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...
Daily Bulletin
