The City of Parramatta is on its way to becoming Sydney’s second CBD. Thanks to the Parramatta CBD Planning Proposal, the area could see an estimated 43,000 new jobs and 12,000 new dwellings over the next 40 years.
Numbers that could grow even further following the news that Greater Parramatta may see the construction of a central hub for dedicated fast rail lines connecting Sydney to Newcastle, Wollongong and Western Sydney. The Herald and Nine News obtained confidential cabinet documents that noted Parramatta would deliver “easy access” to employment centres and health and education precincts.
Alongside the Parramatta Light Rail Stage 2, which could see up to 29,000 new homes built along the proposed Stage 2 route over the next 15 years, the draft strategy will significantly improve the area.
“It also includes new trains and new or improved stations that, combined with radically faster travel times, will deliver a step-change in customer experiences.”
Travel Times Slashed
Current estimates put the construction of the high-speed rail line between Sydney and Newcastle in the tens of billions, which would reduce travel times between Parramatta and Newcastle from 2.5 hours to an hour. The NSW government has also estimated other proposed fast rail travel times, revealing up to a 75 per cent decrease in travel time.
For example, the current 4 hours and 7-minute journey from Sydney to Canberra would be only 3 hours with faster rail speeds of less than 200km/h. A high-speed rail in Australia with speeds of over 250km/h would slash travel times to just one hour
The state’s 20-Year Economic Vision for Regional NSW expects thousands of people to travel along rail corridors for work, education, tourism, and attend events or access services.
The NSW high-speed rail line is estimated to be the most extensive program undertaken by any state in Australia at $87.2 billion. With the Light Rail and the 24-kilometre Sydney Metro West project connecting Greater Parramatta and the Sydney CBD (estimated to see 420,00 people move into the corridor), Western Sydney will only get more and more popular with families and new home buyers.
Parramatta, Sydney’s second CBD
With the population estimated to grow to 3.2 million by 2036, finding a home builder in Western Sydney should be a top priority for any would-be family. With thousands of homes for sale in Western Sydney, alongside new developments and an abundance of land, the triple-threat transportation boost of high-speed rail, metro and light rail makes Parramatta the ideal place to live.
And with more than 38,000 new homes and around 66,000 new jobs on their way to Parramatta and along Parramatta Road, Member for Parramatta Geoff Lee is closer than ever to achieving his dream, “Parramatta, Sydney’s second CBD.”
From your standard block of land to a knockdown rebuild, take the stress out of your new home construction by choosing a home builder committed to bringing your dream family home to life. Discover what the Best Home Builder in Sydney and NSW for the last three years running can do for you today.
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