Property investors and owner occupiers interested in areas around new University campus in Parramatta

The new university campus in Parramatta will likely attract investors and owner-occupiers to its nearby suburbs
Property investors and owner occupiers interested in areas around new University campus in Parramatta
A render of the new university campus in Parramatta
Joel Robinson December 11, 2020

Property investors and owner-occupiers seeking growth may well cast their eye over a new university campus based within the Westmead Health and Innovation District in Parramatta.

The framework agreement between the NSW Government and the University of Sydney will see the campus built adjacent to the Westmead hospitals and is likely to draw 25,000 students and 2,500 staff by 2055.

Minister for Jobs, Investment, Tourism and Western Sydney Stuart Ayres said having a university campus at the core of the Westmead Health and Innovation District will drive innovation and catalyse future growth.

“Having the University at the core of the Westmead Health and Innovation District will help transform the district into a powerhouse of invention, creativity, and commercialisation, and home to world-leading enterprises, start-ups, researchers and students,” Mr Ayres said.

NSW Government’s vision for the District is expected to create more than 20,000 new jobs and contribute an additional $2.8 billion of economic output per year to the NSW economy.

Developments Nearby

Georgette Schofields

Property investors and owner occupiers interested in areas around new University campus in Parramatta

Within a commutable distance to the new precinct is the low-rise residential development Kew Schofields, in one of Sydney's newest and fastest growing suburbs.

A short 30-minute drive from the Westmead Health and Innovation District, Kew Schofields Stage 2, Georgette, has prices starting at $428,000 with its completion set for late 2021.

There are 137 residences across the five level building.

Buyers can save up to $60,000 buying in to the development with current NSW Government stimulus packages for new build property.

The whole of the masterplan Kew Schofields, slated to be completed by 2022, will have 2,700 sqm of retail space, parks and recreation facilities.

180 George Street Parramatta

Harry Triguboff's Meriton have a high-rise under construction in the heart of Parramatta, heralded as Parramatta's tallest residential tower.

Prices start from $502,000 for apartments in 180 George, designed by architecture firm Woods Bagot. It will home 761 apartments and is expected to be finished by December 2021.

Property investors and owner occupiers interested in areas around new University campus in Parramatta

Joel Robinson

Joel Robinson is the Editor in Chief at Urban.com.au, managing Urban's editorial team and creating the largest news cycle for the off the plan property market in the country. Joel has been writing about residential real estate for nearly a decade, following a degree in Business Management with a major in Journalism at Leeds Beckett University in England. He specializes in off the plan apartments, and has a particular interest in the development application process for new projects.

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