REA models Langwarrin house at $1.503m by 2036, no station

The same piece says a $225 million commitment, tied to a new Langwarrin station and electrifying the Frankston-Baxter line, was pulled in 2023. It describes the project as costing about $1.5 billion and says there is no funded plan to bring a station back. The article body does not name who withdrew the money.

Neighbouring suburbs are also modelled higher. Frankston North is projected to go from $642,000 to $1.067 million, and Baxter from $754,000 to $1.225 million.

Mark Burke, an agent at OBrien Real Estate Frankston, told the outlet that Frankston North is drawing doctors, nurses, tradies and young families, with three-bedroom houses on about 600 sqm still around $650,000. Madeleine Roberts, who runs MR Advocacy and owns in Frankston North, said public transport has not kept pace with housing growth, and did not expect a new station to lift prices immediately.

RMIT urban policy professor Jago Dodson said governments let housing grow without rail and households became car dependent. He called extending the network “a relatively easy win” to Baxter, and said Melbourne needs a metropolitan transport plan that ranks projects by need and benefit rather than election promises.

The outlet also describes the electrification project as now scrapped. Burke said Frankston North has changed, and the modelling puts it among the suburbs that could join the million-dollar club. Dodson’s argument is that electrifying the line to Baxter would be an easy way to give growing outer suburbs rail.

The numbers

• Langwarrin typical house now: $875,000
• Langwarrin modelled 2036: $1.503 million (uplift $628,000)
• Frankston North: $642,000 to $1.067 million
• Baxter: $754,000 to $1.225 million
• Rail commitment withdrawn in 2023: $225 million, against an estimated $1.5 billion project

What’s next

Related: State sends Geelong’s Creamery Road plan back.

The outlet reports no funded plan to restore a Langwarrin station. The prices above are REA Group modelling.

Figures and positions above are as reported by realestate.com.au.