Melbourne is a big winner following the announcement of the recent Federal Budget with significant new infrastructure projects including the $5 billion Melbourne Airport Rail Link notable highlights, according to Jason Beveridge, Director, Raine & Horne Commercial Victoria.
“Commercial property markets in western Melbourne are set to benefit significantly from the building of the Airport Rail Link, which has been a bit of a political football for decades,” said Jason. “Traffic congestion to and from the airport is a significant economic and commercial hand break, and this rail link will finally help address these problems.”
The rail link project will prove a valuable investment in improving Melbourne’s logistics sector and should be a shot in the arm for tourism, noted Jason. Other major infrastructure projects committed to in the 2018/19 Federal Budget include the $1.75 billion North East Link, the $475 million Monash Rail, a rail link to Monash University's Clayton campus, and the electrification upgrade of the Frankston to Baxter Rail Link.
Our full-service commercial real estate network can provide in-depth knowledge of local and regional property markets, with insight and understanding that comes from being a part of a long-established national and international property group. Committed to personalised service and achieving unsurpassed results, our clients continue to benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.
The Raine & Horne Commercial network is comprised of 100% owner-managed offices and includes numerous industry leaders and award winners. We employ agents who are empowered, encouraged to share and who maintain first rate communication to deliver the best possible outcome with every transaction. We pride ourselves on staying abreast of local and national trends and developments in the property industry, resulting in consistently cutting-edge services and holistic solutions for our clients.
Our industry experts embody and respect the family-oriented values synonymous with the Raine & Horne Commercial brand, allowing us to provide a complete range of professional services for all aspects of commercial, industrial, retail sales, leasing and specialist properties.