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August 15.2025

2 Minutes Read

Transforming Sydney: Inside the $1.8BN Kings Bay Village Project

Kings Bay Village Development modern skyline with high-rise towers.

Major Urban Renewal Project Launch in Sydney

Sydney is set to witness a remarkable transformation with the launch of the Kings Bay Village development, a significant urban renewal project in Five Dock. This ambitious project is a collaboration between Metrics Credit Partners and Deicorp, marking a new chapter in housing and infrastructure development in the region.

What is Kings Bay Village?

The Kings Bay Village development is a massive undertaking worth $1.8 billion, aimed at revitalizing underused land into a lively mixed-use neighborhood. The project will introduce 1,185 new households, including 218 affordable residences geared toward essential workers, ensuring inclusivity and diversity in the new community.

Why is This Project Important?

Infrastructure improvement and housing availability are crucial topics for many Australians. The Kings Bay Village not only caters to housing demands but does so while providing extensive public open spaces and commercial developments. This initiative contributes significantly to the City of Canada Bay’s housing goals, fulfilling 23% of their target for new homes by 2029.

Community Benefits

The Kings Bay Village project goes beyond just housing. Metrics has dedicated over $80 million towards local infrastructure upgrades, which includes an impressive $10 million allocated for the enhancement of public spaces. Residents will enjoy newly designed pedestrian lanes and a central landscaped park that aims to foster a sense of community while adding aesthetic value to the area.

The Future of Urban Development

With ongoing support from the New South Wales government and local councils, the development embodies a commitment to modern urban living that prioritizes essential infrastructure alongside housing. As major developments like Kings Bay Village continue to emerge, individuals interested in the property market should keep close tabs on how they influence local real estate trends, particularly in metropolitan regions like Newcastle.

Get Involved

As the project progresses, residents and interested parties are encouraged to stay informed about Kings Bay Village and what it brings to Five Dock. This project not only represents new homes but also revitalizes the community, ensuring that it meets the needs of its citizens and supports local economic growth.

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