For a long time, Sydney has held the title of Australia’s largest city. That’s all about to change.
ABS data shows that Melbourne's population grew by 1,760 people each week during the 2014-15 year. In fact, more people are moving to Victoria, than Queensland!
Such rapid growth is great for the economy [and house prices], however, governments must invest in infrastructure to cope.
The Victorian Andrews Labor government has revealed its plans to support such rapid population growth. The government is targeting long-term liveability, and will invest heavily in education, health and infrastructure
The State Minister for Planning Richard Wynne said, "The Andrews Labor Government has a plan for smart growth. We need to make sure housing is available to everyone, delivering housing options throughout the city with the access to education, health services and the transport people deserve."
The state government is reviewing its 'Plan Melbourne' document, with a view to placing greater emphasis on housing affordability and climate change. Also under review are widely criticised residential zoning policies.
The government is also working on plans for 640 hectares of land within 5 km of the Melbourne CBD, growing the population close to the city centre, rather than contributing to urban sprawl. Plans for the Fisherman’s Bend area are also underway.
The Labor government has released a long-term infrastructure plan, 'Managing Growth', for Melbourne's outer suburbs.
"We are the world's most liveable city," said Wynne. "People are naturally drawn to Melbourne, and we need to plan accordingly."
What this means to you!
With increased numbers, comes increased competition, which can result in increased prices [of course, we’re talking houses here]. That’s why having a Buyers Advocate on your side, can help you purchase your home sooner at the best price on the market. Call us on 1 300 882 842 or 1 300 882 842or make an enquiry with us here.
Additional information from: www.therealestateconversation.com.au.
We come to you whenever, and wherever suits you best. On your lunch break in a cafe, after you have got home and put the kids to bed, or on the weekends. We are happy to make it work for you.
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