Sydney's status as a world-class business destination makes it essential for top quality transport links to be on offer – and they are just about to get a whole lot better. That's because the New South Wales government has given the green light to a new metro service in the city, which will help reduce commuting times and keep congestion to a minimum.
"The second harbour rail crossing has been talked about for decades – today for the first time residents of Sydney know the funding is there to make it a reality," noted NSW Premier Mike Baird.
"Sydney Metro will be the new backbone of our public transport network; it's critical to boosting capacity and 'turn up and go' services will make travel easier than ever before."
Funding has been made available through the state government's Rebuilding NSW plan. The project will comprise two elements; Sydney Metro Northwest will provide trains every four minutes during peak periods, while Sydney Metro City and Southwest will pass under the Harbour Bridge and through the CBD.
It is anticipated that the capacity of the network will be increased by 60 per cent, which means an additional 100,000 people can be moved across the city every hour. Many of them are likely to live in real estate in Carlton and other nearby suburbs.
Earlier this year, it was announced that work had already begun on the Sydney Harbour rail crossing. It is anticipated that trains will become available every two minutes and will run through new stations in the CBD, before heading west out to Bankstown.
Sydney is thriving at the moment, which may give you the incentive you need to buy in the area. Knowing which type of property to choose can be difficult, which is why we're here to help.
The team at Ray White Carlton are here to assist with any questions you might have, whether you are hoping to buy or rent real estate in Carlton.