Legacy Way - Brisbane - effect on prices

[Freddie Mac]

The Legacy tunnel in due to open next year and will slash commute times to the city from what is currently a slow crawl.

What do people think the effects will be on prices in the western corridor?

I'm thinking of buying a townhouse in one of the western suburbs - Indooroopilly, Taringa , Kenmore

Currently I have my eye on this:

http://www.realestate.com.au/property-townhouse-qld-indooroopilly-117204543


1. Right near to an on/off ramp for the Western Freeway which will lead into the tunnel.

2. Next door to one of the best primary schools in Brisbane (and catchment for one of the best secondary state schools in Brisbane)

3. 15 min walk from Indooroopilly Westfield

4. 20 min walk from station

Should rent for about $470pw. Body corporate fees look a little high though at around $80 a week.

Any thoughts would be appreciated.

 

[Freddie Mac]

Haha. Ripper of a thread

 

[norwoodman]

Legacy Way itself isn't intended to provide another route from the west into the centre of Brisbane - it is to take the traffic bypassing the city to the northern suburbs off of Milton Road, which in turn will reduce traffic flow on Milton Road.

 

[Freddie Mac]

Hi Norwoodman. I was under the impression that Legacy way will mean a quicker route through to the CBD (or at least the airport) ? Or maybe just the widening of the Western Freeway will have that effect.

 

[Angel]

Legacy way is going to go under the city and come out at Kelvin Grove, or so the sign at the entrance has been saying for the last two years. It will join the Inner City Bypass.
Great for Moi.

http://transcityjv.com.au/