As readers of economist Phil Anderson’s books or newsletters  are well aware, when new infrastructure is built it delivers substantial unearned gains to nearby property owners. Phil calls this ‘enclosure of the economic rent’.

The infrastructure story is big one. It’s not just happening in Australia either. It’s a global phenomenon.

Land values are the barometer of an attractive community. Infrastructure adds enormous value to land in prime locations. Windfall gains deliver several times the cost of the infrastructure to surrounding properties.

Terry Ryder, Property specialist and journalist states:

“Increasingly I find transport infrastructure the most powerful creator of price growth in residential property. This is confirmed by research from multiple sources in recent years, which shows homes close to public transport services tend to grow faster in value than the norm.” (The Australian)

Massachusetts developer Frank McCourt used the increased value of his Seaport District properties from roughly $10 million to $200 million – to help finance his acquisition of the Los Angeles Dodgers. In a recent conference on value capture, Richard Henderson, an executive involved in the Seaport District’s transformation, described the investments as: “a tremendous boon to the landowners in the area.” (Smart Growth USA, June 30, 2011)

AUGUST 2018:

The Queensland government has revealed their vision for the future of Queensland's home of Cricket and AFL.

A $100 million injection into land surrounding the Gabba is set to activate public space while connecting pedestrians with existing and future transit infrastructure.

Plans set forth aim to alleviate access issues with the addition of a new raised pedestrian bridge connecting the current busway stop and the future site of  the Cross River Rail stop at South Brisbane to a brand new forecourt.

Another bridge will accommodate pedestrians converging from the Logan Road precinct.

Queensland Premier Annastacia Palaszczuk said investment in Cross River Rail unlocks a unique opportunity at Woolloongabba.

$2 million dollars has been approved as part of the Cross River Rail project to begin planning and start the consultation process with potential investors and the community over the coming months,” Palaszczuk said.

Related: Queensland's $46 Billion infrastructure BoomThe Gabba

The redevelopment includes a pedestrian bridge across Main Street to link the Cross River Rail station.

“Cross River Rail will enable turn-up-and-go frequency public transport across the network, meaning fans from across SEQ will find it even easier to jump on a train and get down to support the mighty Brisbane Lions or the Brisbane Heat.”

Deputy Premier and Treasurer Jackie Trad has unveiled an exciting concept for the future of the precinct around the Gabba.

“Plans are for the whole city block, which includes the Landcentre, old South Brisbane Dental Hospital and Goprint sites, to be completely transformed over the next decade.”

It is understood the project has the potential to attract up to $1.5 billion of private investment with redevelopment area surrounding the stadium soon be up for grabs.

New underground rail station:

Woolloongabba Station Cross River Rail

Once the new Cross River Rail is complete, Woolloongabba will be just minutes by train to the new Albert Street station in Brisbane’s CBD.

Last opportunity to grab an apartment at today's prices to take advantage of all these infrastructure and transport hub  changes here.