The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
InfrastructureStaff WriterSun 01 Dec 13

Brisbane's new underground tunnel will see home value growth

5

Brisbane’s proposed new bus and train tunnel, linking Dutton Park to Bowen Hills will make homeowners in the subsequent suburbs pleased as property industry experts say that new infrastructure is a major catalyst for property value growth.


The Queensland Government's, $5 billion public transport tunnel is 5.4 kilometres running north south and delivering rail and bus together in a single 15-metre wide double-decked tunnel under the Brisbane River and CBD.



Dubbed the ‘Brisbane Underground’, it will see a station at Woolloongabba, one along George St to service the new entertainment and casino precinct and university and a third at Roma St Station.


Managing director of Brisbane-based property research firm Resolution Research, Diana Howes said past trends showed that suburbs with public transport under construction often brought a annual growth rate in the double-digits compared to the normal 3.4 to four per cent average.


Analysis of the Northern Busway, South East Busway and Airportlink shows that it is at the end of construction that we see change in property values.


"In the last two years, including the year when it's completed, you get much higher rates of growth” said Diana Howes.


Home value growth will see investors make their move on the adjoining suburbs as they have confidence that the public transport infrastructure will have a positive effect particularly across the rental market as the tunnel services fringe and inner city areas.


The Queensland Government says it is currently investigating ways to fund the tunnel.


The ‘Brisbane Underground’ is set for construction in 2015 to 2020.


InfrastructureAustraliaBrisbanePlanningPlanningTrend
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
View All >
Hotel

Perth Hotel New Role Revealed After $105m Sale

Lindsay Saunders
Warren and Mahoney's rendering of Leftfield's project at 691-693 Burke Road, in Melbourne's Camberwell.
Residential

Leftfield Lifts Cover on 14-Storey Scheme at Camberwell

Marisa Wikramanayake
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
Top marks for developer’s move from ‘crammed’ city towers to spacious suburban student accommodation…
LATEST
Hotel

Perth Hotel New Role Revealed After $105m Sale

Lindsay Saunders
2 Min
Warren and Mahoney's rendering of Leftfield's project at 691-693 Burke Road, in Melbourne's Camberwell.
Residential

Leftfield Lifts Cover on 14-Storey Scheme at Camberwell

Marisa Wikramanayake
3 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Kangaroo Point Aria Canopy House Revised DA Approval hero
Development

Aria’s Revised Tower Greenlit for Inner-City Kangaroo Point

Phil Bartsch
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/brisbanes-new-underground-tunnel-will-see-home-value-growth