Four of the 10 suburbs where the Victorian government wants to rapidly increase housing density have not had a major apartment project built in the past five years, as developers warn that overhauling planning powers alone won’t be enough to fix the state’s housing crisis.
Gus McCubbing is a markets reporter in the Melbourne newsroom. He was previously the Australian Financial Review’s Victorian political correspondent. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com