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High-speed rail can generate economic growth to help pay for itself

9 February 2022

Land value growth could be used to fund the proposed high-speed rail network on the east coast of Australia, UNSW research shows.

Land values and property prices around high-speed rail (HSR) stations would increase by potentially up to $140 billion – a significant portion of which could be dedicated to funding its construction. High-Speed Rail Value Uplift: Preliminary Investigation Report, released today from the UNSW City Futures Research Centre, calculates estimated growth – or ‘value uplift’ – in land values due to the HSR. It suggests adopting policies that funnel economic growth from the HSR towards offsetting its costs would see taxpayers share the benefits of land value increases while reducing the pressure on Governments to finance it.

According to report estimates, the land surrounding a number of stations along the proposed HSR line on the east coast would experience a significant value increase – between $48 billion to $140 billion, in the population growth scenarios used in the report. The projections on both infrastructure-related uplift for existing residential properties from improved accessibility and planning-related value uplift from land rezoned to residential use around the stations.

For the full article, please see attachment

UNSW Sydney Media Release

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