ISCOVER
Infrastructure and investment growth in Greater Western Sydney are fuelling a rise in housing values and an uptick in demand for mortgage broking services.
Greater Western Sydney is experiencing a surge in economic growth, with the region outperforming the state in business investment, infrastructure development, and community satisfaction, according to new NAB research.
NAB’s Greater Western Sydney Special Horizons Report found that growth is benefiting the housing market, with all but one of the region’s 13 local government areas recording higher residential valuations for the year.
Fairfield topped the list with 14.6 per cent year-on-year growth.
Deposits have also grown, up 9.8 per cent over the past year in Greater Western Sydney. Across the whole of NSW, deposits were 7.5 per cent higher than last year.
NAB metro and specialised business banking executive, Julie Rynski, said the region’s momentum was undeniable.
“We’ve seen historic levels of investment pour into Greater Western Sydney in recent years – and this is only just the start,” Rynski said.
“From Parramatta’s transformation into Sydney’s second CBD to the emergence of Bradfield City Centre, we’re seeing a new economic engine take shape. Businesses are investing, families are settling, and communities are flourishing.”
What are brokers seeing?
Speaking to The Adviser, Peita Davies, managing director at mortgage broking business MoneyQuest Penrith, said she had noticed rising demand for broking services from clients across Penrith, the Blue Mountains, and Castle Hill.
She said: “We’ve seen a notable uptick in inquiries over the past few months, particularly as we head into the traditionally busy spring market.
“What’s interesting is the mix – we’re still seeing strong first-home buyer activity. We’re also seeing more investors who understand the infrastructure story and want to get positioned before the airport opens.”
Kim Narayan, founder of Western Sydney-focused mortgage brokerage Kaboodle Finance, has also noticed stronger demand for brokers, with consumers keen to take advantage of easing interest rates.
She told The Adviser: “There has definitely been an increase in mortgage inquiries over the past few months. It is a mixed bag with much demand from first-home buyers, particularly with the recent government incentives aimed at supporting them.
“At the same time I have many existing clients looking to upsize or cashout to renovate their existing homes.”
‘Perfect storm’ fuelling growth
Commenting on what is driving the increase in demand for mortgage broking services, Davies said there was a “perfect storm of factors”.
“The upcoming Western Sydney Airport is a massive drawcard – people can see the long-term connectivity benefits. You’ve also got the metro extensions planned and ongoing infrastructure investment,” Davies said.
Resilient demand for housing in Greater Western Sydney is also helped by relative affordability compared to other parts of the city. The average median dwelling value was $1.12 million at the end of June 2025, versus Greater Sydney’s combined median dwelling value of $1.21 million.
Davies noted this as a major factor in benefiting the housing market.
“From a practical standpoint, Greater Western Sydney still offers genuine affordability compared to other parts of Sydney. People are getting more house for their money while positioning themselves in a growth corridor,” Davies said.
Nik Nanda, a South Western Sydney-focused mortgage broker at Loan Market Emerald, explained that more affordable housing in the region was attracting a mix of prospective buyers.
“I’ve seen a noticeable lift in first-home buyer activity, especially in South West Sydney. Many are being priced out of the Inner West, so they’re opting for houses on smaller blocks in the south west rather than paying the same money for townhouses or apartments closer in [to the city] ,” Nanda said.
He also noted that first home buyers are increasingly looking to move from units in areas in the inner west, like Parramatta, Homebush, and Strathfield, into town houses or houses further out.
“The appeal is better value for money, more space, and the strong transport connectivity – with the Leppington and Campbelltown and Western lines still getting people into the Sydney CBD within an hour,” Nanda said.
Nanda flagged that he was also seeing more investors looking to cash out equity built over the past few years, particularly those who bought property in Greater Western Sydney for under $1 million.
“Properties with decent land and four bedrooms in these areas have seen significant capital growth, which is now allowing investors to leverage into further opportunities,” he said.
Infrastructure to be ‘gamechanger’
Looking ahead, Nanda said he believed infrastructure would be a “gamechanger” for Greater Western Sydney.
“With infrastructure continuing to roll out across Greater Western Sydney, I see this region remaining highly attractive for first-home buyers, young families, and investors over the next few years. Rising demand for these suburbs is also likely to underpin strong capital growth as affordability and lifestyle advantages keep drawing new buyers in,” he said.
“Young families in particular may choose to live and work locally, rather than commute to the city, further driving demand in these areas.”
Davies also expects growth in the region’s residential property market to continue.
“I think we’re in for sustained, steady growth rather than explosive price jumps,” she said.
“The infrastructure timeline gives us a clear roadmap – airport opening in 2026, metro connections by 2032. That creates genuine long-term value rather than speculative bubbles. We’ll likely see continued gentrification of areas like Penrith as they become true transport hubs. The diversity of housing stock – from established homes to new developments – means there’s something for every buyer segment.”
Narayan believes growth opportunities will keep attracting new buyers to the area and stated: “Over the next few years, there will likely be an influx of young families and professionals moving to the region, which could lead to increased property values and more new builds, especially in suburban pockets that still offer affordable options.”
[Related: SA leads list of first home buyer hotspots]
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