Melbourne is gearing up for a period of intense development and improvements with the advent of Plan Melbourne, a strategy outlining the city's growth until the year 2050.
This will be of relevance to those looking at buying property in Melbourne, perhaps searching for a Carlton property or Coburg real estate. Development of the city may spell an increase in value for many homes.
To overlook a pipeline of urban renewal projects that will accommodate growth in defined areas, while protecting the suburbs, the Metropolitan Planning Authority has been established. This authority will make sure that future urban renewal projects for the city will be for the benefit of all dwelling in Melbourne.
"The Metropolitan Planning Authority will be charged with working with Councils, landowners and other stakeholders in delivering many of the initiatives of Plan Melbourne as well as the structure planning of a number of new precincts," said Minister for Planning Matthew Guy.
"It is likely that in several precincts nominated for urban renewal I will ask the Metropolitan Planning Authority to work directly with Councils to ensure the decision making process is removed from politics and that the community and development sector have a clear understanding of likely outcomes."
That means those shopping for a Melbourne residence can rest assured their lifestyles will not be disturbed.