Thursday, 9 August 2012

Penrith. New residential figures

Approximately 27.5 per cent of all new residential subdivision approvals across Sydney’s greenfield release areas were approved in Penrith over the last year. Figures released under the Sydney Metropolitan Development Program Monitor show a total of 1161 approvals for future residential dwellings were approved in Penrith between May 2011 and May 2012. With an average Penrith household size of 2.9, these figures will lead to 3367 new residents in Penrith when construction of dwellings is completed – predicted over the next 18 – 24 months. “These are real plans for more detached dwellings that will see Penrith sustain its recent impressive rate of growth”, said Bijai Kumar, CEO of the Penrith Business Alliance.