Castle Group has paid $119.5 million for a 41.32-hectare landholding in southwestern Sydney’s Austral and plans to develop 550 homes on the site, set among Western Sydney Parklands.
The developer’s acquisition of the site, 7.5 kilometres from Western Sydney Airport – due to open next year – is Castle Group’s seventh in southwestern Sydney and doubles its footprint in the area to more than 1000 homes in one go.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
