Property values around light rail stations on the Gold Coast have risen 30 per cent more and spiked the most during the early planning phases, new research has found.
Researchers from Griffith University, the University of Sydney Business School and the University of Queensland are uncovering new insights into how property values rise when new public transport systems are launched.
Using residential property sales data from 1996 to 2016 the research team compared what happened within 800m of light rail stations with what happened in the area just beyond 800m.
They found property values rose significantly in both locations in the 20-year period but rose 30 per cent more around the light rail stations than they did in the locations further away.
The research from the team behind the ‘Funding on the Line’ Australian Research Council – Linkage Project is being presented at the upcoming World Symposium on Transport and Land Use Research, held
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