Blacktown just announced new CBD plans

[nolive]

Hi

I've been considering buying another IP (house) in the St Mary's and Mt Druitt area and just saw this today. What do you guys think of the potential CG influence of this news on the surrounding suburbs?

Do you think a house in these suburbs are a better choice than an older unit in Granville area?

http://www.dailytelegraph.com.au/ne...e-jobs-for-40000/story-e6freuzi-1226459347659

Thanks!

 

[devank]

It would be good for the suburbs in between Parra and Black town.

 

[JennD]

I've sent the link through to a couple of journos in the office to see if they can do some more research, will keep you posted

 

[Shahin_Afarin]

This is very interesting - would be keen to know timeframes...

 

[JennD]

This is very interesting - would be keen to know timeframes...

Colleague wrote a bit about this: http://www.spionline.com.au/home/10984-new-investment-hotspot-revealed

Also worth a look at council meeting minutes: http://bcc.yarratech.com/EBP%20BlackTown/bccwebpapr.nsf/0a80c6650f2a47b0ca25701b001649f8/c1ad9cd2cb02c2a7ca257a0c0010bf1d/$FILE/A1SD320065.pdf

 

[Shahin_Afarin]

Wow this is pretty big news. Great for western suburbs.

 

[DaveM]

I am dubious, especially the high rise/business park thing.

Parramatta high rise office space is half empty.
Norwest Business Park, which is right on the north eastern border of Blacktown (just inside The Hills council) is half empty. And yet they keep building more and more buildings with no tenants.

 

[Newbieatlife]

LOL..somersoft manipulating house prices through media

I agree with DaveM...upside would be new looking CBD (which is badly needed imo) but highrise office buildings money could be better spent building better infrastructure, transport and resi-focused developments

 

[komstak]

We went to a christening couple of weeks ago at Blacktown. Noticed lots of changes at First Avenue. Paul's Warehouse has been renovated and is now occupied by Marist Youth Care. The building next to it used to be a smash repair. It is now a government training centre. There is also a new multi-level commuter car park. The old ice skate rink is now a medical centre.

Centrelink built a new building along Second Avenue. Blacktown showground appears to be getting a facelift.

Wind of change in the air at Blacktown.

 

[twobobsworth]

WeThe old ice skate rink is now a medical centre.

Now that brings back some old memories.