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The Secret Agent Report

A monthly online publication by Melbourne buyers advocates Secret Agent to help buyers, researchers and industry professionals navigate the local property market.


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The Secret Agent Report - Melbourne Metro Rail Project

August 2015

Melbourne Metro Rail Project

Melbourne Metro Rail Project [Download PDF]

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“The reality about transportation is that it’s future-oriented. If we’re planning for what we have, we’re behind the curve.”
– Anthony Foxx

A step towards relieving congestion on our roads and train network is the Melbourne Metro Rail Project. This proposed rail infrastructure project will add a new underground metro system to Melbourne’s existing rail network. This could transform our current radial system into a more integrated network, and will provide an efficient way of crossing the city from the west to the east. 

Secret Agent decided to follow up from our Congestion Charge report by investigating the proposal for the Melbourne Metro Rail Project. We consider how it will affect Melbourne as a whole, and of course, how it could affect the value of both commercial and residential property in areas surrounding the new metro stations.

Excerpt:

The Melbourne Metro railway line will consist of two 9km tunnels running from South Kensington through the CBD to South Yarra. This will connect the Sunbury line in the west and Cranbourne/Pakenham lines in the east. Five new underground stations will be built at Arden, Parkville, CBD North, CBD South and Domain as shown in Figure 1. This would start to integrate Melbourne’s train lines better, moving away from the radial network to a more grid-like one. It will enable many people living nearby the CBD to travel from the west and north to the east within a single train ride.

The stations at Domain and Parkville will have a train/tram interchange, allowing those coming from further out via tram to easily jump onto the metro. The new line will bypass both the existing South Kensington and South Yarra stations, and there will be rail tunnel entrances a short distance away.

The project will provide a good basis for expanding Melbourne’s public transport system in years to come, with further continuations of the line possible.

According to the proposal, this will be the first step towards achieving a public transport system where commuters will not need to rely on a timetable and can simply turn up and go (Melbourne Metro Rail Authority, 2015b).

This would emulate how other public transport systems across Europe and Japan operate, putting Melbourne on the map for having world class public transport. The Victorian government plans for major construction to begin in 2018 and to be completed by 2026. Currently, the project is still in its planning stages with geotechnical works being undertaken to determine more detailed information about the correct alignment and depth for the tunnels.

The five new underground stations and the areas that they will service are described in more detail in this report. We have also projected a 400 metre radius around each station to show properties considered to be within easy walking distance to public transport. The value of properties within this 400 metre radius will be most significantly affected.

 


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