PHOTO: This rural site in Leppington could soon see work start on major development. Source: Supplied

A shopping centre and thousands of homes could soon sprout on a sprawling property in Sydney’s south west.

Just a few years after the 20ha lot at 127-163 Rickard Rd, Leppington, sold for a whopping $78 million, its buyers are looking at how it may be developed in line with the NSW Government’s plans for Leppington Town Centre.

Colliers International’s national director Harry Bui this week told the Liverpool Leader the “private consortium” was planning to get work underway, with the delayed two-year settlement period now over.

“It is zoned for mixed use but the buyers are hoping for another rezoning to increase the density,” Mr Bui said.