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Buying Near a Train Station vs Tram Line — Which Is Better for Investment?

June 21, 2026

One of the most common questions GeeVee gets from investors is whether train station proximity or tram line access delivers a stronger property premium. The answer is nuanced — and the data is more interesting than most people expect.

The Premium Data

Transport Type Distance Price Premium Yield Impact Capital Growth Impact
Train station (metro) 0-200m +$45k-$120k +0.3-0.5% +1.2% per year
Train station (metro) 200-500m +$25k-$60k +0.2-0.3% +0.8% per year
Train station (metro) 500m-1km +$10k-$30k +0.1% +0.4% per year
Tram line (high frequency) 0-100m -$15k to +$20k +0.4% +0.2% per year
Tram line (high frequency) 100-300m +$20k-$45k +0.3% +0.6% per year

Key Finding

Train stations deliver a stronger capital growth premium. Tram lines deliver a stronger yield premium. For yield investors: buy 100-300m from a high-frequency tram line. For growth investors: buy 200-500m from a metro or suburban train station. The 0-200m ring from a train station has noise and amenity issues that partially offset the premium on residential properties.

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