UP to 20,000 homes will be built on Sydney's fringes under a major land release, creating new communities serviced by schools, shops, police stations, golf courses and cycleways.
In a deal with the State Government, developers agreed to pay 100 per cent of infrastructure costs - including roads, water and sewerage - on almost half of the new properties in Sydney's fast-growing southwest.
Construction is expected to start next year on 12,000 homes at the Oran Park and Turner Rd precincts of the southwest growth centres.
Land for an additional 8000 homes also will be fast-tracked for release at East Leppington and Lowes Creek after five developers entered negotiations with the Government.
Growth centres are to deliver 181,000 new homes around Sydney - boosting the population by 500,000.
A rail link to the new communities is in the early stages of planning.
Houses would be built no further than 400m from public parks and open spaces linked by a network of walking and cycle routes. Bus stops are planned to be no more than a five minute walk from homes.
the Oran Park and Turner Rd precincts would house about 33,000 and create 7700 jobs.
"These plans will create liveable communities for hard-working families with a mix of housing, jobs, schools parks, transport and seniors," he said.
"Importantly, these precincts will offer a choice of housing including houses, units and terraces for young singles, couples and seniors."
The Oran Park precinct includes 7500 dwellings for around 22,000 residents. Turner Rd will have 4000 new homes for about 11,000 residents.
Oran Park and Turner Rd will share in $438 million over four years for infrastructure.
Plans including regional road upgrades, community and recreation facilities, five primary schools and a high school will be on public exhibition for six weeks.
NHR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held