With rezoning well advanced, The Precinct promises significant economic benefits, promoting growth, connectivity and diversification across multiple sectors. This initiative is set to transform the area into a vibrant, multi-functional precinct, accommodating a variety of uses including incubator spaces, medical and health centres, artisan industries, housing, and more. The development will not only enhance the range of dwelling types available but also foster a 24/7 live-work environment where residential, commercial, manufacturing, and recreational activities integrate seamlessly. This dynamic, interconnected community is expected to boost innovation, create employment opportunities, and enhance the overall vibrancy of the region.
Key retail-economic impacts include
Enabling delivery of 170 residential units
Enabling 17,600 sqm. New commercial, industrial and other trading places
Generating $82m local retail expenditure every year
Supporting 176 temporary construction jobs
Creating 331 new jobs at Thrumpster Businesss Park
Offering 8,800 sqm. incubators and workspaces for innovative and high-tech manufacturing development