Perth embraces light rail

Wednesday, 1st Jan 2014

Locals in the world’s most isolated capital city of Perth are excited about a commitment by the government to push ahead with a major light rail project. But when will it be built? And how will this affect Perth Property Investors? Major transport projects are good news for a number of reasons – principally, there are obvious improvements to getting around and a reduction in car traffic in urban areas. On top, there’s usually  an uplift in property prices, which is great news for Perth Property Investors. Damian Collins the Managing Director of Momentum Wealth believes there will be a number of reasons for additional growth in the median values in inner Perth. For one, public transport in Perth is well below the standard you’d get in other capital cities. The trains are always crowded, the roads are busy … we’re rapidly growing and fairly spread out city so infrastructure like this well aid convenience.