North-west Sydney transport upgrades could support commercial investment
The government of New South Wales has implemented the preservation of public transport corridors in Sydney's north-west, a move welcomed by the Property Council of Australia.
NSW executive director Glenn Byres noted that a forward thinking strategy was beneficial for the economic health of the city.
He said: "Sydney will inevitably grow – so it is smart to make decisions now that will pay a long-term dividend."
In order to inspire commercial property investment in urban areas, it is wise to increase mobility and expand connectivity from the central business district to the outer sections of the city.
"Good strategic planning can unleash private sector investment, build stronger communities and enhance the economic productivity of the city," said Mr Byres.
Intelligent design could also support investment towards residential and commercial property, as efficient travel options may encourage interest from other markets.
Twenty-minute train rides versus an hour sitting in traffic would likely provide more motivation to head in to the city for a variety of commercial activities.