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The rail tracks are not the only things being laid down in Sydney; so are the foundations for a new kind of property boom. A recent report by CBRE has drawn attention to the transformative impact of Sydney's Metro line on property values, demographics, and the general lifestyle of its residents. Termed "Metro-fication," this change is more than just a catchy phrase; it's a reality that homeowners, potential buyers, and even removalists need to pay attention to. Men That Move, a leading Sydney removalist, has already observed this trend, experiencing a significant uptick in bookings for moves to Metro-connected suburbs.
The Metro line is doing more than just transporting people. It's driving property values at an unprecedented rate. According to the CBRE and PropTrack data, the suburbs along the Metro line have seen a whopping 49% increase in capital value over the past decade. This surge is eclipsing the surrounding suburbs, which have lagged behind by an average of 5%.
Castle Hill and Crows Nest serve as extreme but illustrative examples. The former has recorded a 72% capital value growth, significantly outpacing its neighbour Baulkham Hills. Meanwhile, Crows Nest has shown an astounding 79% growth in capital value, leaving nearby Cammeray behind at 62%.
If you're eyeing property in one of these Metro-adjacent suburbs, you might want to act fast. Given the rate at which property values are rising, it's better to make your move sooner rather than later. This is where booking a removalist like Men That Move comes into play. Moving to a high-value, Metro-connected area is a smart investment, and you'd want it to be as seamless as possible.
Further sweetening the pot, there's a slew of integrated developments around Metro stations. Suburbs like Kellyville and Bella Vista are not just planning new homes but also educational and community facilities. For example, an $850 million residential complex with 771 apartments has been approved right opposite The Hills Showground Metro Station.
CBRE’s Pacific head of research, Sameer Chopra, identifies this phenomenon as transformative for the daily lives of Sydneysiders. By 2030, the Metro network will comprise four lines, 46 stations, and 113 km of new rail. The commute times have already been reduced significantly, enabling people to reclaim valuable hours of their day.
Property Boom: The Metro line has been a catalyst for skyrocketing property values.
Time to Move: With the rapid growth, now is the time to invest in these areas and consider booking a removalist for a smooth transition.
Future Developments: The Metro line suburbs are slated for significant growth in both residential and community amenities.
So, if you've been contemplating buying a property or moving to a Metro-connected suburb, the data speaks for itself. Book a removalist, such as Men That Move, and prepare for a future where your property value and lifestyle see nothing but an upward trajectory.