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by zik
3877 days ago
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Melbourne's possibly a bad example. Instead of keeping housing prices down Melbourne has some of the highest housing costs in the world. The new apartments are poorly made and often don't even meet building regulations. The lack of social infrastructure such as shops etc. is so bad that it's cited worldwide as an example of how to do it wrong. And half of the apartments are empty, sold to overseas investors who bought them for capital increase and who have left them unoccupied. Basically it's a complete planning disaster. Let's hope the Mountain View development is better planned than that. |
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