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Tue Oct 15

Rail works lift property prices, pointing to value capture's potential to fund city infrastructure

Written by Chyi Lin Lee, Associate Professor of Property, UNSW

Value capture has been advocated as an innovative way to fund infrastructure, including by the Australian government. However, its effectiveness in Australia has been questioned. Our research, based on railway level crossing removals in Victoria, suggests infrastructure projects do lead to higher property values, which could be captured to...

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