Landmark DA-Approved Site at Sydney Olympic Park Gateway Hits the Market

Australia YMCI (AYMCI) has launched a landmark, shovel-ready, DA-approved development opportunity at the gateway to Sydney Olympic Park, appointing Knight Frank, one of the world’s leading property agencies for this rare, high-profile site in one of Sydney’s fastest-growing corridors.

Known as Zone 3CD, the 13,814sqm freehold landholding at 29 Carter Street, Lidcombe is approved for 411 apartments, eight neighbourhood shops, and a 100-place childcare centre, across three architecturally designed buildings by Kann Finch. Located within the Carter Street Priority Precinct, it sits on the doorstep of major infrastructure, world-class venues, and one of Australia’s fastest-growing urban regeneration corridors.

“Zone 3CD is the ultimate example of what future housing delivery should look like,” said Knight Frank’s Partner Head of Asian Markets Dominic Ong.

“It offers global connectivity, DA approval, infrastructure readiness, and immediate access to Sydney Olympic Park that is one of the most vibrant, sustainable, and investment-ready precincts in the country, said Mr Ong.

Located just 14km west of Sydney CBD and 9km from Parramatta, the site is strategically positioned near the future Sydney Metro West station, Parramatta Light Rail Stage 2, and future primary school and park. It offers walkable access to ACCOR Stadium, Qudos Bank Arena, and 480 hectares of surrounding green open space — supporting the 15-minute city model embraced in planning policies globally.

This latest release follows AYMCI’s successful delivery and full sellout of 421 apartments and 6 retail shops across Sapphire, Ruby, and Emerald buildings including Ruby Retail Promenade establishing a strong market precedent for buyer demand and rental yields.

“It is rare to find a DA approved, shovel ready site of this scale, surrounded by infrastructure and parklands, and backed by a proven track record of successful delivery,” he said.

Zone 3CD is located at the gateway to Sydney Olympic Park, a designated NSW Government Priority Precinct set to deliver:

• 10,700 new homes by 2030
• 34,000 new jobs
• Over 100 000sqm of retail space
• A 6-Star Green Star Community standard

Set against a backdrop of 480+ hectares of open green space, world-class sporting venues, schools, shopping and transport, the site supports walkable, low emission, transit-oriented living aligning with global sustainability and next generation urban planning.

The project delivers 40,217sqm of Gross Floor Area, with flexibility for future upside (STCA) that could increase the potential yield up to 500 apartments. An ideal opportunity for Build-to-Sell or Build-to-Rent strategies.

Expressions of Interest for Zone 3CD close Thursday, 24 July 2025 at 3pm (AEST).