Friday, 5 August 2011

New development for Sydney’s inner west Friday, 17 June 2011


Property development group Australand has announced plans for a new residential development in Sydney’s sought-after inner west.

In an announcement this week, Australand said it had acquired a 5.5 hectare site in Clemton Park, Sydney, with 750 new dwellings expected to be rolled out.

The $35 million site is located 15 kilometres south of Sydney’s CBD.

House prices are expected to range from $340,000 to $560,000

Australand’s executive general manager Rod Fehring expects the new residential site to be highly popular with home buyers due to its easy access to public transport and close proximity to Sydney’s CBD.

“We expect the project to benefit from the surrounding infrastructure and established urban precincts which will underpin buyer confidence,” Mr Fehring said.

Ideally positioned close to the city in Sydney’s Inner West, at Clemton Park Village, life is sweet.
Families will love the excellent choice of schools, parks and sporting amenities nearby. For day-to-day needs, just pop out to your local supermarket or specialty shops, located within Clemton Park Village itself.

Walk to Beamish Street, Campsie’s vibrant cultural quarter, or, the popular Roselands Shopping Centre is just a few minutes’ drive away.

Living at Clemton Park Village means being well connected to all that the Inner West has to offer. The M5 Motorway, conveniently located less than 2km away, provides direct and easy access to the city and Sydney Airport. There’s also a handy bus stop next to the village, and you’re just a short walk from Campsie Train Station.


LISTED institution Australand Property Group with partner LaSalle Investment Management, have paid about $35 million for a 5.5 hectare development site in Sydney’s south.

The Clemton Park site (aerial of the suburb, right) sold with a permit. It's expected to deliver about 700 dwellings over a five to six year period.

Construction company Parkview sold the site, some 15 kilometres south-west from the Sydney CBD and near Earlwood, Kingsgrove and Campsie and not far from the city’s international airport.

The consortium will build Clemton Park Village – an apartment complex with one and two bedroom apartments priced between $340,000 and $560,000.

About 100 dwellings will be targeted at residents over 65 years old at a later stage.

Australand has also been granted approval to build 9500 square metres of retail and commercial space, as well as a childcare centre on the site.

In May, Australand bought the 38-hectare Blacktown golf course, in Sydney’s west. According to the AFR, Australand will build 700 dwellings on that site configured as detached homes, townhouses and low rise apartment blocks.