Parramatta Light Rail Stage 2

Written By Peter Ferrier

The NSW Government extending the Parramatta Light Rail from Tramway Avenue to Sydney Olympic Park. If you are affected by this upgrade, you may be entitled to compensation.'

Compensation payable

The Land Acquisition (Just Terms Compensation) Act NSW allows for impacted parties to be compensated. Sovereign Valuations has represented many interested parties with our fees covered by the compensation paid as qualified valuers.

Depending on your circumstances, you may be entitled to market value of the land lost, and any decrease in the value of the rest of your land. If you have a confirmed interest in the land, you are also entitled to compensation to engage a lawyer and may be entitled to other professional fees assuming those costs are reasonably incurred. You may also be entitled to other compensation depending on the circumstances including but not limited to compensation for the decrease in value for the rest of your land, stamp duty, costs for relocation, loss of profits, and special value.

Sovereign Valuations has completed acquisition projects for properties ranging from residential properties through to Sydney CBD mixed use development sites in excess of $300 million value.

The locations of the extension

The new line is planned to run along the existing line from Parramatta to Camellia. The new line will go through:

  • Camellia, with a new bridge across the Parramatta River to Rydalmere, running through Baludarri Wetland and up John Street, before turning right onto South Street.

  • Ermington along South Street through Ken Newman Park, Boronia Street, Hope Street and south through Waratah Street.

  • Wentworth Point along Hill Road and Bennelong Parkway.

  • Sydney Olympic Park along Australia Avenue and Dawn Fraser Avenue before terminating on the other side of Grazier Street on Uhrig Road.

Your next steps

If you are affected by this project, please contact us for an obligation free phone call on 1300 710 000 or alternatively, fill in the form below and we will contact you to discuss how we can assist.

Peter Ferrier

Peter Ferrier AAPI MRICS SA Fin holds over 15 years’ experience in valuations and is regularly engaged for disputed litigation and compulsory acquisition matters. Peter holds expertise across all major asset classes and development feasibilities, having advised on several projects in excess $100 million.

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Mamre Road Upgrade