A U S T R A L I A C O V E R E D

NEW SOUTH WALES
The epicentre of Sydney’s CBD continues
to shift whilst Western Sydney begins to see
growth and demand.
The traditional epicentre of the City has shifted from the North towards the
Midtown precinct and is now continuing to spread west of the CBD Core.
The new towers at Barangaroo South, International Towers Sydney, are
changing the Western city skyline with 3Q15 marking the partial completion
of the first tower adding 59,000 sqm to stock.
With the majority of the Barangaroo development still to complete, the Western
Corridor will become Sydney’s second largest precinct comprising 27% of stock
by the end of 2019.
Widely recognised as ‘Sydney’s second CBD’, Parramatta has recently been making
the headlines with the commencement of the first stage of Parramatta Square and
the proposed Aspire tower – designed to be the tallest residential tower in NSW.
Parramatta is a well-established hub for the State Government and in the 2014
budget the NSW government announced it planned to relocate a further 1,000
workers to Parramatta. Professional services firms such as Deloitte and KPMG
are expanding their occupational footprint in Parramatta to meet the requirements
of public and private sector clients.
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