The Sydney Metro Northwest is just the start ($8.3 billion funding from the NSW Government). There’s also the upgrade on the Hambledon Road, Schofields Road and Richmond Road. Other transport infrastructure projects are also in the planning stages so that the rapidly changing Hills District can support and sustain its own growth.
The overall plan is to create more homes, jobs and essential services. Whether it’s the result of the area becoming a popular place to live in or the government initiatives that started it all, North West Sydney is becoming more attractive and vibrant through each passing month and year. The growing communities will have access to more schools, amenities and opportunities.
New opportunities in the North West Sydney
More than 33,000 new homes will be built by 2026 and these are available in varying price points and housing types (e.g. family homes, terraces, studios, apartments). This means more options for up to 250,000 people when it comes to owning a home. And over the next three or four decades, up to 90,000 homes could be built and developed.
Often growing communities attract commercial opportunities. Right now there’s enough land zoned for employment and industrial purposes that could support up to 43,000 jobs. There will be a cascading effect here because each employee is a customer of several businesses. In addition, each business is a customer and/or a supplier of several other firms. We could think of this as interdependent gears that drive the entire engine of growth. Each gear (each job and each business) is vital to the function of several or the rest of the gears in the engine.
Additional employment lands are being identified to better support job and economic growth (Marsden Park and the growth corridor between Marsden Park and Rouse Hill). This will then again have a positive cascading effect where more residential and commercial opportunities will flock in. As a result, more residential and commercial structures will be developed.
Aside from the structures themselves, development is never complete without the links that connect structures and people. Customers and employees need to efficiently get to the places of business. Also, businesses need to get their goods and supplies in a quick and cost-effective way. The links or transport infrastructure are vital to all that.
Earlier we mentioned the Sydney Metro Northwest ($8.3 billion funding from the NSW Government). This is the network of links that will make it more efficient to go into the different suburbs of Hills District and beyond. Traffic decongestion is the immediate effect because the new rail system will reduce the number of cars on the road (the region has the highest car ownership levels per household in NSW). This is important because it’s expected that an additional 200,000 people will move into Sydney’s North West over the coming decades (the total population will then be 600,000). If there’s no reliable public transport service, more cars will get into the roads especially during rush hours. Heavy traffic conditions always result to lost productivity and more pollution. Good thing is the Sydney Metro Northwest is in place which will help people get to their homes and workplaces in a faster and more economical way (expected to open in second quarter of 2019, up to 15 trains per hour once fully functional). This huge project is also a breakthrough because it will be the first fully automated metro rail system in Australia.
Residential, commercial and transport infrastructure work together to create a truly liveable and attractive community. It’s an integrated system with interdependent parts and each one is crucial to the smooth function of the whole. For instance, people (especially the young ones) often choose to live in places where there are work and business opportunities. On the other hand, businesses often get established in areas with an efficient transport network for logistical reasons (so that goods and materials can be cost-effectively delivered, received or distributed).
What this means to the construction sector and developers?
Each structure built often leads to another. It’s especially the case with the large government infrastructure projects that start to turn the gears. Road and rail projects (whether new constructions or upgrades) will make certain areas more accessible and thereby more attractive to commercial investors. Wide roads and a reliable public transport service also make the place more attractive to individuals and families who are planning to establish their roots and lead a profitable career or business.
This means the construction sector will experience huge growth if we think about the long term. Month by month and year by year the numbers might fluctuate because of slowdowns, delays and market conditions. But if we’re looking at the next 10 to 50 years, expect more structures to be built not just in North West Sydney but in the entirety of Australia.
In case the construction sector undergoes a slump for a few consecutive years, there might be bigger problems than the construction activity itself. The national economy and global markets might be in peril (zero growth or economic recessions). So as long as the economy grows and we’re committed to growth by investing appropriately, construction will always be a constant activity here in North West.
This is also good news for developers because they’re among the initiators and catalysts in growth. It’s a win-win situation for both the developers and end users especially when the land and property prices are kept reasonable (and there’s a control on residential density). Developers can get handsome profits while the end users get to enjoy what North West Sydney has to offer now and in the years to come.
The challenge then is to execute the projects accurately and cost effectively. Local and international developers and firms contact us here at Geosurv when it comes to land and construction surveying. These professional technical services are crucial in planning accurately and maximising the opportunities being presented by the site.
Contact us today here at Geosurv and you can only witness an accurate, efficient and professional service from our team. With our strong client focus since 2005, we now have a strong presence in Sydney, Canberra, Newcastle, Wollongong, Albury, Brisbane, and the Gold Coast (with plans to extend our reach to Victoria and WA).