Hi all,
I'm looking at a few options in Dianella and wanted to know which Sydney suburb it would be closest to if you had to compare? Also, what are your thoughts on the proposed rail network? Do you think it will get the budget needed to go ahead?
Hi MrLV,
Don't know Sydney suburbs well enough to make a valid comparison to Sydney suburbs.
Link to Dianella statistics and profile for your information.
Light rail will have a positive effect on property prices in the vicinity of the rail route. About 8 years ago Michael Matusik did an analysis of properties in the same suburb to see which features had a more profound effect on property prices.
Rail was one of them – properties within 1km of a rail line outperformed the rest of the same suburb. My hazy memory said it was a signficant difference.
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