Region's building boom heightens

THE release of land for thousands of homes across western Sydney continues at a rapid rate, with housing approval figures at their highest in almost 11 years.

Since 2011, 100,000 homes have been built in western Sydney, with land rezoning for 49,000.

On Richmond Road at Marsden Park alone, land is being cleared to make way for the 2000-home, 178-hectare Elara development, with 48 lots sold last Saturday to pre-qualified buyers.

More than 100 lots have been sold at the 700-home Greenway development, also on Richmond Road at Marsden Park, which will be home to IKEA, Bunnings, Masters and Costco once complete.

"There's a massive housing boom occurring and the unlocking of up to 6600 new housing lots at three sites will boost supply and make homes more affordable," Premier Mike Baird said.

Next week's state budget will increase the first-home buyers grant threshhold for new homes to $750,000.

This story Region's building boom heightens first appeared on St Marys-Mt Druitt Star.


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