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