Join Australia's most dynamic and respected property investment community

Game changer, or bluster in an election year?

Discussion in 'General Property Chat' started by euro73, 12th Apr, 2016.

  1. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    1,445
    Location:
    Sydney
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,580
    Location:
    Sydney or NSW or Australia
    Who's going to pay the $100 each way for your daily commute to Sydney?

    Are there properties in Goulburn for $200k?
     
  3. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,721
    Location:
    Sid en e - olympic city
    It is similar too Sydney getting it's second airport.......don't hold your breath if you buy in Goulburn now waiting for the train to bring CG........
     
  4. bumskins

    bumskins Well-Known Member

    Joined:
    16th Aug, 2015
    Posts:
    80
    Location:
    Sydney
    I'd prefer they don't build it at this stage. Knowing Australia in the current environment, they will probably design it for 200-250km/h and think it's really fast.

    Then again not really a fan of Badgery's Creek either, the cost for duplicating everything when you still have capacity at Sydney Airport is crazy
     
  5. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,596
    Location:
    Adelaide, SA
    I'd vote for something that'd take my 200k properties to 600k :eek:

    I dont think it's worthwhile though at current technology levels. If its only an hour or 2 to fly between cities now, a train won't be that much better given you'll still have to get to the station, (probably) go through a security gate, (probably) check in, etc.

    Perth is the main exception i guess. If there was something that could take you from Perth to Melbourne in an hour via Adelaide that'd be a game changer.
     
  6. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,173
    Location:
    Adelaide, SA
    Every cost/benefit breakdown I've seen for high speed rail in Australia has shown it to be a massive waste requiring significant subsidy from government. Just populist nonsense brought up as election cycles begin to simmer.
     
    Nemo30 likes this.
  7. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    It's not gonna happen. And if they do manage to push it through, it won't be profitable.
    There were companies spending big money on feasibility years ago, the government kept dicking them around. I don't think any private company will be too keen to spend any money without a guarantee.