RESIDENTIAL PROPERTY
IN a rising trend, 35% of new homes delivered across Sydney, Melbourne, Brisbane and Perth over the last 15 years were built within a kilometre of a train station.
According to recent analysis from KPMG Australia, over a third of the 1.5 million dwellings delivered across these major cities sit within...
“Train stations have had a significant impact on housing supply,” said Terry Rawnsley, urban economist at KPMG
“Our analysis highlights that long term precinct planning policies can have a positive impact by clustering jobs and services near a major train station.”
Last year it was estimated that land values around a potential high-speed rail (HSR) network on the east coast could increase by up to $140 billion.
While new rail line developments were predominately apartments at 64%, detached homes made up 12% and townhouses 24% across with...
Over this period, Greater Sydney led this trend, with 49% of the 430,000 additional dwellings delivered located within...
Greater Sydney saw a particular spike in the trend between 2016 and 2021, with almost 110,000 new dwellings compared with...
Between 2016 and 2021, 83,000 new dwellings within a kilometre of a train station in Greater Melbourne, up from...
In Greater Brisbane, 28% of the 273,000 additional dwellings delivered were within 1km of train station, with 16% of the...
With Greater Brisbane seeing 39,000 new dwellings built within a kilometre of a train station between 2016 and 2021, compared to...
While Greater Perth saw 11,000 new dwellings fitting this criteria over the five-year period, down from 14,000 in the...
“Rail lines constructed over the past two decades have opened up new development fronts,” said Rawnsley.
“The analysis shows that the housing markets vary within each city and that in the area surrounding each train station there is a...