According to The Australian Financial Review, Australia’s largest cities need to plan their longer-term housing supply around train stations to enable sustainable denser development, otherwise they will lose out in the global competition for people and investment.
New KPMG analysis shows that Sydney especially and Melbourne – to a lesser extent – have developed housing close to railway stations in recent years, but that in the longer term they will need to do more. Over the 15 years to 2021, Greater Sydney developed 430,000 additional homes of which almost half – 49 per cent – were located within 1 kilometre of a train station. https://www.afr.com/property/residential/the-big-factor-that-could-help-australian-cities-boom-20230419-p5d1jp
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