A significant $1 billion agreement has been reached to develop the first major residential and commercial precinct in Bradfield City, Australia. The partnership between the NSW Government and Plenary will see the construction of 1,400 homes alongside a new university campus and a luxury hotel. This project represents a foundational move in creating the first new Australian city in 100 years. Stage 1 is set to focus on essential services and public spaces over the next five years.