Melbourne's massive transformation generates property market uncertainty
Astute property investors will be treading carefully when it comes to weighing up the prospects of the dozens of Melbourne suburbs impacted by the state government's massive 'activity centre' housing and planning overhaul.
More than 60 suburbs along Melbourne's public transport routes will be dramatically changed as planning rules are revamped to promote greater urban density and more homes. (Image source: Shutterstock.com)
The Victorian Government’s focus on increasing urban density to address the housing crisis and limit urban sprawl is a worthy pursuit but the potential for negative impacts on local residents and prospective investors is high.
From years of construction to noise to properties cast into shadows in a city that craves any sunlight it can get, to home buyers and investors facing challenging decisions around future prospects for the new dwellings, th…
