Australians think it is the best time to buy a house since March 2015, led by NSW residents who seem increasingly keen to take advantage of falling prices, according to Westpac economists. Key points: Nearly 12pc more people think now is a good time to buy a house Despite this, the ‘time to buy a…
Firstly, we pointed out that in Melbourne, the 5–10% drop we’ve seen so far followed a growth cycle that added 60–100% to property values overall. Many Australians owned property for the entire duration of this cycle and therefore have enjoyed the full benefit. Next, we addressed the sensational and erroneous theory being bandied about by some…
Melbourne has an integrated transport system that connects people to jobs and services and goods to market Melbourne’s transport system needs the capacity to cope with an additional 10.4 million trips26 a day by 2050—up from the current figure of 12.5 million trips a day. To achieve that, Melbourne needs a huge, well planned investment…
In case you missed it: when Melbourne Airport held its stakeholder event for 2018 earlier in October, not only did it outline its future vision for its terminals, but it also provided a lot more context to the AirRail Melbourne proposal. 37 million passengers passed through the airport’s terminals in the most recent financial…
The first in a fleet of 65 new High Capacity Metro Trains (HCMTs) will begin testing on the mainlines before their progressive roll out on the Pakenham and Cranbourne lines in 2019. The seven-car, 160 metre long trains undergo final assembly at the Newport workshops with the main body of each carriage manufactured by CRRC…
The ALP announced that Pakenham will see a lot of level crossing removal love if the Andrews Government are re-elected with 4 level crossings set to be removed through a combination of elevated railway and a new road bridge. Cardinia Road to the east of Pakenham’s main centre will ‘likely’ see a road…