NSW North West Growth Centre (NWGC) Road Network Strategy

For those of you with properties in the Riverstone and Schofields precincts, new information on proposed road upgrades will be of interest.

( more info here http://www.rms.nsw.gov.au/documents...west-growth-centre-denmark-link-road-1511.pdf )

The overview map:

 

There seems to be a HUGE project from URBIS to build a multipurpose, multistorey construction work for residential, retail and commercial purposes in the corner of Grange Avenue & Richmond Rd. This project is worth $338M. That's a third of a billion dollars!!!


This one easily dwarfs the combined worth of IKEA, Bunnings, and Costco projects across the road. Would this type of works translate to strong medium & long-term growth for properties in Marsden Park/Schofields/Colebee area? And what about surrounding areas such as Dean Park, Glendenning, or even Hassall Grove. What do you guys think?

 

http://www.planning.nsw.gov.au/en/P...~/media/6D8408CF7FB1487FB32630A53DFADA76.ashx

Read page 60. 5000 jobs by 2031. Long way away.

 

I did say "long-term growth." Never been one to make a quick buck.

 

Considering Marsden Park is the more affordable option of all new homes in the NW, then you'd think it'll do well long term.

 

My father in-law just went to see a client on Friday who sold his 25 acre Box Hill property to a prominent home building company. Some serious cash exchanging hands.