A 6.6-hectare prime landholding next to the Western Sydney Airport has gone to market for the first time in 152 years as property owners’ calls for a planning overhaul are heard.
The New South Wales government has released a report from the Independent Community Commissioner for the Western Sydney Aerotropolis, which outlines 40 recommendations to better support local landowners, who have met resistance in rezoning.
More than 100 landowners raised concerns about the difficulty of rezoning land in the aerotropolis precinct.
The Eaton family, who has owned the property at 70 Eaton Road, Luddenham for more than 150 years, decided to sell the property as the significant redevelopment of the area gathers pace and the land won rezoning approval for agribusiness.
Colliers agents for the sale are Nick Estephen and Thomas Mosca.
Mosca said the agribusiness zoned land was a “super-prime landholding” with direct access to the airport precinct and the Western Sydney Aerotropolis.
He said it was expected to fetch more than $10 million.
“The AGB rezoning means highly sought-after land is now available for agribusiness hubs,” Mosca said.
Mosca said the property would be 4.5km from the heart of Sydney’s planned third city of Bradfield, which the state government had committed $1.15 billion towards development and infrastructure.
An expressions of interest campaign for the property ends September 30.
New South Wales Minister for Planning Rob Stokes said the Western Sydney Aerotropolis was one of the biggest projects in the state’s history and was “incredibly complex”.
“We wanted to ensure that all voices were heard and [the commissioner] has done an outstanding job over the last few months by meeting with more than 100 landowners potentially affected by the rezoning plans,” Stokes said.
“We’ve released an initial response to the Commissioner’s findings that commits to supporting most recommendations and we will provide a more detailed whole-of-government response in the next couple of months.”
Recommendations included changes to the current planning controls, which will be taken into consideration while the planning framework was finalised later this year.
Six precincts around the 11.200ha Western Sydney Aerotropolis were due to be rezoned this year with the aerotropolis to be divided into 10 precincts.
Landowners in the earmarked precinct could apply to accelerate rezoning if the parcel of land met strategic planning requirements, but increasingly they have met with resistance sparking calls for an overhaul.
Property Council of Australia’s Western Sydney regional director Ross Grove said large and small landowners had found the rezoning process “incredibly frustrating” and there had been a need for further review.
“We support the government’s aspirations for the delivery of jobs and key economic activity within the precinct, but these objectives are being hindered by overly prescriptive planning restrictions which inhibit the economic productivity of large portions of developable land,” Grove said.
“The views raised by the smaller landowners in the report also reflect the concerns raised by larger industry peak bodies in our submission to the Draft Aerotropolis Precinct Plans earlier this year.”