Campbelltown’s capacity to grow has much to entice prospective businesses. The city’s land availability and capacity for greenfield developments are critical in the context of Sydney’s diminished land supply, rising land prices and intensifying population pressures. Campbelltown has significant tracts of underdeveloped land proposed or available for development.
Campbelltown’s accessibility, transport links, connectivity to Sydney CBD and airport, and availability of land located in key employment precincts, combined with lower purchase/rental costs compared to Sydney and Parramatta CBDs for residential, commercial and industrial purposes, has resulted in Campbelltown becoming a major draw card for businesses looking to develop, build or relocate.
Key land at competitive prices
The Campbelltown LGA has key land for residential, industrial commercial development and redevelopment, located close to major road and rail transport networks, and available at competitive prices.
- Average median house sale price (Campbelltown CBD) $685,000
- Average median house sale price (Campbelltown LGA) $620,000
- Average median unit sale price (Campbelltown CBD) $407,000
- Average median unit sale price (Campbelltown LGA) $445,000
- Industrial rents – small factory units (Campbelltown LGA) $80-$95/m2
- Industrial rents – large, new stock warehouses (Campbelltown LGA) $60-$70/m2
- Industrial sales (Campbelltown LGA) $750-$1200/m2
- Commercial rents (Campbelltown CBD) $150-$250/m2
- Commercial rents (Campbelltown LGA) $130-$180/m2
- Commercial property land and building sale value (Campbelltown CBD) $1850-$2750/m2
- Commercial property building sale value (Campbelltown LGA) $1500-$2000/m2
(Figures for Campbelltown – January 2017).
Source: Suburb Statistic Report, compiled by RP Data Pty Ltd, trading as Core Logic Asia Pacific, 2017.
There are seven urban precincts located along the Glenfield to Macarthur rail corridor, plus 24 hectares of land to be utilised for employment within the Menangle Park and Mount Gilead new release areas located in the south of the LGA. This, combined with a number of potential key locations for business parks, provides opportunity to expand the city’s employment options – something that Campbelltown City Council is very keen to achieve.
Campbelltown LGA currently has land available for development or redevelopment, zoned for the following purposes:
- 764 ha of land zoned for employment and centre support purposes (land zoned IN1, IN2 and B5)
- 290 ha of land zoned for business and commercial purposes (land zoned B1, B2, B3 and B4)
- 9,460 ha of land currently zoned for residential purposes (land zoned R1, R2, R3, R4, R5 and B4),
- 77 ha of which is zoned B4 Mixed Use and located in the Campbelltown and Ingleburn CBD areas.
Developing the city
In addition to the number of services and facilities which are already a major draw card for people looking to move to or invest in the area, Council is interested in working with key stakeholders to further develop the city. The vision is to position Campbelltown as a self-sustaining city, with access to the highest-level services, facilities and amenities, combined with a diversity of employment options.
Council has a number of strategic land holdings located in the Campbelltown CBD. It is proposed that future options for some of these sites will be considered by Council for their capacity to help shape the future of the CBD. Council is also seeking to ensure that all future developments within the CBD are complementary and work together to create a vibrant, liveable, mixed use centre.