Increased Commercial Value

Conservation of heritage properties within the city can lead to increased commercial value to properties and economic benefits to city stakeholders:

Evidence suggests the economic impact of heritage can equate to:

  • increased dollar value per square metre
  • increased investment in property in the area.

Potential for revitalising the long-established urban areas provides spill-over effects to nearby commercial properties throughout the inner city.

Heritage buildings retain and even appreciate in economic value compared to modern buildings.