The front cover of today's Herald Sun has a huge photo of Horse Stud owner Steve Spiteri (looking hard done by!) with a caption: 'Thanks Premier: Steve Hits Paydirt'. Yesterday's announcement to rezone all land residential within Melbourne's 2030 boundary has made...
BLOG: land banking
Brumby sprawls on affordability
Prosper Australia today applauded the State Government’s announcement for taking housing affordability more seriously. However, questions must be asked about who benefits most from this announcement. “Today’s declaration of residential zoning has made Victoria’s land...
Land Supply controlled by Land Bankers
Below we can see 2 examples of former Commonwealth land being released 'to the market'. Snapped up by a developer in Melbourne's most impoverished neighbourhood (Braybrook), such large 'land banks' are manipulated to drip feed houses to the markets so that high prices...