All aboard light rail
Here’s some good news for residents of On Forbes, who will have the security of knowing they’ve invested in a community that is healthy, liveable and a smart long-term investment.
Light rail systems now move 45 million people every day in 388 cities around the world. A further 80 cities are building or planning their first light rail line – and Canberra is one of them.
The nation’s capital is expected to be home to half a million people by the 2050s. As our population grows, we need to build a city that is compact and efficient.
Light rail can move up to 20,000 passengers each hour in one direction in the same amount of space that it takes to move just 800 cars, or about 1,000 people. The same space dedicated to buses moves between 2,000 and 8,000 people per hour.
Light rail is safer than travelling by car. Six times safer, according to the International Association of Public Transport.
It’s better for the planet too. Light rail transport consumes an average of seven times less energy per passenger than cars. In fact, light rail produces no emissions at street level, which means air quality in local areas is vastly improved.
But light rail brings with it many benefits beyond getting people from A to B.
The health benefits of light rail are not to be sneezed at. The ACT Government has found that people will walk up to a kilometre for light rail – much further than the 400 metres they’ll walk to catch a bus.
Research has also found that light rail can enhance the value of entire neighbourhoods. For example, property prices along Route 96 in inner north Melbourne rose by 10 per cent after light rail was introduced.
And in the Gold Coast, plots of land within 400 metres of a light rail stop rose by a combined $300 million in value in the year after the light rail went in – which is seven per cent more than land between 400 metres and two kilometres away.
Why does this happen?
For starters, fixed routes provide certainty, which encourages businesses to invest in the future. And light rail also encourages higher density living, and with it a wider range of services and amenities.
At On Forbes, light rail is right on your doorstep.