Monday, December 06, 2010

Land prices shatter mortgage belt dreams

Simon Johanson   December 6, 2010  THE AGE

To read the full story click on the TITLE above.

'By the time the Growth Areas Authority and everybody else has a say, including councils … it takes up to four years and sometimes five years to get the thing [land] on the market.'' 

Victoria's new Planning Minister, Matthew Guy, is similarly critical of the perceived impact of the urban growth boundary on land values.

''Constricting supply at a time of great demand has an obvious price impact. That is the case in every city around the world and I fail to see how Melbourne could be any different,'' he says.


No comments: