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Melbourne investors need to think long-term

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Your Investment Property | 20 Feb 2014, 10:37 AM Agree 0
No one could deny that the Melbourne market had a bumper year in 2013. With a major increase in median prices and big growth, the trajectory of Victoria’s capital city surprised many.
  • VivKay | 21 Feb 2014, 09:58 AM Agree 0
    Melbourne has enough residential land for 25 more years? It's simplistic and naive to think that the area of land 'vacant" justifies all the housing growth. The costs of growth are being ignored. It means adding more concrete and heat to our city, and projecting the human needs of roads, infrastructure, public services such as health care and education - all that are failing to keep abreast! The land that is likely to be consumed could be valuable green wedges, biodiversity rich, food bowls or urban fringe areas that are risky for bushfires. There needs to be more professional planning standards in our cities, and the population growth is not inevitable, but dependant on how we vote in the future.
  • John | 21 Feb 2014, 11:41 AM Agree 0
    Just cramming more and more people into our metropolis is madness. Our Governments should be trying to build more Cities or invest in existing ones like Ballarat and Bendigo and beyond. Country Victoria is dying and Melbourne is going to turn into a hell hole.
  • Bob | 21 Mar 2015, 11:54 PM Agree 0
    The problem is that with little job growth and declining manufacturing, Melbourne has a distinct medium term economic down curve - politicians need quick answers to get reelected, and so presto: migration and new outer suburbs keep the ball just rolling for now. It creates work in finance sector and construction which feed into imports and small scale local production.
    But it's short term - creates greater congestion, overstretching existing infrastructure, and long term social problems by jamming all recent arrivals and low income renters out in peripheral new suburbs together with diminished expectations.

    It's what has been going on in hyper drive since mid 2000's.
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