Sydney’s Metro line is already having an outsized impact on the city’s property market, pushing up residential values and driving population growth in Metro suburbs.

New data from CBRE and PropTrack highlights that suburbs along the Metro line have experienced a 49% increase in capital value over the past decade, outperforming their peer group by an average of 5%

The gap has been even wider in certain neighbouring suburbs, with the Metro line suburb of Castle Hill recording capital value growth of 72% compared to the 49% growth that’s occurred in the non-Metro suburb of Baulkham Hills.

Similarly, Crows Nest has notched up capital value growth of 79%, compared to 62% growth in nearby Cammeray.

CBRE’s Pacific Head of Research Sameer Chopra has dubbed it a “metro-fication”, which is transforming the living experience, work patterns and retail choices of Sydneysiders close to the city’s new railway stations.

“By 2030, Sydney will have a network of four Metro lines, 46 stations and 113km of new Metro rail. We’ve already seen early evidence of this driving higher residential price growth and we see this outperformance increasing once the next stage is completed, with shorter commute times being a key driver,” Mr Chopra noted.

This includes the trip from Macquarie Park to Barangaroo dropping from 53 minutes to 18 minutes and the commute from Pitt Street to Bankstown dropping from 1 hour and 20 minutes to 30 minutes.

REA Group Economist Anne Flaherty added, “The enhanced accessibility provided by the Metro, potential for additional infrastructure development, increased demand and possibilities for rezoning have all contributed to an overall increase in dwelling values.”

Residential price growth is just one piece of the puzzle with CBRE’s Metro – Transforming Sydney Precincts report also highlighting that the population in suburbs along the Metro line has surged by 23% over the past decade, nearly twice the pace of suburbs further out.

It’s also attracting a younger, more vibrant demographic that is favouring higher density living and eating out.

“Our data highlights that nearly half of the residents in near-Metro suburbs live in apartments, double the rate of residents in suburbs further out. ​​We also found that 45% of residents in suburbs along the Metro line stations are Gen Z and Gen Y, 5% higher than in suburbs slightly further out. And these near-Metro suburbs have 12 cafes per 10,000 residents, compared to eight for every 10,000 residents in suburbs further away,” Mr Chopra said.

Click here to view and download the report.