Sydney Metro extension to impact Bankstown and Lakemba
The upcoming opening of the Sydney Metro extension line is expected to significantly influence suburbs such as Bankstown and Lakemba. Experts point to the transformation of Marrickville following the arrival of the Sydenham metro station as a precedent for this development.
In Marrickville, the metro connection led to a surge in gastronomy and arts spending, which now exceeds the state average by more than three times. While this has brought increased cultural output and higher spending at local businesses, it has also triggered concerns regarding gentrification. Long-term business owners and creatives report that rising housing and commercial land prices are beginning to price out the manufacturers and artists who originally defined the area's character.