Has anything changed since the railways developed across Australia in the mid to late 1800's? The wisdom then was, to reap rewards from investment, one should follow the train line and purchase property nearby.
This wisdom was recounted by Marisaa Calligeros in the Brisbane Times some time ago, referring to the current real estate boom. She showed how the prices have moved since the noughties, as one follows the rail line from Brisbane's south-west. She predicts that capital growth will continue in this direction in this next decade
Now here is a 21st century revelation: "Analysts have unanimously agreed suburbs boasting a rail station en route to the CBD will see marked growth, signalling a push towards transit-orientated development".
Well! What an astonishing analysis. Why didn't I think of that! I too could be on the big bucks offering such brilliant and awe-inspiring analysis.
Australia's expansion coincided with the development of the railways. In every Australian State one can follow the mushrooming of new settlements with the building of new railway lines.
In Queensland we can follow this development to Ipswich, Toowoomba, and up the coastal sunshine strip.
In his diary, my grand-father recounts that the main railway line was constructed to Gympie as a result of Gold being discovered in the later half of the 1800's. Gympie's claim to fame is that it's the town that saved Queensland from financial ruin.
It was 1891 that the Brisbane to Gympie railway line was opened by the then Governor of Queensland Sir Henry Norman and the Premier Sir Samuel Griffith.
As the Footplate Padre and author of 16 railway books, I have taken a special interest in the development of the railways. The land from Sydney to the the Blue Mountains and beyond to centres such as Lithgow, Bathurst, Orange, Blayney, Cowra and Parkes were all opened to their full potential with the advent of the railway.
Similarly, the development of the southern areas to Goulburn and Crookwell, Queanbeyan and Cooma, Harden and Cootamundra, Junee, Wagga Wagga and Albury followed the train line.
In Victoria, the railway development from Melbourne to Ballarat and Bendigo and south to Geelong, as well as the northern route to Seymour, Benalla and Wodonga enabled the economic growth of those well-known areas.
The line from Adelaide to Port Augusta and Port Pirie in South Australia allowed settlers to move to those areas; and in Western Australia, too, the railway to the gold fields of Kalgoorlie, and south to Bunbury and Albany and that State's vast wheat 'bread basket' regions was critical to its viability as such an isolated 'colony'.
The same happened in the United States, as the saying 'Go West, young man' was a reality as the 'rail road' moved to the undeveloped west across that country from the developed east, and innovation and prosperity followed.
Investment opportunities have always coincided with railway development, because the trains allowed people to move to new areas and start farms, businesses, schools, hospitals, police stations and all the different services people required.
Perhaps in this day and age of super fast technology and jet aeroplanes that carry 500 people, the young investor is unaware of the added value that a railway brings with it. Possibly, just possibly, they may need to be brought up to speed on this most elementary of real estate wisdom.
Dr Mark Tronson is a Baptist minister (retired) who served as the Australian cricket team chaplain for 17 years (2000 ret) and established Life After Cricket in 2001. He was recognised by the Olympic Ministry Medal in 2009 presented by Carl Lewis Olympian of the Century. He mentors young writers and has written 24 books, and enjoys writing. He is married to Delma, with four adult children and grand-children. Dr Tronson writes a daily article for Christian Today Australia (since 2008) and in November 2016 established Christian Today New Zealand. Dr Mark Tronson’s Press Service International in 2019 was awarded the Australasian Religious Press Association’s premier award, The Gutenberg.
Mark Tronson's archive of articles can be viewed at http://www.pressserviceinternational.org/mark-tronson.html
Dr Mark Tronson - a 4 min video
Chairman – Well-Being Australia
Baptist Minister 44 years
- 1984 - Australian cricket team chaplain 17 years (Ret)
- 2001 - Life After Cricket (18 years Ret)
- 2009 - Olympic Ministry Medal – presented by Carl Lewis
- 2019 - The Gutenberg - (ARPA Christian Media premier award)
Gutenberg video - 2min 14sec
Married to Delma for 44 years with 4 children and 5 grand children