Property owners and investors across South East Queensland can take heart in the fact that the infrastructure being rolled out across the region will underpin future capital in their investment, according to the Property Council of Australia.
Property Council of Australia Queensland executive Director Steve Greenwood that the investment in infrastructure being made by all three levels of government in South East Queensland was good for property owners.
“History has shown us that investment in infrastructure delivers real increases in property values and
local economic development opportunities. We often only think of issues such as jobs, congestion, the environment and the delivery of services such as health when we consider the benefits of new infrastructure. The reality is that some of the benefit of these assets is inevitably captured in property values.
“This increase in value is obviously most significant those areas within the immediate vicinity or
catchment of the new infrastructure, but there are broad regional benefits as well. In the current sluggish investment climate where many are still feeling the lingering effects of the GFC, it may be a while before we see the impact of recently opened infrastructure such as the Clem7, Go Between Bridge, Gateway Duplication and Ipswich motorway upgrade flow through into property values.
“However the reality is that properties that fall within the catchments of these new assets will in time
see a positive impact on their values. Local businesses will also benefit from improved access and increased customer numbers. This is not to suggest that we are anywhere close to the level of infrastructure needed in this region.
“Research has shown that the State Government will need to continue its investment at around 7
per cent of Gross State Product. However all levels of government should be congratulated for their commitment investment in recent years – but this is only the beginning.”
Article source: Property Council of Australia