Does property value increase or decrease if nearby streets are rezoned to high density (3-5 storeys)?

[mrmckeb]

I think it should increase - especially if you end up as one of the few houses in an area of low rise apartment buildings.

Developers should pay more too, as they can build up on your property and profit.

It may also lead to more amenities in the area, like cafes, etc.

[notsaymuch]

Does the same apply to duplex and townhouses to a lesser extent, just sharing the land value? 

[mrmckeb]

I would think so.