Hi, We are looking at an apartment for an investment where the metro tunnel runs directly underneath. I believe around 40m below. What do people think of this? Should this be a concern?
Just check the insured events. Make sure that if it collapses the tunnel that you won't be left with a liability for either the building, tunnel, locomotives or fatalities.
Yeah, don't do it. There's enough property out there without buying something that will be stigmatised forever.
It will have zero impact (other than a benefit of providing transport benefits which may enhance property appeal). Sydney is largely a solid bed of sandstone and why the metro tunnelling is so obvious as a solution. Twin six meter diameter tunnels 40m under solid rock pose no concern. Nobody in Sydney has mentioned any noise, vibration etc associated with metro tunnelling in the past 6 years as it is deep and through stone. The project in Melbourne isnt through stone and has a management program as many noise & vibration compliants have been received.
I live near the Mullum Mullum tunnel (Eastlink, Ringwood) and walk my dog in the bush reserve directly over the tunnel quite a bit. Unless you're close to the entrance, you wouldn't ever know it's down there. The entrance is like anywhere else near any other freeway.
Plenty of people having issues with the westconnex tunnels due to tunnelling vibration & subsidence. Severe subsidence caused by underground motorway in Sydney Reports identified subsidence risk for evacuated apartments above WestConnex tunnels Blatant plug (with links to articles) Damage Register
Westconnex isnt the metro rail tunnel as indicated by the OP. The very difference is depth. I read with horror that someone was recently proposing explosives be used for that project UNDER homes and 24/7. WTF. It and the earlier M4 extension seem riddled with issues for homes above...Depth seemingly reminiscent of the M2 tunnel at Lane Cove - I recall an apartment building partially collapsing into a hole back when it was underway. I wouldnt want a home above a shallow tunnel.
I know but the similarity is the depth - LCT/M2 were closer to the surface, WCX, NCX & NW Metro are generally 30m+ deep.
I thought this was a bargain, amazing potential for reno. Land value is already 2.2 m. 50 Upper Cairns Terrace, Paddington, Qld 4064 https://www.realestate.com.au/sold/property-house-qld-paddington-131275006 Then on a second thought, itβs hard sell for buyers thinking there are tens thousands of cars passing by underneath every day causing those vibration. Then again people living in Singapore, Hongkong, Tokyo etc will laugh and say I think too much...
Financial Advice β Do you need help Need help with your share portfolio? PFI can assist with investment strategies? We provide the research to ensure your investment selections achieve the goals. This is the value of advice. » Contact us today