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ARTICLE · 18 NOVEMBER 2016

The sky is apparently NOT the limit for Parramatta! - future potential growth

Coleman Greig Lawyers
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This PwC report estimates that Parramatta, Sydney's 'second CBD', will see its economy grow by almost $7 billion!

AustraliaReal Estate and Construction
Ricky Raad (Formerly At Coleman Greig)
Ricky Raad (Formerly At Coleman Greig)
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Assisted by Holly Pitt

With so many new buildings going up and cranes dotting the skyline throughout Parramatta, office workers like myself often find ourselves looking out the window at the changes happening and contemplating the exciting future in store for the city.

According to PricewaterhouseCoopers (PwC), Parramatta is looking to double its economic growth in just five years. In a report commissioned by the City of Parramatta, ' Parramatta 2021', PwC estimates that the 'second-CBD' you and I call home, will see its economy grow by almost $7 billion!

What could this mean for the property market?

This report suggests that an additional $1.2 million per day will be spent on retail by the influx of people into the area. Commercial floor space is similarly set to increase, with an additional 232,000 square metres to become available in coming years.

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