$1.1 billion of development announced
Jobs and investment will be injected into a number of areas in Sydney’s west, making them more attractive for potential residents according to a NSW government announcement.
Penrith, Narellan and Liverpool are expected to see more than $1.1 billion worth of investment due to approved rezoning late last week by the Department of Planning and Infrastructure.
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The Penrith Panthers rezoning will see $850 million worth of development, creating 2,100 new jobs. Nerellan town centre, in Camden, is being rezoned to allow a $300 million retail centre expansion, generating thousands of jobs.
Liverpool’s Orange Grove retail centre will see 400 permanent jobs created. “Providing more retail space helps put downward pressure on prices and lowers the cost of living,” said Planning and Infrastructure deputy director general Richard Pearson.
“These rezonings will allow retail development to provide the capacity needed to service the strong population growth as more suburbs are developed.
“The additional jobs created by the rezonings will also help the NSW government deliver 50 per cent of Sydney’s new jobs to the city’s western suburbs, a target set in our draft Metropolitan Strategy for Sydney.”
