Easy home renovating, Melbourne population growth @5 Million
July 21, 2010 by Tim
Filed under First Home Buyers, property market, Renovating, tips
I am reading the State government planning department Melbourne@5Million growth plan. Some extracts include” a committment to prepare for the longer-term plans for Melbourne’s with the latest population and eonomic growth forecasts.” Melbourne to reach 5 million by 2020, not 2030 as previously projected. Wow!
Established areas are to take the larger proportion of homes growth. Thus a move to higher density living, with the recommmendation that homes be built on atleast 15 per hectare, compared to 12 prior, being a thirty percent greater home density level.
Projections are for a Melbourne population of 5.6 m by 2036.
This is an extra 1.8 M Melbournians, living in an extra 900,000 homes. This will only be possible with the likely reallocation of Industrial and commercial land to closer housing development, especially at the six designated Central Activity Centres. The Government has a land development company VicUrban, which gets government land cheap or industrial land, then rezones it for housing. Because the Vicurban can gaurantee the rezoning it should be able to earn heaps and pay dividends to the State government.This would be a good company to monitor for home builders/buyers.
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Melbourne apparently, Australia’s boom city, I wonder why ?
the research will all take some time to be done. Could it be the coalescence of several factors , Booming Overseas student numbers, easy work condition s, great employment growth , lifestyle factors and cheap land for homes ?
Today , The Committee for Melbourne at predicting and planning for Melbourne@ 8 Million !