Real Estate News

City Road Southbank Master Plan

The City of Melbourne is leading the development of a draft City Road Master Plan that aims to better balance the road’s two key roles as both an important transport link and a people friendly place.

The focus of the master plan will be to explore improvements to pedestrian experience, cycling access, transport movement, improve street character and quality, tree planting, … more »

Arts Centre Melbourne Reveals Grand Plan for Southbank

To celebrate its 30th birthday, the Arts Centre Melbourne has released its ambitious plan for a dramatic makeover of its St Kilda Rd and Southbank Blvd boundaries. It includes a hotel, restaurants and commercial outlets, a pedestrian boulevard, a new theatre, central ticketing office, plaza and gallery.

The proposed plan has been officially handed over to government which has so far … more »

Employment Growth Focused on City Centre

MELBOURNE’S CBD and surrounds has become the Vicotiran economy’s engine room. The city’s changing employment mix away from manufacturing (largely based outside city centres) towards knowledge industry sectors such as financial and business services (traditionally based in the inner city) has meant an increase in jobs in the inner city.

A recently released report points out that over 60% of new … more »

Changing Demographics Drives Demand for Apartments

Released in December 2014, Victorian Government document “Plan Melbourne” sets out the current government’s vision to guide the city’s growth to 2050. The ambitious plan states that 2/3 of all new housing created to the year 2050 will be apartments.

In a continuation of current trends, the government expects a decrease in the numbers of households with families and children and … more »

Melbourne City Centre Continues Strong Population Growth

The number of residents living in the CBD, Southbank, Docklands, St Kilda Rd precinct, West Melbourne, Carlton and surrounding areas continues to rise as more and more Melbournians opt for inner-city apartment living. After record population growth in the year to June 2013 (23%)  the strong growth has continued into 2015 with the addition of thousands of new residents.

People from … more »