Report reveals 10 suburbs set to boom from $1 trillion transport spend

Parramatta is set to soar on the back of transport investment. Picture: Parramatta Council Property markets are experiencing value falls right across Australia, but a new report has identified 10 areas primed for growth on the back of transport infrastructure spend. The Roads to Riches Report by Plenitude Wealth and Hotspotting has shed light on growth markets to be boosted by the nation’s “largest and most sustained period of transport infrastructure investment”. The report has identified 664 transport infrastructure projects worth more than $100 million each that are planned, in design, in pre-construction or actively under construction. All up, the pipeline has a value of $1.02 trillion. MORE:Sad truth behind RBA plans for Aussies Projects of such a scale had “massive” impact on real estate demand in surrounding areas, thanks to the significant employment they generate, said Plenitude Wealth founder Andrew Courtney. Property analyst Terry Ryder has identified 10 major growth hot spots. “Real estate that lies in the path of progress usually has superior rates of capital growth,” Mr Courtney said. “The best strategy for investors chasing capital growth is to focus on markets where...