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The
Propertybuyer

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Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Fri 29 Mar '24 with Rich Harvey How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24 with Rich Harvey Why Invest in Melbourne?
 
 
Mon 26 Feb '24 with Rich Harvey Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24 with Rich Harvey Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 
 
Sat 27 Jan '24 with Rich Harvey Home Buying in the Eastern Suburbs – A personal journey
 
 
Sun 7 Jan '24 with Rich Harvey Economic and Property Market Outlook 2024
 

 

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Leichardt to see major revitalisation

March 10, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

Investors seeking Sydney property negotiators on their behalf may want to turn their attention toward the city's inner west.

A recent amendment to the Leichardt Local Environmental Plan will allow for hundreds of new homes to be built through the revitalisation of the former Kolotex and Labelcraft facilities on George St in Leichardt.

"This amendment will allow new homes and jobs to be created in close proximity to shops, schools and parks in an area of the city where there is little new housing coming on to the
market," said Planning and Infrastructure Deputy Director General Stephen McIntyre.

"The site's proximity to different public transport options is consistent with our approach of ensuring new housing projects have access to existing and new transport infrastructure, like
the inner west light rail extension."

Changes to the area will result in room for a medium-density residential development of nearly 330 new homes, as well as 1,400 square metres of retail and commercial real estate space.

This activity provides a number of opportunities for consumers considering property investment in Sydney. The revitalisation of this area will not only result in more homes coming on to the market at a time when demand is high and inventory is limited, but more construction will pump money into the local economy and help raise property values.

"A number of the buildings at the site are in poor condition and in a state of disrepair, while some are also vacant, and so the site's revitalisation will benefit not only those who eventually live and work there, but the surrounding neighbourhood, too," Mr McIntyre said.

If you're on the hunt for potential in the Sydney region, it appears that Leichardt should now be at the top of your list, as it will provide plenty of opportunity for both residential and commercial real estate investment.

The Propertybuyer
Podcast

 
Fri 29 Mar '24
with Rich Harvey
How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24
with Rich Harvey
Why Invest in Melbourne?
 
 
Mon 26 Feb '24
with Rich Harvey
Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24
with Rich Harvey
Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 
 
Sat 27 Jan '24
with Rich Harvey
Home Buying in the Eastern Suburbs – A personal journey
 
 
Sun 7 Jan '24
with Rich Harvey
Economic and Property Market Outlook 2024
 

 

Listen to many more
podcasts on our
Podcasts page.