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State of Markets - VIC January 2013

By Staff Reporter

Essential information, plus expert insight on what is shaping the national property market...

VICTORIA

Melbourne’s planning up for comment
The next phase of Victoria’s metropolitan planning scheme is up for comment, allowing investors to have their say on the future of the state’s capital.

The Metropolitan Planning Strategy saw a paper launched on Friday by planning minister, Matthew Guy, which seeks community consultation.

"In getting on with developing a new metropolitan planning strategy, which will guide the growth of Melbourne over the next 40 years, there must be significant community consultation,” said Mr Guy.

"Melbourne has a history of integrated long-term strategic planning, starting with the Hoddle Grid well over 150 years ago.

"It is time to build on this foundation and engage with the community about how to shape a strategy that is visible, tangible and meets short, medium and long-term goals.”

Multi-million redevelopment for Melbourne suburb
More than $3 million worth of infrastructure has been announced this week for one state to help attract more jobs and revitalise communities across the board.

Planning minister Matthew Guy, noted that a number of councils in both metropolitan and regional areas of Victoria would benefit from grants under this first round of funding from the Community Works Program.

The works will include everything from new playgrounds and footpaths up to new town centre improvements.

“Delivering local infrastructure projects that communities want and need is an important part of planning vibrant suburbs, towns and regional centres,” Mr Guy said.

“As a result of the Community Works Program we will see the development of public spaces that are attractive and accessible, as well as pedestrian friendly, while encouraging local investment and creating jobs.”

This represents a combined investment of more than $10 million in local communities across the state.

Overall, the project has had $6.9 million worth of committed funds that will be rolled out over a number of stages.

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Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%