Showing posts with label becton. Show all posts
Showing posts with label becton. Show all posts

Saturday, July 26, 2008

Threat of tunnel already affecting Real Estate Prices?

There's an article in today's The Age, stating that petrol prices and 'the commute' are already causing a dip in prices of houses more than 20km from the city.

However, this article also has a table of suburbs, with median prices and the quarterly change.

Take a look at some local suburbs, and look at the changes in the last quarter. The three suburbs most affected by a car tunnel, Footscray and especially Ascot Vale and Kensington, have taken a dive, where similar suburbs alongside have gone up. The truck action plan may also have had a detrimental impact upon Yarraville. This goes against the trend, where houses within walking distance of the city increased by an average of 1.9%
  • Ascot Vale - Down 7.2%
  • Flemington - Up 1.4%
  • Footscray - Down 2.8%
  • Footscray West - Up 1.6%
  • Kensington - Down 7.0%
  • Maribyrnong - Up 0.6%
  • North Melbourne - n/a
It makes you wonder... it sure has Becton worried. (Read their EWLNA submission here).