Parramatta Set to Rival Sydney CBD
Look out Sydney, Parramatta is hot on your heels as the boomtown capital of Western Sydney. With 33 major projects proposed, Parramatta will be giving Sydney a real run for its money as the major corporate hub. The sky really is the limit for this prosperous region with an $8 billion building spend likely over the next five years.
Major developments include the $1.4 billion Civic Square set to roll out in five stages. This will include a new campus of the University of Western Sydney and a 90 storey mixed use tower set to reshape the Parramatta skyline.
According to Parramatta Council, development applications have doubled from last financial year and experts are predicting that Parramatta could overtake Adelaide to become the fifth largest CBD in Australia.
With the West continuing to experience rapid growth, it makes perfect sense that this city will boom.
Already home to two million people living in the region, another one million are predicted to move West over the next 20 years. According to BIS Shrapnel senior manager of infrastructure Adrian Hart, Parramatta had ‘the greatest growth potential of anywhere in Australia over the next five years.’
Western Sydney is quite simply one of the hottest investing locations right now and with Parramatta the rising star, Massland developments are perfectly positioned to capitalise. Our sites are just 30 minutes away from this vibrant and thriving hub.
If you haven’t already locked into a slice of this property goldmine, contact a Massland Investment Representative today. Fill in a Financial Snapshot and email it to [email protected] or call Gemma or Simon on 075 531 7822.