Concord values to increase by 10-15pc: Agent

23 SEP 2013 • By Staff Reporter • 1 min read • Hotspots

Real estate values in Sydney's Concord will jump by 10 to 15 per cent following the announcement of the WestConnex motorway, according to Raine & Horne Concord Principal Paul Pettenon.

The motorway, which is set to start construction in 18 months' time, will link Sydney's inner west suburbs to the CBD and is expected to most affect the suburb of Concord.

Mr Pettenon is tipping a surge in property prices in the area, citing the impact on real estate values of past infrastructure.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

“The WestConnex will result in quieter streets and much faster travelling times to the City, which will help drive up values in and around Concord,” said Mr Pettenon.

“In a hot market like we currently have, we could easily see prices jump in Concord on the back of this announcement by 10–15% over the next 18 months, with more tempered growth as the completion of the project draws closer.”

Mr Pettenin said the motorway will address major traffic congestion surrounding the entrance to the M4, as well as on secondary roads between Concord and Haberfield.

Tags:

Latest

You need to be a member to post comments. Become a member for free today!