Despite the crippling economic impacts of the recent coronavirus outbreak and the uncertainty hanging over the nation’s property sector, Melbourne remains the midst of a development boom.
Australia’s fastest-growing city looks set to press ahead with major projects as construction sites across Victoria remain exempt from the stage two business shutdown.
Based on current growth rates, Melbourne is set to overtake Sydney as the nation’s most populous city by 2026, placing growing strains on infrastructure, tenable office space and housing.
Click HERE to read to full article published by The Urban Developer on 26 March 2020.
Disclaimer: This article has been prepared without taking into account your objectives, financial situation or needs and should be regarded as general advice only. Before acting on this advice you should consider whether it is appropriate for your needs and has regard for your own objectives and financial situation. We encourage you to consult a finance professional before acting on any advice provided in this article or found on this website.