PRDnationwide Research Report Prepared by PRDnationwide Research. For further details contact: Aaron Maskrey, Residential Research Director Australian Railway Suburbs P: (07) 3370 1702 E:
[email protected] Real Estate Analysis June Quarter 2013 1 Table of Contents Introduction & Methodology 3 Key Findings 4 Sydney Railway Suburbs, New South Wales 5 Sydney Railway Localities Overview 6 Sydney Individual Railway Localities Overview 7 Sydney Railway Localities Summary Table 9 Melbourne Railway Suburbs, Victoria 10 Melbourne Railway Localities Overview 11 Melbourne Individual Railway Localities Overview 12 Melbourne Railway Localities Summary Table 14 Brisbane Railway Suburbs, Queensland 15 Brisbane Railway Localities Overview 16 Brisbane Individual Railway Localities Overview 17 Brisbane Railway Localities Summary Table 19 Perth Railway Suburbs, Western Australia 20 Perth Railway Localities Overview 21 Perth Individual Railway Localities Overview 22 Perth Railway Localities Summary Table 24 Disclaimer 25 2 Introduction & Methodology • Most capital cities offer several options of public transportation, but railways are a common option of transportation that is shared across the majority of Australian state capital cities. Sydney and Brisbane may utilise their waterways extensively through ferry transport, while Melbourne and Perth do not offer such an extensive ferry service. Instead, Melbourne operates a thorough light rail network and while the trams manoeuvre through the city in their own lanes, they are not as rapid as trains. All capital cities make use of buses, in which some cities might have bus ways, but the majority of bus transportation across the cities are through use of shared roads which overall tend to get congested through overuse in peak hour. • The aim of this research is to ascertain the difference of property returns from a location within walking distance to a railway station and localities that are of farther distance and do not rely immediately on the use of railways.