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.
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