Investor drawcard

Positive news: Leppington real estate agent Michael Cavagnino says that the announcement of an airport at Badgerys Creek has already generated interest in local properties from commercial and industrial investors. Picture: Jeff de Pasquale

Positive news: Leppington real estate agent Michael Cavagnino says that the announcement of an airport at Badgerys Creek has already generated interest in local properties from commercial and industrial investors. Picture: Jeff de Pasquale

THE announcement of an airport at Badgerys Creek has led to a spike in sales inquiries for a Leppington real estate agent.

Michael Cavagnino, the licensee at LJ Hooker Leppington, thinks the airport plans will have a positive impact on property prices in the area.

"We have recently successfully sold a number of properties in the vicinity of the airport and at no time was the issue of the airport a deterrent," Mr Cavagnino said.

"In fact it's a drawcard to the area now, because it shows that the government is investing in infrastructure here and the area is developing.

"I haven't had any buyers worried about aircraft noise and local residents haven't come to me looking to sell their properties either.

"People are seeing the benefits of progress in this area, and they're wanting to hold on to their land to see how much they can make later.

"The Leppington train station has already had a positive impact, causing prices to increase and new developers to come into the area."

He said that most local people had changed their opinions on the airport.

"When they were protesting against the airport in the 1990s, there was no south-west growth centre planning, no South West Rail Link.

"But now people can see that the area is developing and it's brought prices up already."

Mr Cavagnino said he was surprised by the immediate rise in interest that the airport announcement triggered.

"I had a lot of interest from purchasers and even some commercial and industrial investors straight away.

"We don't know what the flight paths will be, so that makes it tough to tell which residents will be [affected]."

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