Geraldton infrastructure improvements may attract property investment
The Geraldton property market may have more to offer than ever before thanks to a $17.7 million cash injection from the state government.
The multimillion-dollar funding boost will support major infrastructure developments in the mid-west town which are tipped to open up more land and residential property opportunities in the region.
Western Australian lands minister Brendon Grylls said road, aviation and railway improvements earmarked for the town may spur future growth in Geraldton - a potential drawcard for potential home buyers.
As part of the project, road connections between the town's northern and southern suburbs will be improved, while the much-needed Verita road and overpass will also be constructed.
Mr Grylls commented: "Verita Road will be the main access to the planned southern districts sporting complex, as well as the proposed commercial shopping precinct in Wandina.
"It will also open further opportunity for land and housing developments."
Travelling to and from the area will become more efficient thanks to works on the Geraldton Airport, with electrical and scheme water upgrades ensuring the airbase meets expected growth in the future.
With the town positioned for future growth, purchasing both residential and commercial real estate in the region may become a more attractive option for those looking to snap up property outside of the state's capital.