Council plan boosts Holroyd prices

By Staff Reporter 13 January 2014 | 1 minute read

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.”

RELATED TERMS

Housing affordability

Housing affordability refers to the cost of housing that is relative to the disposable income of a renter or buyer.



Council plan boosts Holroyd prices
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