- February 5, 2016
- Posted by: Rogers Property Group
- Category: Latest News
Most would think that this is a silly question but a recent study has shown that being under a flight path has minimal effect on values.
The study found property investment prices in some suburbs under flight paths actually rose at a greater rate than other similar suburbs unaffected by flight paths.
A study conducted by Queensland university of technology (QUT) tracked the sales of 180,000 properties from 1988 to 2014 over 40 suburbs in and out of flight paths.
Property economist Professor Chris Eves and Andrea Blake from QUT Stated the following: “Our findings suggest that factors such as proximity to transport, the Brisbane CBD, schools, recreation facilities, the airport and other services, far outweigh any negative impact experienced as a consequence of being under a flight path or from aircraft noise.”