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They said Australia’s policies, or lack thereof, prevent the necessary action to not only address cities’ contribution to climate change, but also to protect cities from its impacts. As one urban planner told us, “there’s just no appetite for it” in federal government.
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Apartment building in Melbourne is set to plummet, with a respected property research company tipping the number of units completed across Victoria will plunge from more than 16,000 this year to just 800 in 2024.
With lead-in times for a large apartment complex of up to five years, Charter Keck Cramer forecasts that in 2024, Victoria will build just 4 per cent of the number of apartments completed at the sectorâs 2016 peak, when 19,400 apartments were built.
The Urban Development Institute of Australia says the present glut of apartments in central Melbourne, a result of the COVID crisis, looks set to turn to an acute city-wide shortage in the coming years, in an unexpected knock-on effect of the pandemic, costing jobs and making the cityâs housing supply problem worse.