Victoria’s premier unveils new housing targets for construction of 2.5m new homes by 2051

If inner and middle Melbourne suburbs reached the proposed targets, many LGAs would ‘double their number of new dwellings’, Jacinta Allan said.If inner and middle Melbourne suburbs reached the proposed targets, many LGAs would ‘double their number of new dwellings’, Jacinta Allan said.Melbourne’s CBD, the outer suburbs and the regional city of Geelong will shoulder the burden of new housing in Victoria, according to draft council targets set to be released by the state government.

The council, which takes in Melton and Melton South as well as Caroline Springs, Diggers Rest and Truganina among others, had about 69,000 homes in 2013 but data from the Australian Bureau of Statistics shows it is among the fastest growing municipalities in the nation, with an annual population growth of 6.6%.

The government has emphasised that more homes are needed in established suburbs. They have set a proposed target of 72,000 new homes in Darebin and Merri-bek, in the inner north, and Monash, in the south-east. The new local government targets will instead form a part of Plan Victoria, a new strategy that will supersede Plan Melbourne.

Source: Real Estate Daily Report (realestatedailyreport.net)

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