Last night’s Four Corner’s Home Truth’s special report contained the above segment covering Melbourne’s boom in high-rise apartments, which are being kept largely empty by their investor owners.
As shown in the above video, Prosper Australia president, Catherine Cashmore, takes reporter Ben Knight for a tour through largely vacant apartment blocks springing-up across Melbourne’s CBD where, at 8pm on a Tuesday night, the lights are off and nobody’s home.
Former Victorian Premier Jeff Kennett also makes an appearance, slamming the high-rise dog boxes proliferating through Melbourne:
“We are still building units that, to be quite honest, you wouldn’t put your dog in. I mean, some of these one bedroom vertical fridges are appalling. And I couldn’t imagine anything worse”…
“I think we are in for a crunch, there’s no doubt about it”…
Well worth watching and mulling as Melbourne continues to build, and build and build:
