Making the state and federal governments announcement that an historic Blue Mountains tunnel is a step closer, with the contract awarded for the environmental assessment to build Australia’s longest road tunnel between Blackheath and Little Hartley, McGrath Orange director and sales agent Josh Fitzgerald sees a positive future for home owners and investors across the Central West.
“The tunnel will make journeys between the Central West and East Coast more time efficient and safer,” Josh said. “While the property market is buoyant at the moment, we can predict that it will increase once construction starts on this project.”
Initial construction work is scheduled to start in late 2022, with the tunnel slated to begin in 2024.
“From that point onwards, the excitement this will create will see an influx of more Sydney-siders looking to relocate permanently and you would also expect potential investors to see more value in regional districts of Lithgow, Bathurst, Mudgee, Orange, Cowra, Dubbo and their surrounds.”
Josh adds that residents of these areas will see value in other areas close to the coast. “The Central Coast could be a three-and-a-half hour drive, making it an attractive location to purchase an investment property or holiday home while still benefiting from regional living.”