Five shovel-ready development sites have hit the market in western Sydney, providing ample opportunity for builders and developers who want to hit the ground running with a pipeline heading into the new year.

The properties are being marketed by RWC Western Sydney agents Joseph Assaf, Andrew Sacco, and Alex El Hazouri.

The sites include three childcare centre development sites and two boarding house development sites.

As western Sydney’s population continues to grow, Mr Assaf said DA approved sites were in hot demand.

“These sites are all DA approved, four are CC approved and with the fifth CC approval imminent,” Mr Assaf said.

“The sellers have faced extensive delays in both obtaining DA and CC approvals that have unfortunately incurred unprecedented holding costs.

“These sites are ready for experienced builders to take over and take advantage of the substantial works that have already been completed at some of the sites.

“These sites provide the perfect opportunity for builders/developers to skip the drawn out DA and CC processes and take advantage of these assets.

“They are all childcare or boarding houses in which both asset classes are booming.”

The properties include a 1,486sqm development site at 134-136 Thomas Street , Parramatta with approval for a 10-room NDIS facility, a 2,045sqm childcare approved development site at 142 Old Pitt Town Road, Box Hill, a 1,574sqm childcare approved development site at 120 Waminda Avenue, Campbelltown, a 666.3sqm development site at 57 Deakin Street, Silverwater, with approval for an 18-room boarding house, and a 1,793sqm childcare approved development site at 16-18 Stimson Street, Guildford.

“Western Sydney is growing and evolving,” Mr Assaf said.

“How this looks will depend on successfully activating a strong development pipeline.

“We require considerable effort from the industry to ensure development capacity aligns with population growth.”

Ray White head of research Vanessa Rader said Western Sydney was earmarked for the greatest population growth across NSW and, as such, the need for housing and services would continue to grow.

“Limited new housing supply has resulted in pent up demand particularly in the rental market making affordable housing opportunities such as these developments more attractive than ever before,” Ms Rader said.

“Childcare development activity has been a little quiet over the past year, therefore quality projects in key nodes across Western Sydney will benefit from the ongoing growing family population.

“Leasing activity for childcare assets has been robust, offering investors a strong, long term income stream.”

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