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In Victoria, the Andrews government’s level crossing removal project has lifted property prices by up to 28% around sites where work has been completed. Tracey Nearmy/AAP

Rail works lift property prices, pointing to value capture’s potential to fund city infrastructure

Chyi Lin Lee, UNSW ; Jian Liang, Deakin University, and Kang Koo, Deakin University

Value capture depends on infrastructure increasing the value of affected areas in the first place. Victoria’s level crossing removal project shows the impact on property values can be significant.

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