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LIVERPOOL CITY – The making of Sydney’s next major CBD

Posted by Sydney Growth Propoerties on 15 February, 2019
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Starting as one of the first urban settlements in Australia, founded on 07 November 1810, Liverpool has emerged as the major city centre for South West Sydney. From a satellite town surviving primarily from the agricultural industry, Liverpool City is steaming ahead to become a major Sydney CBD.

With the city skyline rapidly changing with the materialization of skyscrapers such as the 29 storey Skyhaus Development and a genuine focus on branding itself as a quality education provider with the addition of the University of Wollongong & Western Sydney University entrenched in the CBD, this progress is there for anyone to see.

The combined number of University students is set to reach approximately 10,000 by 2030 and the flow on effects to be experienced from the construction of Sydney’s second airport at Badgerys Creek will be enormous. Liverpool City is the gateway to Western Sydney Airport. The federal government organisation WSA Co, that will build and run the $5.3 billion airport, is located in Liverpool. As per NSW Premier Gladys Berejiklian describing the airport as “one of the biggest economic game changers our state has ever seen.” By 2041, the number of new jobs in the region as a result of the new airport will reach 47,000.

Rezoning of the CBD

In September 2018, it was announced that as part of a collaboration between the NSW Government and Liverpool City Council, Liverpool’s city centre will be completely revitalised, which will see up to 10,000 new homes built and more than 22,000 new jobs created.

Anthony Roberts, the Minister for Planning and Housing, said 25 hectares of land in the city centre has been rezoned from commercial to mixed use, to reinvigorate the CBD and build a vibrant new commercial and residential hub. He also stated: “The rezoning enables increased building heights for selected key sites and will ensure people have easy access to public transport, the city campuses of both Western Sydney University and University of Wollongong and Liverpool Hospital’s $740 million redevelopment.”

As per the comment from Mayor Waller of Liverpool City Council “We want to create a vibrant city centre with an 18-hour economy. Developers will be able to get the mix right with that range of cafes, services, retail and offices – with apartments for those who want to live in a lively CBD.”

 

With the Gross Regional Product of Liverpool increasing significantly from $7.04 billion in 2006 to $11.26 billion in 2018 (source populationid), the strong growth of Liverpool City is set to continue on it’s upward curve marking itself as a true city on it’s own right.

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