Published on ‘realestate.com.au‘ by Paul Thornhill
Prime Minister Malcolm Turnbull has put public transport infrastructure firmly back on the agenda, reversing the former Abbott government’s policy of only funding road projects.
As a result, a number of proposals are now receiving a second look at both a state and federal level. One of these is the Cross River Rail Project in Brisbane, a 9.8km tunnel linking Yeerongpilly in the south with new stations in the city and Bowen Hills in the inner north.
That’s great news for 2.3 million people confined to just four ways to cross a river which effectively divides Brisbane in half. But will this proposal make a difference to property prices?