Penrith Next Biggest CBD

PENRITH PRESS

 

THE Battle of the West used to be restricted to the footy field but developers are predicting downtown Penrith will become the new Parramatta — over taking Sydney’s second CBD in population growth. The Urban Taskforce has released its bold new vision for Penrith, which is expected to accommodate 56,791 more residents by 2036. This growth will take the Penrith City’s population to 258,195 — only 40,000 less than the current population of Wollongong.

Urban Property Group has delivered two large apartment projects in Penrith and have another three in the pipeline, equating to more than 1000 dwellings. Managing director Patrick Elias said “within 20 years it will be the next western Sydney CBD”.

 

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