West outpaces rest as boom powers national growth

14 August 2025
Business Banking

• Business lending grew 9.2% year-on-year to May 2025, ahead of NSW’s 7.0% growth.
• Residential property values rose across nearly all LGAs, with Fairfield leading at 14.6%.
• Residents reported higher levels of life satisfaction – and lower anxiety – than national average.

Greater Western Sydney is leading Australia’s next wave of economic growth, with the region outperforming the state in business investment, infrastructure development and community satisfaction.

NAB’s Greater Western Sydney Horizon’s Report: Spirit of Growth highlights a region on the rise, with new cities, transport links and commercial precincts reshaping the economic landscape of Sydney’s west.

NAB Metro and Specialised Business Banking Executive Julie Rynski said the region’s momentum was undeniable.

“We’ve seen historic levels of investment pour into Greater Western Sydney in recent years – and this is only just the start,” Ms Rynski said.

“From Parramatta’s transformation into Sydney’s second CBD to the emergence of Bradfield City Centre, we’re seeing a new economic engine take shape.

“Businesses are investing, families are settling, and communities are flourishing.”

The report also outlines a wave of infrastructure projects reshaping the region and driving this growth:

• Western Sydney International Airport, opening in 2026, will rival JFK and Heathrow in capacity.
• Bradfield City Centre, Australia’s first new city in a century, is under construction and will support 200,000 jobs and 10,000 homes.
• Sydney Metro West, a 24km underground line, is underway and due to open in 2032.
• WestConnex, Australia’s largest continuous tunnel network, was completed in 2023 and is already improving connectivity.
• Parramatta Light Rail has received $1 billion in funding to further enhance mobility in the region.

“These projects aren’t just about transport – they’re about transformation,” Ms Rynski said.

“They’re unlocking new business districts, shortening commutes, and creating opportunities for every kind of enterprise.”

NAB Head of Behavioural and Industry Economics Dean Pearson said residents scored higher on life satisfaction drivers, such as education (62%), personal safety (54%) and family life (54%).

“Greater Western Sydney continues to stand out as a region where economic momentum is matched by personal wellbeing and cultural vibrancy,” he said.

“As infrastructure and investment reshapes the west, it’s clear that people and communities are thriving, not just surviving.”

Notes to editors 

• Data sourced from NAB’s Greater Western Sydney Special Horizons Report: Spirit of Growth and transaction metrics across Greater Western Sydney.
• NAB has 13 Business hubs supporting growth across the region, including the opening of a new centre in Badgerys Creek.