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Importance of Infrastructure in regional Victoria

Importance of Infrastructure in regional Victoria

The end of the line suburbs or regions of Melbourne will benefit most from the Governments massive transport infrastructure program if they are ever completed. Established cities that have their own infrastructure such as Ballarat, Bendigo, Geelong and even suburbs such as Frankston will have the most to gain compared to the suburbs in between.

The big spend will have little impact on Melbourne’s Inner City property values which are not transport dependent and as a consequence will continue to be highly desirable for this reason. The areas that have the most to gain or make up are those suburbs that have the lowest median price (compared to the average), and as these programs reach completion, the median prices of those outer areas should merge with the average. To that end Frankston continues to appeal because of its relatively low median.

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