Driving up property prices around new light rail a key measure of success for NSW government

Discussion in 'Property Market Economics' started by Zoolander, 7th Dec, 2017.

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  1. Zoolander

    Zoolander Well-Known Member

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    A bit tone-deaf KPI given Sydney housing affordability.

    Driving up house prices near light rail a key objective of the government
    Extracts:
    Driving up property prices in suburbs along the new Sydney light rail corridor is a key measure of success for the state government, documents have revealed.

    The KPI has been slammed by shadow treasurer Ryan Park, who said increasing property prices should not be a key objective for a government infrastructure project.

    Property prices would be reviewed one year, five years and 15 years on from the opening of the 12-kilometre light rail route from Circular Quay to Kingsford and Randwick, according to an April 2015 update to the document.

    “I imagine young people struggling to get into the housing market would be pretty annoyed if they thought the government was patting themselves on the back for increasing property prices.”
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Whether it is a KPI or not, it is an effect of proximity to infrastructure. Infrastructure drives demand, supply is constrained, prices rise.

    You don't avoid building schools to keep prices down.
     
    Last edited: 7th Dec, 2017
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