All roads lead to sea-change country for hungry investors
PROPERTY investors looking to make a killing should follow the new roads penetrating deep into seachange country.
Why? Because two of the most powerful forces in creating real estate hotspots are the seachange movement and new transport infrastructure. Put the two together and you have a potent recipe for strong prices.
That's an important consideration for investors right now. Around Australia there are numerous locations where the marriage of seachange and transport infrastructure is creating hotspots. NSW, Queensland, Victoria and Western Australia all have locations with this formidable combination.....
....Further south, locations such as Ballina, and Yamba will also catch some of the breeze from the Tugun Bypass coupled with ongoing improvements to the Pacific Motorway.
Works on improving the motorway from Ballina to Yamba and beyond are part of the ongoing upgrade of the Pacific Motorway from the Queensland border south to Newcastle, which began in 1996 as a 10-year program and has cost $2.3 billion to date.
The original program has now been extended with the injection of further funds by both the federal and state governments.
About 250km of the Pacific Motorway is now double-lane, divided road and a further 480km of the highway has works under construction, approved for construction, or in advanced planning.
The Ballina bypass, an important component of this project, is a 12.4km section of dual carriageway on which construction is due to start next year.
All this translates into big benefits for property markets in this precinct because it makes it easier for people in southern Queensland and northern NSW to access these areas.
Source: The Australian
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