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A Positive Economic Forecast for Parramatta

8 Phillip St Parramatta News
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APRIL 2022 | AT PARRAMATTA

Parramatta is set to emerge from the pandemic in great economic shape with all key indicators showing growth potential across population, GDP, development, and housing.

The current growth rate is the result of sustained strategic planning over many years and the increased attraction of being close to the Parramatta CBD. In the last five years, Parramatta has seen the most dwelling completions of any LGA in Greater Sydney, however the NSW Department of Planning, Industry and Environment (DPIE) anticipates needing a total of 162,100 dwellings to house its growing population.

This represents an increase of almost 77,000 dwellings from current dwelling numbers. The City’s Housing Strategy indicates that 87,900 dwellings will be delivered between 2016 and 2036, with a further 20,020 dwellings already being planned. Learn more by clicking the link below. 

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