The federal government is due to sign off on the final approvals for the Badgerys Creek airport today, removing the final hurdles to construction.

The prospect of a new airport in Sydney's western suburbs, and the prospect of further infrastructure investment in the area, has caused a spike in interest in real estate in the area.

Charlie Cini, sales and marketing specialist and agent with United Acreage and Property Marketing, told SCHWARTZWILLIAMS, "The market is pretty strong."

However, he said that while investor interest around Badgerys Creek has picked up of late, he conceded that trend has occurred right across the market, and in Badgerys Creek the level of interest is "probably not as much as it should be."

"Vendor expectations are pretty high because of the media hype," he said, but there is a gap between expectations and eventual prices, said Cini, with previous false starts and the long lead time to completion tempering investor interest in the area.

"The general consensus is that the airport is still a long way off," he said.

"I think it's going to be quite some time before those prices come to fruition."

While most of the land in Badgerys Creek will be consumed by the airport or will become industrial land, surrounding suburbs, such as Austral, are beginning to see an up-tick in residential development.

Also, infrastructure improvements in the area are attracting greater investor interest to property in the area.

See also:

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Buyers agent adding value to property investment

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