Why We Invested in Austral

Austral wasn't an obvious choice.

What made it compelling was structure — a formally designated growth corridor backed by committed infrastructure, employment planning and state-led housing policy. That convergence is rare — and it informed our decision to develop there.

Below is the framework behind that decision.

A Precinct With Defined Planning Controls

Austral forms part of the NSW Government's South West Growth Area. Within that program, the Austral and Leppington North precincts are structured to deliver up to 17,350 homes, alongside employment land, neighbourhood centres and open space.

Zoning and density parameters are defined. Infrastructure corridors are mapped. Planning risk on land use has largely been resolved.

Servicing coordination — water, sewer, utilities — remains subject to utility provider confirmation, as is standard across growth corridors.

For development capital, clarity on planning controls changes the equation.

Infrastructure That Is Being Built, Not Announced

Western Sydney International (Nancy-Bird Walton) Airport is scheduled to open in late 2026. But the airport is not a standalone catalyst. It is part of a coordinated system that includes:

• The toll-free M12 Motorway
• The Sydney Metro – Western Sydney Airport line
• The $1 billion Fifteenth Avenue upgrade
• The approved Bradfield City Centre Master Plan

This is multi-billion-dollar infrastructure sequencing with bipartisan support. Infrastructure at this scale reshapes employment geography over decades, not quarters. Austral sits within reach of that shift.

Employment Density Changes Residential Demand

Western Sydney Airport is forecast to support almost 28,000 direct and indirect jobs by 2031 — five years after opening. The Bradfield City Centre master plan adds a further 20,000+ jobs within the Aerotropolis footprint, with the broader Western Parkland City targeted to deliver up to 200,000 jobs across aerospace, manufacturing, freight and logistics.

Austral neighbours that employment hub. Employment density drives owner-occupier demand. It stabilises rental markets. It supports long-term price resilience. Western Sydney is now entering that phase.

NSW Planning's population projections confirm Western Sydney as one of the state's fastest-growing regions — underpinning the structural case for housing supply in well-located corridors.

Market Signals

According to realestate.com.au, Austral recorded a median house price of $1,088,000 — up 23.9% over the past 12 months to February 2026.

Markets will cycle. Well-sequenced corridors tend to endure.

The Positioning of AKIRA

The AKIRA land subdivision at 70 Tenth Avenue is a 22-lot Torrens Title release positioned within this framework.

It is not high-density urban infill. It is not fringe speculation. It is a measured contribution to housing supply within a defined growth corridor.

The on-the-ground amenity story is already forming. Coles Group is proposing Austral Village — a full-line supermarket, 2,100sqm of specialty retail, and 273-space car park at 83-95 Tenth Avenue. It sits approximately 200 metres from AKIRA. Retail at this scale follows residential density. It doesn't precede it.

Schools are within walking distance. Austral Public School and St Anthony of Padua Catholic School (preschool to Year 12) are both close by, anchoring the residential appeal for families.

Our decision to develop in Austral reflects a preference for:

• Established planning controls
• Funded infrastructure
• Committed employment expansion
• Policy-supported housing delivery

We allocate capital where structure outweighs narrative.

Austral offered that structure. AKIRA is built on it.