Sydney Metro-fication 2.0

The new Metro train network has been a transformative piece of infrastructure for Greater Sydney. With half the network now delivered and operational, this report assess its impacts on the market. The report analyses the train lines’ impact on demographics, property markets, and spending. Findings include:

• Population growth in regions along the already delivered Metro lines has outpaced neighboring suburbs substantially.
• Similarly outsized growth has been observed when looking at apartment values along the Metro corridor. It was also noted that this widening in residential valuations between suburbs near station and further afield began to materialize up to ten years prior to the stations being delivered.
• Office markets along the Metro network saw accelerated rental rate and capital value growth up to five years before stations were delivered.
• Business along the City Line saw uplift in spending on Food and Beverage Services in the year post-delivery of the Metro trains.

Given ongoing rezoning and planning changes occurring across the network, it’s also clear that the Metro train system will have lasting impacts on property development and economic growth in Sydney for years to come.