A new strategic plan from the Holroyd City Council has seen a rise in local house prices, according to the mayor.
The population of the Holroyd council in Sydney’s west is predicted to grow by more than a third over the next 20 years.
Local mayor Nasr Kafrouni said the council’s new Local Environment Plan (LEP) had already pushed up property values.
"Our homeowners are already benefiting from our new LEP with land values increasing by more than $1 billion over the past three years,” he said.
Mr Kafrouni said the program was expected to increase job opportunities in the region as well as improve housing affordability.
The five-year plan features 21 projects, including an upgrade to the Wenworthville Town Centre.
Under the plan, the council will also explore the possibility of high density housing in the region, such as new unit and apartment developments.
Mr Kafrouni said the LEP would maximise the social and economic development of the Holroyd region.
“Holroyd's community is growing and we want to make sure that this is a positive thing for our city's future and our residents," he said.
"This means we need to look at bringing new, quality business into the area, creating more local jobs and opening the doors to affordable housing options.”
Your enquiry has been sent to a local Aussie Mortgage Broker.
We will be in contact with you shortly.
- Give expert mortgage advice to help you find great investment loan deals
- Help you maximise return by lowering financing costs
- Save you time and effort by helping with the paperwork