THE Victorian Government's policy is to maintain 15 years' supply of residential land. The move to expand the urban growth boundary (UGB) attempts to achieve this and the Housing Industry Association supports the Government in its aims.
But the proposed expansion will not accommodate our state's rapid population growth and growing demand for housing over the long term. HIA research suggests there will be a shortage of up to 50,000 dwellings in 20 years. That can only mean one thing: higher house prices.
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Comment:
Those of us that believe that Coldstream's UGB should be expanded will like this article.
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