With the Federal and State Governments aligned on the development of the new Moorebank Container Shipping hub, we can only see positive impacts for surrounding commercial & industrial areas such as Sydney Olympic Park, Rhodes and beyond.
According to NAB research & other sources, a deal has been struck to devlop the new shipping container hub which will bring $10 billion in economic benefits to the area along with 1650 new jobs during the construction phase of the project and a futher 1700 jobs once operation on site and in surrounding supporting industries. Other non-economic positives are less truck movements on Sydney's already congested roads and few greenhouse emissions.
So what does this mean for office accommodation in Rhodes and Sydney Olympic Park?
Will property values increase in surrounding property markets?
For Office listing surrounding Rhodes & Sydney Olympic Park click here.