The quality of living standards in Victoria is an important issue for the community. With the population of Greater Melbourne predicted to grow to 8 million by 2051, a further 2.2 million dwellings are expected to be required1, a significant portion of which will be apartments. Victoria needs to embrace the population growth and implement sensible and sustainable policies that will enhance the liveability of Melbourne without worsening our housing affordability crisis.
Residential building approvals in regional Victoria..
It appears a lack of affordable housing in Melbourne is the key driver for venturing to regional Victoria seek more affordable.
Apartments and units driving decline in housing approvals..
The latest building approvals data for Victoria has been released, showing an overall decline in approvals, with apartments/units.