Your Market Research Update Penrith, Sydney Australia


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Blog Image | Winter Sport Park | Market Research Update Penrith, Sydney Australia | Equity Rise (Pty) Ltd

Penrith Market Update 2022


There’s a lot going on in Penrith, Western Sydney. The suburb itself is strategically positioned near amenities, infrastructure, and the new Nancy Bird Walton Airport. In addition, the area has already seen the construction of an indoor skydiving facility, an Olympic white-water rafting stadium, and a popular Aqua Golf Driving Range. Most notably, a $300 million snow resort with its own 300-meter advanced ski course and a 4.5-star luxury hotel with 120 rooms, is planned for Penrith, in Western Sydney. Construction on the Winter Sports World ski resort is set to begin in 2022, pending planning clearance. Penrith City Council has already praised the project and is planning to include it in their master plan to increase visitor numbers and tourism revenue by 2025. Once completed, the Winter Sports World snow resort, is estimated to bring in 900 new permanent jobs, 250,000 tourist visits, and $80 million in annual revenue to Western Sydney.


Blog Image | Winter Sport Park | Market Research Update Penrith, Sydney Australia | Equity Rise (Pty) Ltd

"Winter Sports World, once completed, is estimated to bring in

$80 million to the NSW economy"


Winter Sports World will be built on the corner of Jamison Road and Tench Avenue in Jamison town, a tiny neighborhood next to South Penrith. This also means the facility will be close to Badgerys Creek, the site of Sydney's next major airport, which is set to open in 2026.

Winter Sports World's actual size has yet to be determined, however rumors indicate that 2.35 hectares have been set aside for the project. We do know that it will be large enough to accommodate a specialised food and beverage sector with bars, restaurants, and cafes, as well as a 120-room hotel with a snow play area and several meeting rooms. A 300-meter indoor ski slope, an Olympic-sized ice skating rink, and both ice and rock climbing facilities will also be included in the facility.


Blog Image | Winter Sport Park | Market Research Update Penrith, Sydney Australia | Equity Rise (Pty) Ltd

"Those behind the idea appear to be sure that the entire

complex will be covered in actual snow"


The ski slope is expected to be one of the top ten high-performance training centres in the world, according to the proposal. However, the snow hotel is still in its early stages, with a projected opening date of 2025.

Environa Studio, an eco-friendly architecture firm, is designing Winter Sports World to meet high carbon-neutral design criteria. To run the facility as efficiently as possible, a variety of green technologies will be implemented, including equipment for catching and reusing free heat, solar electricity, insulation systems, and non-toxic cooling. Roof water will be collected and used to make snow.

The obvious question is whether or not Winter Sports World will make use of genuine snow. Snowfall is quite uncommon in Greater Western Sydney. Those behind the idea appear to be sure that the entire complex will be covered in actual snow, to the point where guests can learn to ski on the premises.

Blog Image | Winter Sport Park | Market Research Update Penrith, Sydney Australia | Equity Rise (Pty) Ltd

"The ski slope is expected to be one of the top ten high-performance

training centres in the world"


Because it will support alpine skiing, freestyle skiing, snowboarding, figure skating, ice hockey, curling, speed skating, and other sports, Winter Sports World might also serve as a training ground for Australia's Winter Olympians. Former Winter Olympian Stephen Edwards has reportedly joined the project as the Performance Director for Winter Sports World, claiming that the facility's regulated environment may be a game-changer for Australia's winter sports.

"The facility will have a significant impact on the performance of winter sports in Australia, particularly across all disciplines." Athletes will be able to focus on their abilities and technique in a setting where all weather conditions are controlled by being able to train year-round."


If you have any questions or are ready to purchase your next investment,

Please don't hesitate to contact your Property Strategist.


Referencing,
Terry Ryder, Hot Spotting
Winter Sports world.com.au
 
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