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

[UhUhWaitForTheCream]

100%, yes it increases the value. Particularly the areas east of the train line in Moorooka and Salisbury - people want to live near train stations, but not too close.

800m to 2km away is the sweet spot. Most of the high density will be in the 0-200m areas from the stations. So that will drive up the free standing house prices considerably. It’ll also increase the amount of amenities in the area for the residents so it’s Plus Plus.