The Property Council of Australia has backed the public exhibition of plans to rezone the Werrington Precinct that could convert roughly 99 hectares of under-utilised land into a mixed-use neighbourhood with housing, jobs, and community infrastructure.
The proposal could deliver up to 1,500 new homes, more than 1,000 ongoing local jobs, around 12,000 square metres of retail, commercial, and community floor space, and more than 18 hectares of public open space.
Property Council Western Sydney regional director Ross Grove said the proposal represented a significant opportunity for the region.
"The Property Council welcomes the exhibition of the Werrington Precinct rezoning proposal and congratulates the NSW Government, Western Sydney University, and Stockland on progressing this significant opportunity for Western Sydney," Grove said in a media release.
Grove said the location's proximity to transport, employment, and education made it well suited to addressing Sydney's housing shortfall.
"This proposal makes excellent use of well-located land close to transport, jobs, education and services, which is exactly the type of housing development needed to help address Sydney's housing challenges," he said.
The Property Council's own recent analysis of ABS data shows the scale of that challenge — NSW recorded 44,700 home completions in the 12 months to March 2026, against the 88,386 needed annually to meet the state's National Housing Accord target of 377,000 homes by 2029.
Grove noted the proposal builds on other housing initiatives already progressing in the area, including the St Marys rezoning and planning work around Kingswood, describing Penrith as consistently attractive for investment.
Grove said the corridor would be central to meeting the state's broader housing targets, and that projects combining housing and job creation tended to produce the strongest outcomes.
"The best housing outcomes are achieved when growth is aligned with infrastructure, jobs and community facilities. The Werrington proposal reflects that approach and has the potential to create a thriving new neighbourhood that benefits both existing and future residents," he said.
Grove added that as the region continues to grow, developments of this kind would help residents live closer to where they work and study.
Get the hottest and freshest property and mortgage news delivered right into your inbox. Subscribe now to our FREE daily newsletter.
