The infrastructure that happens to encompass your brand new house has a significant impact on your everyday life. Furthermore, it also influences its financial worth in the years ahead.
It is estimated that around seventy-two percent of Australia’s population is to reside in a metropolitan city by twenty fifty-three. (Reference: Australian Bureau of Statistics)
Making your dream home in the vicinity of transport hubs might be a wise decision in the long-term. Ferries, trains, and shared buses could substantially reduce the traffic woes several reasons already face. And it is pretty much destined only to be worsened in the unforeseen future.
Additionally, the requirement for the public as well as other alternative transport modes is only to reach a phenomenal height.
There is hardly any room for ambiguity that hubs for public transport are an integral element of a functional society. Let us now take a closer look at the host of benefits of building your house adjacent to one.
ELIMINATES COMMUTE FRUSTRATIONS
Experience a hassle-free commute when you are to develop your property close to any mass rapid transit system. There are already some construction companies in Darwin who are working on building residential housing near public transport systems.
A recent market study conducted by the IBM researchers revealed that the mean commute time is about half-an-hour in Australia. Furthermore, it also observed that eighty-two in every hundred Australians are greatly annoyed by their quality of commute. The most troublesome aspects of commuting in this country are listed as follows.
- Start-stop traffic (57%)
- The painstakingly slow and exceptionally lousy speed of traveling (36%)
- Rude drivers (30%)
- Inconsistent commute times (26%)
Naturally, only effective public transport in place would be able to solve all these issues. A regular timetable, impeccable consistency in speed, and flexible travel routes provide the ultimate experience for the entire family. To truly capitalize on it, it is imperative for one to build the home near the hub for easy accessibility. However, the property should still be far enough so that all the noise and commotion does interfere with your life.
SAVE TRANSPORT EXPENSES
The price of fossil fuel might be low enough at the moment. Nonetheless, it is fairly reasonable to forecast that these rates are far from being sustainable forever. Constructing your property within the walking distance to a train or bus station is no doubt a future-safe investment. In effect, it empowers you to bring down your transport costs.
The cities in Australia have long been alleged of having expensive public transport systems. However, the latest market research studies have started to indicate that it might not be the case actually. The Nine Squared Study examined how many minutes any given minimum wage employee works to pay for a typical trip. It revealed that Canberra, Hobart, Perth, Adelaide, Melbourne, and Darwin emerged as leading cities with the most affordable public transport. As a consequence, there is no dearth of new construction projects from various Darwin building companies.
ENJOY ACCELERATED VALUE GROWTH
New constructions from local building companies near public transport hubs are expected to be appreciated at a comparatively faster rate. The University of Technology, Sydney, examined the association between public transport proximity and house prices. They have considered the rail link from Epping to Chatswood in the northwest as a reference frame for the study. They found that properties situated within a kilometer of the station cost comparatively more once the hub became operational.
It is an absolute no-brainer than building your dream home near public transport would potentially increase its financial worth.
Easy accessibility to public transport continues to remain a dire need for many Australian consumers. Purchasing land and developing a home near bus and rail routes provides the ultimate experience in terms of convenience.