Chambers Fleming Padstow
2 Faraday Road Padstow
02 9771 4555
02 9773 9581Contact us
The Bankstown City Council has recently announced a number of exciting new developments for the area.
In recent months, more that $160 million has been invested in local residential and commercial developments, with 622 new developments having been approved and more still on their way.
One of the major new developments includes plans for five multi-level residential buildings on the Hume Highway in Bankstown, which will include 100 new residential apartments.
The Bankstown Council also has its own development plans for the area. There will be a CBD property renewal program, which will be redeveloping five key sites, and the new and improved Bankstown Library and Knowledge Centre is about to open too.
Within the Bankstown City Council area, Bankstown has had the most development applications lodged (80) followed by Revesby (60) and Condell Park (47).
Below is a breakdown on the amount of new developments and how much is being spent for the suburbs from Padstow to Picnic Point:
Padstow (45) – $8.37 million
Padstow Heights (14) – $1.60 million
Revesby (60) – $14.33
Revesby Heights (10) – $1.06 million
Panania (50) – $9.38 million
Picnic Point (27) – $3.93 million
East Hills (13) – $2.16 million
Milperra (12) – $690,000
Padstow to Picnic Point and its surrounds are great places to live, and this can be seen from all of the families and companies choosing to move here and invest in the area.
For anyone that is interested in finding out more about the developments from Padstow to Picnic Point and surrounds, you can find information on the Bankstown City Council website.
Our team at Chambers Fleming Professionals Real Estate, Padstow are also happy to discuss any new developments that come onto the property market, so please contact us if you would like any further information.