Will A Second Airport Benefit Sydney?

The development of a new airport in Sydney’s west is not going to cause a dramatic shift in passengers from the Kingsford – Smith airport according to Deutsche Bank analyst Cameron McDonald. He believes that data from the London airports hold the key, as Heathrow has sustained their passenger growth despite the operations of secondary airports located in Gatwick and Stansted.

In Melbourne, the Avalon airport only holds 1.5% of the seats in the larger Tullamarine airport. Major airlines, such as Qantas and Virgin Australia have already expressed support for the airport proposed in Badgerys Creek. The construction of the new airport will also include a $3 billion road package for Western Sydney. The Sydney Airport has the first right of refusal for the development of the $2.5 billion second airport upon the announcement of the Federal Government last Tuesday.

Read more about this on the Sydney Morning Herald website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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