The election result in NSW is a win for West Sydney

The Liberal Party's New South Wales State Election Victory Last Week Should Provide New Opportunities for Investment and Development in Western Sydney with Strong Infrastructure Commitment .

The right-wing Liberal Party, led by NSW Prime Minister Gladys Berejiklian, returned to power on a platform worth $ 89.7 billion in transportation, hospitals and schools.

The investment will give new impetus to the West Sydney area, which already contributes 8% of Australia's gross domestic product, said James Kennedy, head of government and public strategic advisory firm at JLL Australia.

"Road and rail projects will provide connectivity both in western Sydney and throughout the metropolitan area. New momentum for residential development will build on retail capacity and new logistics opportunities, leveraging the capabilities of the Moorebank intermodal terminal.

Major infrastructure projects confirmed over the weekend include extensions to Sydney's metropolitan rail network, including the Parramatta West Metropolitan West in Sydney, which will start with an investment of A $ 18 billion.

Berejiklian said a re-elected federal coalition government would begin building this link by 2020.

An additional A $ 2 billion will be allocated to a new railway line connecting St Marys to the new Western Sydney International Airport (Nancy Brid-Walton) at Badgerys Creek.

West Sydney offers significant opportunities for local and foreign investors looking for returns and badet growth, Kennedy said.

Small private investors as well as large funds buy and sell land to take advantage of the rising value of land, especially since the announcement by the government of the airport construction in May 2017.

Infrastructure spending in West Sydney has long been a Liberal government priority, underpinned by The City Deal – a set of commitments made by local, state, and federal governments to improve performance region, including the development of the new airport, and a $ 80 million mega TAFE secondary school campus.

The Moorebank intermodal terminal, currently under construction, is another example of an enabling infrastructure funded by the Australian Government to transport goods by rail from Port Botany and to serve logistics centers in southwestern Sydney.

However, weak economic growth in New South Wales could slow down investment promises. According to BIS Oxford Economics, GDP growth and employment is expected to slow down during fiscal year 2020, becoming the slowest of all Australian states by the year 2021, according to BIS Oxford Economics.

But the imperative of all levels of government to improve the economic performance of West Sydney will overcome short-term problems, Kennedy said.

"The region is at the center of population growth and employment and for this reason, it will be easier to achieve sustainable and thoughtful development than anywhere else in Sydney."

Other economic developments will appear on April 2 with the Australian federal budget and the announcement of a date for the federal election in May.

Click to find out more about what awaits Australian real estate markets in 2019.