Access to public transport is a key attribute for rental properties and a recent study has highlighted the advantages of suburbs close to railway lines.
Unlike buses and most tram systems, train services don’t usually slow down in peak hour traffic, even if they do get crowded.
The Australian Capital City Railway Study 2013 found that:
- Railway suburbs in Sydney had higher rental yields from both houses and railway suburbs.
- Melbourne railway suburbs had a median price almost 11 per cent higher than non-railway suburbs.
- Differences between railway and non-railway suburbs were less marked in Brisbane and Perth.
When it comes to the potential for capital gains, the report by PRDnationwide said that the trends in median prices showed little difference in growth between railway and non-railway suburbs.