Parramatta housing supply forecast: 22,100 new homes by 2023
Parramatta will continue to do the “heavy lifting” for growth in the west as it transforms into a “desirable” place to live.
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Parramatta will continue to do the “heavy lifting” for growth in the west as property experts say a new “cosmopolitan buzz” is making it one of Sydney’s most desirable places to live.
The NSW Planning Department’s latest housing supply data shows Parramatta is estimated to have 22,100 new dwellings by 2023, the highest of any local government area in Sydney and up slightly from the previous five-year target of 21,650 to 2021.
Blacktown is next with 18,300, ahead of Sydney (14,850), Liverpool (11,950) and The Hills (11,700).
Developers are battling a slowdown in the housing market, but experts say the billion-dollar building boom in Parramatta is setting it up for a bright future.
“The Greater Sydney Commission wants most of the growth to be around Parramatta as it becomes Sydney’s second city,” Urban Taskforce CEO Chris Johnson, a former NSW government architect, said.
“There’ll be thousands of government jobs coming to the west, particularly when Parramatta Square is finished, and there’s a new cosmopolitan buzz already happening.
“Along with this, you have a boom in Westmead with the hospital upgrade, and Eat Street (in Parramatta CBD) is absolutely humming after the opening of Bankwest Stadium.
“Parramatta has turned a corner and it’s become a desirable place to live.”
Western Sydney Business Chamber executive director David Borger said the massive housing growth in the west must be supported by new infrastructure including the “critical” Metro West project and Parramatta Light Rail Stage 2.
“Plans for both of these can’t be delayed any longer,” Mr Borger. “The government wants to put all this extra housing in Parramatta, which is doing the heavy lifting for Sydney, but it must be supported by the infrastructure improvements.”
Parramatta Deputy Mayor Michelle Garrard agreed, saying that the State Government needs to “work closer” with local councils on planning.
“We need more new schools in western Sydney, not just upgraded ones, to support the residential growth,” Cr Garrard said.
“There is inadequate before and after school care as we move towards having more two working parents in households.
“The State Government needs to work more collaboratively with councils on housing targets and how we come up with broader planning for our local communities.”
Planning Department executive director Justin Douglas said councils, along with the development industry, service providers and state agencies, had “significant input” into putting the housing supply data together.
“The forecast helps to inform decisions on future land-use zoning to ensure there’s a solid pipeline of new housing supply,” Mr Douglas said.
“It takes account of current residential developments under assessment, approved but not commenced construction and those under construction, as well as analysis of likely future development under current zoning and planning controls.”
Parramatta Council is preparing a Draft Local Housing Strategy, which will help it manage major housing growth and meet the GSC’s targets.
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