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NSW retail spaces hoped to reduce cost of living

New retail spaces are due to be built in NSW to the benefit of its residents.
Plans have been approved in New South Wales (NSW) to build new large retail spaces, which are hoped to benefit consumers in the area.
Rezoning approvals in Penrith, Narellan and Liverpool are set to create 100,000 square metres of retail space with a combined worth of $1.1 billion. Additionally, the new shopping centres are predicted to create thousands of new jobs

Deputy director general for planning and infrastructure Richard Pearson says the changes should help the growing population in NSW: "Providing more retail space helps put downward pressure on prices and lowers the cost of living."

By rezoning Penrith Panthers, the Narellan town centre and the Orange Grove factory outlet, proposals for new shops can now be lodged with a view to stores opening next year.

The retail spaces are hoped to create half the new jobs that the Metropolitan Strategy for Sydney is aiming for.

Nevertheless, applications for development need to be approved at each stage before construction can begin.

Posted by Craig Francis
- retail, zoning, development

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