The brief: HillPDA was engaged by Parramatta City Council to prepare a Land Economics Study to inform the development opportunities and constraints along the chosen Stage 1 Western Sydney Light Rail (WSLR) route.
Our role: HillPDA’s role was to:
- Examine the potential impacts of the proposed light rail on property values;
- Identify economic drivers that would influence the impact of the WSLR on urban renewal; and
- Undertake demographic analysis, market research along with financial modelling and feasibility analysis.
The results: Based on the finding of the Land Economics Study, the WSLR Feasibility Study was able to prioritise alternate routes within the proposed network against a series of desired outcomes with respect to residential growth, employment opportunities, transport accessibility, environmental impacts and lifestyle choice. The NSW Government has set aside $400 million in the 2014-15 Budget to accelerate work on a Western Sydney light rail system.
Key Learning’s: Western Sydney is one of Australia’s largest and most diverse economies and is home to nearly two million people, a population larger than that of South Australia, Tasmania, ACT or the Northern Territory.
Summary of services: Demographic and economic trends analysis, Market Appraisal, Financial Modelling, Development Feasibility Analysis.