Feb 25 β€’ 06:12 UTC πŸ‡¦πŸ‡Ί Australia ABC News AU

Opposition to expand Melbourne CBD in bid to boost home ownership

The Victorian opposition plans to expand Melbourne's CBD and promote residential living as part of a strategy to improve home ownership ahead of the state election.

The Victorian opposition has announced a bold plan to enhance residential living in Melbourne's Central Business District (CBD) as part of their campaign in the upcoming state election. Party leader Jess Wilson highlighted the strong demand for inner urban living among various demographics, including young professionals and downsizers, indicating that the supply of housing has not kept pace with this demand. This strategy emerged during the Future Victoria Summit, where the opposition underscored the need to rejuvenate and expand the CBD to transform it into a more desirable living and working environment.

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