Short-term accommodation opportunities

Travelling in and out of Sydney is about to change, and Penrith is at the centre. Western Sydney International Airport, with transport links directly into Penrith, will bring millions of holidaymakers, business travellers and workers to our vibrant and growing city.

At a glance 

• Penrith is centrally located between the Blue Mountains and Sydney Harbour.
• An established visitor destination, with 1.64 million annual visitors and growing.
• Take in the stunning Nepean River and 2,500ha of open space and national park.
• Be surprised by outstanding food and wine venues.
• Experience more than 80 visitor attractions, some unique to the southern hemisphere.
• The only city connected to the new airport by rail. 
• Right land in the right place for tourism economy investment
• Commercial rents in Penrith are a third of the price of the Sydney CBD
• Newly opened 5-star Pullman and 1,000pax conference centre already in high demand.
• Penrith is the closest city centre to Western Sydney International Airport.

Demand is high for new accommodation investment in Penrith. Don’t miss the opportunity to be part of it; talk to us today.

Download prospectus

Western Sydney International Airport 

Opening in 2026, the Western Sydney International (Nancy-Bird Walton) Airport (WSI) will be Sydney’s new global gateway.

Australia’s first major airport in more than 50 years, WSI will benefit from 24-hour operations. Being located within the culturally diverse region of Western Sydney, WSI will see strong demand from the VFR market, with Qantas Group already signing on to operate at the site. 

Penrith is the closest City Centre to WSI and is nestled conveniently between the stunning Blue Mountains and the spectacular Sydney Harbour. This will make Penrith the new home base for travellers wanting to see all that Sydney and surrounds has to offer.  

Unmatched transport connections 

Penrith is one of Australia’s most connected cities. The Airport Metro will connect Penrith City directly to the new airport, the only city with such a connection. 

The T1 rail line takes travellers to Sydney’s east or to the Blue Mountains and Central West. Ready access to Sydney’s major motorways including the M4, M5, M7, future M12 and WestConnex means nowhere is far from Penrith. 

Plenty of developable land at competitive price points 

37% of Greater Sydney’s future supply of employment lands are in Penrith, so the opportunities here are scarcely found elsewhere.

The City already has two established centres in Penrith and St Marys. With an average rental cost of $300-450sqm for commercial space, Penrith is a far more economical option for savvy investors. 

A destination in demand 

Penrith is an established destination for day visitation attracting the leisure and recreational traveller. Penrith has recovered strongly post COVID-19, with 1.64 million people visiting Penrith in 2022; a 14% increase from 2019 (Source: Tourism Research Australia).

With more than 80 products on offer, Penrith is home to a diverse selection of experiences and attractions. Major strengths are in adventure and recreation tourism, with unique experiences not found anywhere else in NSW. 

The newly opened 5-star Pullman Sydney Penrith and adjoining 1,000pax Western Sydney Conference Centre are in high demand, marking an increasing number of business travellers coming to Penrith. This presents a fantastic opportunity to increase the supply of 4- and 5-star accommodation options in Penrith. 

A Council ready to support and guide investment

Penrith City Council is committed to nurturing a thriving visitor economy, capitalising on our natural strengths and leveraging major infrastructure projects taking place in Penrith and our region.

The Penrith Visitor Economy Strategy 2023-2030 provides a guide for all stakeholders on the opportunities in Penrith and serves as a framework to deliver on this plan.

Download Penrith Visitor Economy Strategy 2023-2030

The Penrith Economic Development Strategy is designed to build on Penrith’s strengths through a comprehensive plan of action to support economic growth and sustainable development. The strategy focuses on creating a favourable business environment, diversifying the economy, attracting investment and talent, and investing in infrastructure and services. A key objective is to create more jobs closer to home for our residents.

Download Penrith Economic Development Strategy 2023-2031