Austin airport proposes new plan to nearly double in size

https://www.fox7austin.com/news/austin-bergstrom-airport-expansion-plan

Real Estate Broker · Austin, TX · Member since 2015 · 715 posts · 527 votes

Much needed relief ...

Austin-Bergstrom International Airport is rolling out a new multimillion dollar expansion plan, the largest expansion in its history.

AUS is poised to nearly double in size with the expansion, which is part of the Journey with AUS program.

AUS has seen an increase in passengers, with more than 20 million travelers walking through its doors every year since 2022, says the airport. The Journey with AUS program aims to accommodate those millions of flyers as the numbers increase.

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John Mason
Member since 2024 · 1k+ posts · 351 votes
1y
Neil cool and what do you expect the effect for real estate investors in this market? Go LTR or MTR?
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Neil Narayan
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Real Estate Broker · Austin, TX · Member since 2015 · 715 posts · 527 votes
1y
I personally like to have a mix of STR and LTR so that my portfolio is well diversified but my preference is LTR as I tend to focus more on appreciation than cash flow. I believe that this aligns well with the long term growth of Austin. I have not tried MTR as I have not seen the need to but it works well for some people based what I have seen on BP.
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Brandon RizzoPro Member
Real Estate Consultant · Austin, TX · Member since 2024 · 53 posts · 8 votes
1y
IMO: Austin is in a buy and hold status. Cash flow is hard right now for people entering the market, but Austin will remain a great long term investment. Ahead of schedule on inventory, short term pain for long term gain. Rest of country undersupplied, Austin is oversupplied. Time will tell especially as these large companies settle their operations here.

WDYT about that @Neil Narayan?
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Neil Narayan
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Real Estate Broker · Austin, TX · Member since 2015 · 715 posts · 527 votes
1y
I agree with @Brandon Rizzo I think the supply will normalize as the migration to Texas has not slowed down and as builders make correction to a more balanced supply and demand (along with interest rate improvement) housing market will be better. Long term I am very bullish on Austin due to the net migration and the number of businesses investing here.
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Jordan MoorheadBusiness Member
Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
1y
About time! They should have started this project 5 years ago!
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Neil Narayan
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Real Estate Broker · Austin, TX · Member since 2015 · 715 posts · 527 votes
1y
100% agree! I was at the airport yesterday and even with clear and pre-TSA the lines are atrocious.
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