Yes . . there really is more than one road. Not only are there multiple roads to riches, but there’s also rail and light rail and a host of other infrastructure changes coming your way. It seems all levels of government are finally getting their act together to (try to) deliver sustainable places for us all to live.
In each State and Territory, major road upgrades have begun. Some areas have multiple projects, however the list below provides a preview.
So why will this lead to riches? There is the obvious (targeted) lowering of traffic congestion, decrease in travel times and increase in safety. The resulting changes will impact employment, and hopefully make life a little easier for those of us who travel for work. The biggest impacts will be felt by property owners and buyers, who will experience significant changes to zoning and property use.
Depending on your perspective, the changes will deliver wins as well as losses. Managed carefully, you can turn your lemons into a lemonade stream. Whether you own a property or considering a purchase, outlined below are some tips for managing the change.
After you have gathered your information, it will be time for a drink . . .sorry, I meant think . . . but you also can do both. Then consider your choices including the following.
If you have lived in an area for many years and suddenly it feels like your world is changing, it can be extremely confronting. However, with any downside there is always an upside so you have the opportunity to get busy finding your optimum solution. You never know, you may find your road to riches actually starts in your backyard.
Author: Debra Beck-Mewing
Debra Beck-Mewing is the Founder and CEO of The Property Frontline. She has more than 20 years' experience in buying property Australia-wide, and is skilled in helping buyers use a range of strategies including renovating, granny flats, sub-division and development. Debra is experienced in identifying tailored opportunities, homes and sourcing properties that have multiple uses. She is a Qualified Property Investment Advisor, licensed real estate agent and also holds a Bachelor of Commerce and Master of Business. As a passionate advocate for increasing transparency in the property and wealth industries, Debra is a popular speaker on these topics. She is also an author, podcast host, Editor in Chief of Property Portfolio Magazine and participates on numerous committees including the Property Owners' Association.
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Disclaimer – This information is of a general nature only and does not constitute professional advice. We strongly recommend you seek your own professional advice in relation to your particular circumstances.