Developing suburbs such as Gledswood Hills, Oran Park, Gregory Hills, Harrington Park, Leppington and Cobbitty are set to reap the benefits of the project.
All are located within a 15-kilometre radius from Badgerys Creek Airport and have major expansion plans in place over the coming years, according to The Urban Developer website.
Nick Materia, managing director, of DevelopmentReady.com.au said announcements regarding the airport had seen property prices increase for local residents.
“The [airport] has had a strong and positive effect with many landowners experiencing a near-doubling of property values over the past 12 months,” he said.
“We expect to see large-scale subdivision projects hit the market in coming years within surrounding areas, with larger development firms likely to be strong players moving forward.”
Employment opportunities which are expected to be created within the region over the next eight to ten years would cover a large cross section of industries including construction, hospitality and infrastructure, according to Craig Barnes, of Sekisui House Australia.
