Australia housing bubble

[roKWiz]

Originally Posted by Franco Cozzo

I'm central Vic - regional fringe of Melbourne.

It's not sustainable development expanding Melbourne further and further out while we all commute by road to Melbourne CBD or Melbourne SE suburbs.

We're expected to eclipse Sydney by 2026 and become Australia largest capital city in population.

I think the only thing saving Sydney from more over development is, it is surrounded by three huge National Parks and the sea. Not to mention topographically it is basically an island, the Nepean River almost meets the Hawkesbury.

[Yellow_Festiva]

Originally Posted by roKWiz

I think the only thing saving Sydney from more over development is, it is surrounded by three huge National Parks and the sea. Not to mention topographically it is basically an island, the Nepean River almost meets the Hawkesbury.

Sydney still has an absolute ton of dirt ripe for development.

They just drag things out with rezoning and make residential lot development financially crippling.



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