With the development of the Sydney Light Rail project, there have been some positive effects on the property sector, particularly in the Inner West.
The new line is providing transport options for Sydney’s Inner West where in the past there have been shortages.
With these increased transport options living in the inner west has become more convenient for those who don’t drive, and made investing in the region a more promising prospect.
David Butt, executive director of Sydney-based developer and real estate firm Greencliff, believes this is likely to affect property prices in inner ring and inner west suburbs.
“Transportation infrastructure has typically underpinned bursts of value growth of between ten to twenty per cent in just a couple of years for certain suburbs in Sydney.”
Are you thinking of purchasing property in Sydney’s inner west? Make sure you book a pre-purchase building & pest inspection to ensure that you are getting value for your money.
Photo by Beau Giles