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Everyone in Western Sydney is a property developer…
It will come as no surprise to anyone who lives or works in Western Sydney that real estate development has simply exploded in recent times.
New apartments have sprung up across our urban centres, new communities are developing on green field sites, and purpose-built industrial parks are clustering around new transport infrastructure. As the population grows, there will be a corresponding need for additional homes and commercial buildings.
Shaping Future Cities: Designing Western Sydney identifies five drivers of change in the region: population, labour force skills, infrastructure, industry restructure, and urban renewal and real estate plays a vital role in all of these drivers, either as an enabler or as the primary role player.
Furthermore, five industries can drive economic and jobs growth in Western Sydney: tourism, international education, health, wealth management and agri-business. Again, either directly or indirectly, there is a key role for the real estate sector to play.
So what does the real estate sector need to do support this initiative?
Let’s seize the opportunity
The Shaping Future Cities: Designing Western Sydney initiative is by definition bold and ambitious. Creating 200,000 great new jobs is a challenging goal, but just as important are the questions of: Where will these people live? In what offices or industrial facilities will they work? And what facilities need to be built to support them?
The residents of Western Sydney need the best minds in Australia’s Real Estate sector to provide the answers. Bring it on!
 Property Council of Australia: Economic Significance of the Property Sector
David is an experienced corporate finance partner who specialises in providing financial due diligence services. He has advised clients on numerous acquisitions, divestments and initial public offerings. David is the leader of our financial advisory business in Western Sydney. David is the national leader of Deloitte’s real estate sector team. He has worked with clients right across the spectrum of building and construction through to development and funds management. David is a member of the Property Council of Australia’s Western Sydney committee.