Sydney’s newest suburb nears completion
Sydney’s newest suburb nears completion
Posted on Monday, February 10 2014 at 3:47 PM
The New South Wales Minister for Planning and Infrastructure, Brad Hazzard, has announced the suburb of Bungarribee will be finalised three years ahead of schedule.
Known locally as Bunya and located 33 kilometres west of the
CBD, the suburb will eventually house up to 800 homes and 3000 new residents.
Hazzard says the take-up rate by new owners has exceeded
expectation.
“Over 650 lots of the 820 have sold in under three years and
demand for the remaining 170 lots is hotter than ever, with future residents
visiting the sales office daily.”
The suburb’s 55-hectare site is on the former Overseas
Telecommunication area at Doonside and was developed by the State Government
under the UrbanGrowth NSW initiative.
House and land prices range from around $525,000 for a 400-square-metre
lot to $630,000 for a 600-square-metre site.
Hazzard has declared it “boom time” in Western Sydney and says
the pace isn’t set to slow.
“Recent housing figures show over 16,700 new homes were
approved in Sydney (from July to November) which indicates we are on track to
have the strongest year of housing approvals in Sydney since 1973.
“We are approving the equivalent of a new Bunya every week in
Sydney.”
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