The light rail project pushed up property values within 800 metres of the stations by over 30% from 1996 to 2016. Gains on this scale offer a potential source of finance for public transport.
Land value gains following the opening of stage one of the Gold Coast light rail project were worth around 25% of its cost.
Not only is council tax on the rise, it's completely out of touch with reality.
It's not a new idea, but one that warrants a fresh look given the property bubbles in Australia and New Zealand.