INFRASTRUCTURE. It is not a sexy word. But it will turn property pundits’ heads like nothing else in 2009, experts claim.
Close proximity to major shopping centres, good schools, transport and places to work and play will create a safety-net for real estate values next year, they say.
Median home values in inner and middle-ring suburbs should hold ground in 2009 if recent economic waves subside, a Sunday Herald Sun survey of senior industry figures revealed.
But homes in suburbs with a saturation of similar properties and inner east suburbs with inflated prices are poised to suffer value drops.
“Follow the infrastructure trail in 2009,” Barry Plant Group boss Barry Plant said.
“Next year and for the next two decades, convenience will guide the market.
“People will no longer travel more than 45 minutes to work and this will put a high value on access to infrastructure.”
Click here to read the full list of forecasts.
