Even before its construction is complete, demand for this upcoming Sydney suburb is already high.

Anticipation is building as the completion of the new airport in Western Sydney approaches, signalling a promising future for the surrounding suburbs. Located adjacent to the upcoming airport site, Bradfield is poised to become the bustling Western Sydney hub as two new listings become available in the area.

The city has allocated a substantial amount of $1.5 billion to establish its infrastructure, which includes roads, sewage, water, and electricity networks. The growth forecasts for this area, according to Colliers, are significant. They predict that the Western Sydney Aerotropolis will play a crucial role in job creation and economic activity in the region.

A recently listed property at 42 Derwent Road in Bradfield features a spacious 18.83-hectare site that is designated for enterprise and light industry. The property already has existing infrastructure in place. The Colliers team of Thomas Mosca, Nick Estephen, and Harry Bui is currently listing the property, with price expectations exceeding $35 million.

“The New South Wales Government’s commitment of $1.15 billion is a testament to the anticipated magnitude of this transformation, aimed at establishing a robust foundation for the city’s future,” Mosca said.

“The investment in infrastructure is a deliberate strategy to entice private capital, particularly from leading manufacturing and engineering firms.”

Located to the west of the International Airport, there is a property at 122 Mersey Rd. in Bradfield, located west of the International Airport. Spanning across 4.05 hectares, this expansive property offers an ideal layout for developers, allowing for a variety of commercial and industrial development options due to its flexible zoning. It is included in the list of Colliers Thomas Mosca and Nick Estephen.

“As the area develops, the property is expected to appreciate, bolstered by the significant infrastructure development and the influx of jobs and services that Bradfield City and the Aerotropolis Core are set to bring,” Estephen added.

Investment has already started in the region, as a group of Australian superannuation funds has acquired a 280-hectare site called Burra Park.

Situated next to the airport, the sale indicates a strong belief in the region’s future, with a multitude of projects worth over $4 billion in progress and plans to provide over 400,000 sq m of gross floor area in the next seven years.

“122 Mersey Road is not merely an investment in land, it is a stake in the future economic prosperity of Western Sydney.”

Editors Publicspectrum

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