[Melbourne] Outer suburbs - $10,000 price fall predicted
Mar 4th 2008, 6:44 pm
#1
Thread Starter
Joined: Feb 2002
Posts: 721
[Melbourne] Outer suburbs - $10,000 price fall predicted
Could be some good news for a change for those of you looking at buying in the outer suburbs.
http://www.theage.com.au/news/nation...402455750.html
"Under Mr Brumby's plan, farmland in five growth zones around Melbourne will be freed up for residential development. The areas are Wyndham and Melton/Caroline Springs in the west, Hume in the north, Whittlesea in the north-east and Casey/Cardinia in the east."
"an average house-and-land package in the five growth regions cost about $250,000 to $300,000, and the Government's scheme to free up more land and reduce development red tape should cut costs by between $5000 and $10,000."
http://www.theage.com.au/news/nation...402455750.html
"Under Mr Brumby's plan, farmland in five growth zones around Melbourne will be freed up for residential development. The areas are Wyndham and Melton/Caroline Springs in the west, Hume in the north, Whittlesea in the north-east and Casey/Cardinia in the east."
"an average house-and-land package in the five growth regions cost about $250,000 to $300,000, and the Government's scheme to free up more land and reduce development red tape should cut costs by between $5000 and $10,000."
Mar 4th 2008, 7:15 pm
#2
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Joined: Sep 2007
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Posts: 1,311
Re: [Melbourne] Outer suburbs - $10,000 price fall predicted
Sounds good!! Hopefully Mr Baillieu is wrong!!! 
Mar 5th 2008, 12:13 am
#3
Thread Starter
Joined: Feb 2002
Posts: 721
Re: [Melbourne] Outer suburbs - $10,000 price fall predicted
Certainly good points there in the Baillieu opposition response...
http://www.abc.net.au/news/stories/2...04/2179564.htm
especially....
The Chief Executive of Victorian Council of Social Services Cath Smith says cheap land doesn't necessarily create affordable housing and the government must take a holistic approach.
She says people are moving to the outskirts of Melbourne where they are forced to take long drives to shops and schools due to poor access to public transport.
"You get a dwelling you can afford to rent and a big petrol bill," she said.
"The government needs to ensure the developers provide affordable housing on these parcels of land and that means building smaller homes and ensuring rentals properties are available."
http://www.abc.net.au/news/stories/2...04/2179564.htm
especially....
The Chief Executive of Victorian Council of Social Services Cath Smith says cheap land doesn't necessarily create affordable housing and the government must take a holistic approach.
She says people are moving to the outskirts of Melbourne where they are forced to take long drives to shops and schools due to poor access to public transport.
"You get a dwelling you can afford to rent and a big petrol bill," she said.
"The government needs to ensure the developers provide affordable housing on these parcels of land and that means building smaller homes and ensuring rentals properties are available."
Mar 5th 2008, 12:29 am
#4
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Joined: Apr 2004
Posts: 10,375
Re: [Melbourne] Outer suburbs - $10,000 price fall predicted
Could be some good news for a change for those of you looking at buying in the outer suburbs.
http://www.theage.com.au/news/nation...402455750.html
"Under Mr Brumby's plan, farmland in five growth zones around Melbourne will be freed up for residential development. The areas are Wyndham and Melton/Caroline Springs in the west, Hume in the north, Whittlesea in the north-east and Casey/Cardinia in the east."
"an average house-and-land package in the five growth regions cost about $250,000 to $300,000, and the Government's scheme to free up more land and reduce development red tape should cut costs by between $5000 and $10,000."
http://www.theage.com.au/news/nation...402455750.html
"Under Mr Brumby's plan, farmland in five growth zones around Melbourne will be freed up for residential development. The areas are Wyndham and Melton/Caroline Springs in the west, Hume in the north, Whittlesea in the north-east and Casey/Cardinia in the east."
"an average house-and-land package in the five growth regions cost about $250,000 to $300,000, and the Government's scheme to free up more land and reduce development red tape should cut costs by between $5000 and $10,000."
