Sydney is a global gateway city because it is Australia's primary point of contact for international business and tourism. This also makes it a critical hub in the global talent network. Sydney is planning significant commercial and infrastructure developments to maintain its status as a gateway city and meet the rising talent migration to our shores. Net migration to Australia averaged 487,000 in 2022 and 2023, which was well above the 10 years before the pandemic, when it averaged 218,000, according to a report by CBRE. The Greater Sydney Commission envisions a ‘Metropolis of Three Cities’ – three interconnected urban hubs consisting of: * the Eastern Harbour City (Sydney CBD) * the Central River City (Parramatta) * the Western Parkland City (Aerotropolis) As the city evolves and attracts more business investment and global talent, the demand for office space, industrial facilities and residential accommodation is expected to increase. Investing in residential or commercial property in these three city hubs could potentially yield significant returns in the future.
