ING join the rush to Parkes (NSW), joining a $12M Southern Cross and a $190M private development

Dec 08 2011 Updated July 4, 2023

The Weekly Source

1 min read

Last week we reported the $190M Parkes Gardens with a planned 644 ILUs / Over 55s development in Parkes, in Far West NSW. Now Southern Cross is proceeding with an additional 48 ILUs worth $12 million. Out f the blue ING Community Living is seeking land in Parkes for its first new development in a number of years. ING CEO (and RVA President), Simon Owen, say ING sees opportunity in regional Australia, as compared to his big competitors who concentrate on the cities. 29% of Parkes 15,000 residents are 55+. It is also flourishing, with mining and a new transport hub placing pressure on affordable housing stock.

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