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Prices for units in Blacktown have increased markedly. Prices for units in Blacktown have increased markedly. Featured
16 June 2013 Posted by 

Blacktown house prices climb faster than Sydney

RECENT economic indicators show median house prices in Blacktown have increased by 4.5% over the last year.

This is in contrast to the negative growth experienced across the Sydney Region (down 1.7%) and New South Wales (down 3.3%).

The median price for flats and units in Blacktown has also increased by 6.7%, higher than the small average growth for the Sydney Region (0.2%) and in contrast to the negative growth for New South Wales (down 1.1%).

Blacktown’s current population is 313,000. Having grown by a staggering 10.8% in the last five years, the city’s population is expected to reach 500,000 people by 2036.

Home of the North West Growth Centre, Blacktown City Council continues to make a major contribution to planning high quality residential development to accommodate Sydney’s growth.

To accommodate a growing population more diverse housing is required. Therefore, urban consolidation across Blacktown is fundamental tio futrure growth.

Greater emphasis on the key town centres to provide this additional housing is an integral part of the new planning framework, known as the draft Blacktown Local Environmental Plan 2013.

As an example, the Blacktown City Centre is proposed to create significant mixed-use developments; retail and commercial development with apartments above.

Such development will vary in height ranging from eight to 23 storeys. The aim is provide further stimulus to the local housing market. 

The planning framework for the Blacktown City Centre provides capacity for some 18,000 new dwellings. Construction has started at the corner of Main Street and Sunnyholt Road for a 14 storey mixed use residential and commercial development and will feature 82 residential apartments, four levels of basement car park and 1 level of commercial/retail premises on the ground floor. 

The development is situated at the gateway to the City and is a stylish and contemporary design with units facing north enjoying city views.

The proposal also intends to protect and retain two significant fig trees on the western boundary that will enhance the environmental presentation of the development.

 



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Western Sydney Business Access (WSBA) covers the business and community issues of the Greater Western Sydney region of Australia. WSBA is the popular media source for connecting with the pulse of the region and tapping into it's vast opportunities and networks.