Good news for home seekers

It’s nice to report positive news for people seeking somewhere affordable to live with access to central Sydney.

The NSW Department of Planning and Infrastructure plans to transform a run-down industrial area along the foreshore at Wentworth Point into a residential community with 2300 homes and public access.

The plan is in line with a long-term strategy to build more housing closer to Sydney’s infrastructure.
The State Government owns the 19-hectare site near Sydney Olympic Park. The site is either vacant or contains industrial works such as machinery storage and a truck depot.

“These plans will help turn this site into a vibrant community and open space close to transport, infrastructure and jobs,” says Planning and Infrastructure Department deputy director-general Stephen McIntyre.

“The plans will help us meet Sydney’s housing needs while creating new open space and recreation trails along Sydney Harbour, in line with the aims of our draft Metropolitan Strategy.”

Mr McIntyre says the plans underline the NSW Government’s approach to complete upfront planning alongside community consultation.

The proposal includes a four-hectare park around the peninsula with cycling and walking paths, a school by 2017, residential buildings, plus maritime facilities and supporting retail outlets.

Wentworth Point was identified in March as one of eight initial Urban Activation Precincts across Sydney, which include nearby North Ryde and Epping.

These precincts will share $50 million funding to improve infrastructure and create up to 172,000 homes across Sydney before 2031.

Posted in First Home Buyers

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