The Australian’s finance editor, Scott Wilson, has revealed that the Government is looking at a plan to build 10,000 new houses in Melbourne’s inner west.
He says the Government wants to build a housing market that is competitive with the rest of the country.
“They’re also looking at making a much bigger commitment to the inner city in the next five years, particularly in Melbourne, to help the inner east to build more housing,” he said.
“That’s what we’ve been doing in Sydney and in Brisbane and we want to do it in Melbourne.”
The Government is also looking to make Sydney’s inner suburbs more attractive to investors, Mr Wilson says.
“It’s the one area where we’ve got the best opportunity to make a difference.”
We have a lot of people moving to Sydney, we’ve had more job vacancies than any other city in Australia,” he says.
And that is a problem.
Sydney has a lot going for it in terms of affordability and quality of life.
But the suburbs have also become a dumping ground for housing that has been languishing for decades.
And, of course, the issue of gentrification is a big one.
“But we are talking to developers to see if they have any ideas.””
We’ve been talking about this for years and the Government has made clear that they will not be supporting developers who would develop in the inner-west,” he told ABC News Breakfast.
“But we are talking to developers to see if they have any ideas.”