Spring is always a busy time for real estate and this year it could be influenced by the opening of the new Perth Bunbury Highway in the next few months, well ahead of it’s December target.
Mr Morgan from Harcourt’s Bunbury said “The opening of this new highway is set to shave at least 30 minutes off the normal trip to Perth.”
“This will lead to opening new markets in and around the greater Bunbury area.”
Looking at the studies, they show that projects such as these can affect such things as, Increases in population, day trip activity, increases in residential sales, possible lifts in values, and can also affect the amount of medium-density development, retail development and leads to also lowering the average age of the area.”
“The greater Bunbury area could be set for a substantial upswing in real estate activity towards the end of the year if you where to take into account all these additional factors taking shape in the region.”
This saving will be significantly greater during peak periods, such as long weekends and major holidays, when there is more traffic on these roads.
The project is also set to boost business and economic development in the South West, as commercial traffic won’t be constrained by the lack of an efficient Perth-Mandurah-Bunbury link. It will also improve the link to the Bunbury Port, strengthening its position as an alternative facility servicing international trade.
For further information contact Richard Morgan, Managing Director Harcourt’s Bunbury on 9722 6666, www.bunbury.harcourts.com.au, Shop 15/22 Stirling Street, Bunbury.