Property Council welcomes announcement of Sydney Metro West Rail Line Development

Home Media Releases Property Council welcomes announcement of Sydney Metro West Rail Line Development

The Property Council of Australia has welcomed theannouncement of the approval for nine stations on the Sydney Metro West railline, due to be completed in 2030.

Property Council”s Western Sydney Director David Whitesaid the project would transform Western Sydney and provide greater accessbetween our two CBDs.

This development will spur on further growth atexisting centres, such as Sydney Olympic Park and Westmead, and for new centresand precincts to emerge at Burwood North and The Bays,” Mr White said.

“Government must now work with industry to furtherdevelop these station centres as vibrant communities and as preferred locationsfor work and home.

“This approach will help address the housing andrental crisis, especially with the apartment market, which has seen rents riseby over 12 per cent in the last year.

“Industry is keen to work further with government toensure that renewal occurs in a timely manner and that the transport accessbenefits provided by the new rail line are maximised from day one ofoperations.”

Mr White said high-density development around existingtransport nodes had the potential to deliver network-wide efficiencies, improveagglomeration economics, transform accessibility and liveability, andultimately provide better place-based outcomes for communities.

“That’s why we have called on both major parties toset targets for higher density housing around key transport hubs to takepressure out of the market while making better use of existing infrastructureassets and networks,” he said.

The new transport-orientated hubs will activatecommunities at station locations in Westmead, Parramatta, Sydney Olympic Park,North Strathfield, Burwood North, Five Dock, The Bays, Pyrmont and HunterStreet in the Sydney CBD.

All nine stations for the 23 kilometre Sydney MetroWest line were on public display last year, with stakeholder feedback helpingto refine plans for how these station and precincts would look, feel andoperate.