Melbourne’s growth in the home renovating market.

I am referring to figures from the AFR. Where they are advising me that Melbourne has grown at a rate of 369,534 people in the five years  time from 2004 to 2009. The predictions are for an extra one million Melbourne’s residents by 2030 and around, an extra 1.8 million by 2036 . Why ?
I speculate its the strong employment growth in Melbourne, cheaper land, plus strong immigration and strong net interstate immigration. Plus a much more efficient application of the First Home Buyers Grant in Victoria. While one can drone on about Worlds Most Live-able City factors, like culture, the Arts, Concerts, restaurants, great beaches, sports events and facilities, even reasonable transport : The big factor is undoubtedly, employment growth: Where Victoria  (up 4%) is double that of NSW, rocketing ahead of particularly NSW. The in depth analysis will take a year or so to be released.

I quote Harley Dale from the HIA, “Victoria is the strongest home building state in the country.” It has the best NEW home affordability in ratio to existing property of any major state.
Reading Planning Minister Maddern, Victoria needs 600,000 new homes over the next 30 years : as Melbourne is growing at 1,900 persons a week or 100,000 a year. In his latest comments via the Melbourne@5 Million plan. Maddern sets out six  key “Central Activity Districts, being Box Hill, Broadmeadows, Dandenong, Frankston, Footscray, and Ringwood. This is to take the growth pressure off  the central city district.

For your copy of the free ebook 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

Be Sociable, Share!

•