Expanded Sydney Olympic Park Masterplan Approved

The newly finalised 2050 masterplan for Sydney Olympic Park has added 2000 homes to projections for the precinct, taking the total residential yield planned for the suburb to 15,000.

State approval of the plan means the 640ha suburb will include 20 per cent affordable housing on government land, and 5 per cent on private land, along with 430ha of public open space.

The masterplan is expected to take shape over the next 25 years, with land dedicated to a new cultural centre and community hub, library, schools, and other community assets.

But development work is already under way. In August 2025, Sydney Metro’s three-tower project over the planned new Metro station dropped its office component for an additional 191 units. Another 18 towers are planned across the Sydney Olympic Park central hub.

Existing sports and entertainment facilities will continue to operate in the form of a new Special Entertainment Precinct—the mixed-used district is projected to support 26,000 jobs.

The suburb currently hosts more than 5000 events each year and its 10 million-plus annual visitors spend $113 on average.

▲ Up to 18 towers are planned across the centre of the redeveloped precinct.

Since hosting the Olympic Games in 2000, the suburb has languished. In 2022 it was described as a “disconnected island in the middle of the city” by SJB director Jonathon Knapp, who worked on the masterplan.

Poor connectivity into Olympic Park has hampered events, with the confluence of Homebush Bay Drive, Australia Avenue and Underwood Road dubbed “Australia’s worst intersection”. A $200-million upgrade project for it entered a second exhibition in December. An earlier attempt was dumped due to community concern over its design.

Parramatta MP Donna Davis said that the precinct “will be seamlessly connected to major transport infrastructure, including Sydney Metro West”.

▲ The suburb's wetlands will be protected and rehabilitated under the masterplan.

“The precinct’s public transport links will be matched with strong pedestrian and cycling connections, so residents and visitors can enjoy easy, sustainable access to jobs, schools, and everything our community has to offer,” Davis said.

Sustainability will be a core element of the suburb’s development, with wetlands and parklands dedicated to supporting biodviersity. An environmental framework with guidelines on water-sensitive design, long-term conservation and rehabilitation of habitat, and improvements to tree canopy cover has also been released.

The Sydney Olympic Park Authority is moving towards opening tender opportunities for developers, while also considering unsolicited proposals, and direct negotiations where tenders are not appropriate. 

However, the authority will not act as a consent authority, rather, standard planning pathways and approvals will need to be followed.