Western Sydney Aerotropolis: Australia’s Next CBD Takes Shape
- By Peter Gordon
- •
- 15 Jul, 2020
The Western Sydney Aerotropolis, a multi-billion-dollar development to complement the upcoming Western Sydney Airport at Badgerys Creek, is beginning to take shape.
The new city, surrounding the under-construction Nancy-Bird Walton Airport, will include commercial, agricultural, industrial and residential development and is targeting tech-centric aerospace and defence companies as well as advanced manufacturers and agribusinesses.
The site has been divided into ten precincts, with three key precincts—the Aerotropolis Core, Northern Gateway and South Creek—identified by the government as offering the greatest growth potential.
During the coming decades, residents and workers in Western Sydney will benefit from easy access to strong local and international connections and a 24-hour economy centred around the new airport.
The NSW government has forecast development at the 11,200-hectare greenfield site will drive the creation of 200,000 jobs across the wider Western Parkland City and provide industry-led education opportunities for tens of thousands of students.
The Western Sydney Aerotropolis in numbers
• 11,200 hectares underpinned by a 20-year agreement
• Six initial precincts to be developed during the coming years
• Four additional precincts to be rezoned
• 12.2 million visitors expected annually
• 200,000 new jobs projected
• Predicted to become Australia’s third-largest economy by 2036
The Western Sydney City Deal
The Western Sydney City Deal, which set out the infrastructure requirements and socio-economic objectives of Badgerys Creek, was agreed in March 2018 between the federal and state governments and eight local government areas spanning outer western Sydney.
The deal aimed to realise a range of objectives, for which the airport is viewed as the catalyst. Chief among these targets is the commitment to deliver 200,000 knowledge-based jobs by 2038.
The plan outlaid investment of $5.3 billion for the new Western Sydney airport, $3.6 billon on the road network, $2.5 billion on hospital upgrades and an unspecified investment in railway infrastructure (starting with a $50 million business case process).
The deal also outlined new transport infrastructure that will connect the airport and Aerotropolis to the broader Sydney network—including the Western Sydney Metro, which was recently green-lit.
A commitment to create an aerospace institute was then altered to be a STEM university and, subsequently, a “multiversity” higher education campus.
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Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).
Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.
Time magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time magazine?). But they might be onto something.
Time points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.
Time’s most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).
A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.