Victoria’s urban growth suburbs rise more than 40pc

Original article by Nick Lenaghan
The Australian Financial Review – Page: Online : 7-Sep-18

Municipalities in Melbourne’s south-east and south-west "growth corridors" have seen the biggest increase in land values following the latest municipal revaluations in Victoria. Land values in Frankston rose by 42 per cent, while values in Casey and Wyndham rose by close to 40 per cent. Factors that pushed up values in "growth corridors" included proximity to schools and first-home buyer incentives. The date used for the revaluation was 1 January, with the total value of all land in Victoria – residential, industrial, commercial and rural – increasing from $1.88 trillion to $2.3 trillion.

CORPORATES
LAND VICTORIA

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