Melbourne Housing growth boom Why?

Melbourne is growing at 1700 persons a week; terrific growth, but Why ?
Well who knows!

I suggest the great rate of employment growth in commission only jobs, like salesmen, could be a factor, overseas students studying and working part time, and a flow on effect from the financial crisis being interstate migrants. The cheaper new home and land packages in Melbourne are certainly one factor. The Victorian government is  belatedly responding, releasing more allotments for land development. Currently, the allotments are at a 5 year low of  only 1126 available, {April  2010}. The Victorian government has realloted vacant land which will allow 284,000 blocks for the home market over the next 20 years. These are in  Casey council at Cranbourne East, 150,000, Northern Suburbs past Broadmeadows, 59,000 and some 57,000 for the West in councils, Wyndhamvale West, Melton and Point Cook. I think the government is starting to take notice, as they have announced some six new rail stations to be built at Caroline Springs, Lynbrook, Point Cook,  Williams Landing, Pakenham West, Officer and Wyndham Vale.
Its all part of the Plan. I suggest for readers seeking more detail read Melbourne @5 million. Its the update of the Melbourne 2030 Report.
In order to download your free book chapter.
1   Head to the top of the page, right side.

2   Enter your name and email

3   Click on “Send me the Free ebook”
4   Return to your email and download your free ebook.