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Can Cars Destroy Real Estate Values?

by Marquette Turner

in Real Estate Radar

Despite the recent pullout of Mitsubishi from Australia, we are not talking here about the demise of the Australian car industry

Ever been to Zermatt, Switzerland? No cars are allowed in the whole town. There are some electric carts and horse carriages. It is absolutely relaxing walking about town with no polluting cars to disturb the tranquility.

Fast forward to Sydney or Melbourne’s freeways into the cities. Every morning cars are backed up for km’s and even worse at the entrance to the cities. It is not uncommon to take 30 minutes for that dreaded last “k” into town. Once there parking is the next nightmare.

Often a pedestrianised mall is one of the few no-go places for traffic. Water fountains are common, whilst people can sit and relax in cafés and socialise, or just people watch.

It is so blatantly obvious that car free areas thrive and yet it seems that man enslaves him selves to serving the servant of mobility. Wherever piece and quite rules, real estate prospers and people enjoy themselves. A combination that is hard to beat.

Alternative transportation methods, such as a credible train/metro system would allow people to reclaim our towns and make them ours again.

We live in hope!

Simon Turner simon@marquetteturner.com.au

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