Experts discuss promising economic future for New West
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- Written by: Kara Threlfo Penrith City Council (02) 4732 7777 (02) 4732 7958 council@penrithcity.nsw.gov.au https://www.penrithcity.nsw.gov.au 601 High St Penrith NSW 2750 Australia
Game-changing investments in infrastructure in and around Penrith will provide unimagined opportunity for those looking to invest in the region in the next five to ten years.
Infrastructure such as the Western Sydney International Airport and Sydney Metro Greater West will turn Penrith into a 30-minute city.
In Penrith City Centre, new office accommodation space will meet the growing demand in the professional services sector and City Park and Regatta Park developments will provide crucial green spaces for the increased population of workers and residents.
The potential of the New West was highlighted at the Coleman Greig NAB Outlook 2025 Economic Forum. The event, sponsored by Penrith City Council, was held in Penrith on February 26.
Mayor of Penrith, Ross Fowler OAM opened the event and gave attendees an insight into what Penrith will look like in 2025.
Tapas Strickland, Director of Economics at NAB, discussed the ways in which international events affect the Australian economy and shared insights on the labour and housing markets.
Sam Sangster, CEO of the Western City & Aerotropolis Authority, spoke about the Western Parkland City, Smart Cities, and the jobs and educational opportunities the Western Sydney International Airport will bring to the region.