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Progress on expanding Sydney’s metro system is seen as critical to addressing the city’s housing woes.
The Property Council of Australia, for example, recently commended the NSW government’s progress on the capital city’s metro system, hailing it as the “solution Sydney needs for sustainable growth”.
This comes on the heels of NSW Premier Chris Minns announcing that significant progress has been made on Sydney’s conversion of the T3 Bankstown line into the Southwest Metro, with the government also fast-tracking the delivery of new housing along the upcoming line.
In order to deliver this supply, the government has backed the delivery of transport-oriented developments at majority of the 10 Southwest stations on the line, including an accelerated precinct at Bankstown Station.
The government said that the completed line will provide thousands of residents with “fast and reliable” transport linking Bankstown in Sydney’s south-west to the city’s north-western areas.
Highlighting that “NSW is losing twice as many young people as we’re getting”, Premier Minns stressed that “building new homes near public transport with major projects like this is a critical part of the solution to making housing more affordable”.
Katie Stevenson, NSW executive director of the Property Council of Australia, welcomed this progress on the Southwest Metro line, emphasising that “it’s not just about transforming an old rail line – it’s about unlocking housing in key growth areas”.
“Southwest Metro will reshape how residents across the inner west and south-west live and travel, making sure more people have access to well-located homes near world-class transport infrastructure,” she said.
This sentiment echoes research which was released last year jointly by CBRE and PropTrack, that found suburbs along Sydney’s metro line reported a 49 per cent increase in capital value over the last decade, outperforming non-metro suburbs by an average of 5 per cent.
The data showed that the metro line suburb of Castle Hill’s 72 per cent capital growth over the decade leading up to 2023 far exceeded the 49 per cent growth of the nearby non-metro suburb of Baulkham Hills over the same period.
Explaining this growth, REA Group economist Anne Flaherty pointed out that the potential for rezoning and expanded infrastructure development driven by the metro has resulted in “increased demand” and an “overall increase in dwelling values” for houses in suburbs near the metro line.
Since the extension of the metro line from Chatswood to Sydenham in Sydney’s inner west in mid-2024, Stevenson described the expanding infrastructure as “the solution Sydney needs for sustainable growth, with Metro corridors becoming hubs for housing, community amenities and business”.
Looking ahead, the Southwest Metro conversion is currently set to open in 2025, with Sydney on track to expand its metro network to four lines spanning 113 kilometres of rail and connecting 46 stations by 2030.
Stevenson said that the Property Council will continue to work with the government and industry partners to drive further investment along Sydney Metro corridors.
“Sydney Metro is a game-changing investment in Sydney’s future, creating well-planned, connected communities ready to thrive as our city grows,” Stevenson said.
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