More than 38,000 new homes and around 66,000 new jobs are on their way for Parramatta and along Parramatta Road, after plans for the future of the area progressed.
Minister for Planning and Minister for Homes Anthony Roberts said the NSW Government had finalised changes to planning rules around Parramatta CBD, guiding a vibrant and robust future for Greater Sydney’s second CBD.
“Parramatta is one of the fastest-growing local government areas in Western Sydney, and this proposal will make it an even better place to live and work,” Mr Roberts said.
“We need to optimise land for homes while building sustainable and resilient communities. The finalisation of these plans are the culmination of work with Parramatta City Council to unlock more than 11,000 new homes and almost 16,000 new jobs in the CBD.”
Mr Roberts said comprehensive traffic studies along Parramatta Road have also wrapped up, showing what infrastructure is required to support 27,000 new homes and 55,000 new jobs that will be created along the corridor in the next two decades.
“Work is already underway to bring to life our vision for the road and surrounds. The completion of this analysis enables councils to progress planning proposals to unlock hundreds of millions – if not billions – of dollars' worth of investment,” he said.
Member for Parramatta Geoff Lee welcomed the finalisation of the proposal for Parramatta CBD.
“It has always been my goal to make Parramatta Sydney’s second CBD. So by finalising the changes to the planning rules around Parramatta’s CBD, we can unlock more land and essentially build more homes,” Mr Lee said.
“We are also investing $49 million towards significant infrastructure projects in the area. The NSW Government is backing Parramatta and setting our city up for the future. This is a great win for the local community.”
Infrastructure to be delivered over the next 12 months includes: