Australian capital cities invariably rank highly in ‘most liveable cities’ lists, and their appeal, in conjunction with Australia’s high migration intake over the past 13 years, has contributed to rapid population growth within metropolitan areas. Whilst an overall benefit economically and culturally, rapid population growth and lagging public transport development continues to add to congestion in major cities. Australia’s population is forecast to grow by five million over the next decade, roughly equivalent to adding another Sydney to the nation’s existing population of twenty-five million. New transport infrastructure will be essential in catering for this population growth.
Investment in public transport infrastructure, particularly rail, is necessary to maintain liveability standards for residents commuting to employment centres. This has prompted federal and state governments to combine resources to undertake a period of transport investment that is forecast to grow by 107% over the next seven years. More...
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Listen to Kate Bailey, Associate Director - Head of Logistics and Retail Research, discuss in under 5minutes the findings of the first report in Australia that compiles new/proposed metro infrastructure, surrounding developments floor area added and cost, and explores key development areas at a macro scale across residential, office and retail.