BUSINESS HUNTER COLUMN
Excellent Outcomes
Once the symbol of Newcastle’s urban
decay, the West End is now home to half the city’s new residential developments
and will deliver at least 1,200 new apartments in the coming years.
Construction of the new Transport
Interchange has been a magnet for over $700 million worth of private investment,
but the lure of fixed infrastructure is not the only thing motivating
investors.
The $17 million Mine Subsidence
Remediation Fund has made a material difference – correcting a huge market
failure and creating the first level playing field for investors in Newcastle.
Combined with sites that have less
development constraints and allow much greater building heights, the Baird
Government’s policy settings are already paying economic dividends.
Now the mandated design excellence
process is promoting diversity and innovation.
Exciting new projects will transform
the West End with better performing sustainable buildings and great public
spaces connecting the harbour, particularly around Cottage Creek.
Media contact: Andrew Fletcher | M 0407 410 017| E afletcher@propertycouncil.com.au