The newly proposed flight paths for planes at Western Sydney Airport is expected to have a significant impact on property values in the area. 👇
He pointed to a University of Sydney study that found properties underneath flight paths were three to five per cent less in value than other properties.
“If you had a million bucks to spend, where would you spend it? Try not to spend it under a flight path is my point,” he said. Ray White Commercial head of research Vanessa Rader said while there would be noise impacts, the government had done well to limit the impacts with more heavy aircraft movement in the south east where there is less population density and more employment related lands.
Ms Rader said there was an initial reluctance from buyers in Sydney’s inner west regions when the third runway opened at Sydney Airport in the mid 1990s. “The advantage of proximity to the greatest infrastructure project for Sydney improving access, transport, employment opportunities may counteract some of these impacts,” she said,
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