunday Telegraph that “areas such as Parramatta are growing quickly and attracting a larger population who need housing