Ambitious Liverpool has bright property future

The future of property in Liverpool is bright according to the Property Council of Australia as the area finds strength in an ambitious outlook for the future.

Property Council NSW Executive Director Jane Fitzgerald will today speak at the Invest Liverpool event and says the area is going from strength to strength.

“Liverpool is ambitious in its future goals; in its economic growth and creating an environment that is good for investment.

“The Liverpool Local Government Area has population growth of 2.3 per cent – almost twice the NSW average.

“By creating an environment where property investment, growth and expansion are encouraged, we can ensure that people have everything they need to flourish in Liverpool and contribute to the local economy.

“Investment from the University of Wollongong, infrastructure such as the Badgerys Creek airport and the continual improvement of transport options in the area promote confidence.

“I know Liverpool is currently finalising its redevelopment plans for its Civic Place redevelopment. The mix of uses and the quality of design for both public and private buildings will be of the highest order and will revitalise the south end of the city.”

One area that requires a greater focus is office space where Liverpool’s vacancy rate is higher than other centres in the south west.

“The vacancy rate here in Liverpool is currently 11.5 per cent and demand is weaker.

“A range of strategies might be of assistance here such as the relocation of government agencies or departments to the area as has occurred in Parramatta. This would help create an environment conducive to investment by the private sector and higher demand for space.”

Media contact: Jane Fitzgerald | M 0419257835 | E jfitzgerald@propertycouncil.com.au