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Not too late to invest in regional: Government signals commitment to high-speed rail
Plans for a 250km bullet train connecting Melbourne to Sydney and Brisbane are moving ahead with the federal government establishing a high-speed rail authority.
This is a project that's been talked about since about 2013, and it looks like it's finally getting a big push from the government to make this into a reality.
In the above video Domenic Nesci, Co-Founder at Wealthi, analyses this huge infrastructure investment and how it can impact regional property prices.
The initial Newcastle-Sydney section will receive $500 million of federal government backing for corridor planning and early works as part of its first budget. If realised, the Newcastle-to-Sydney stage will slash travel times from more than 2.5 hours to 45 minutes.
"Many of us can work from home effectively and go into the office a couple of days a week. You can see why these satellite cities and regional towns where this high-speed rail network would go through would suddenly rock it off in price."
Watch the video above to understand the infrastructure project proposed and how it can impact regional property prices.
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Domenic is one of Australia's best known property investment experts and host of the Wealthi podcast followed by thousands of viewers. Connect with Dom on LinkedIn.