Liverpool may follow Parramatta with a revamp of its CBD to take advantage of its river frontage.

Second-year architecture students at the University of Technology, Sydney have come up with two concepts to revitalise the Liverpool CBD that have the support of mayor Ned Mannoun.

An artist's impression of the vision for the revamped Liverpool CBD in south-west Sydney.

"The students' fresh perspective will help inform our strategic 10-year plan to rejuvenate our diverse neighbourhood by making the most of its enviable grid layout and natural riverfront beauty," Cr Mannoun said.

The independent think-tank Committee for Sydney approached the university to run a competition for students with a cash prize of $1000. Two teams were announced joint winners.