Victorian Government hands reins to developers

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Under the cover of COVID and the AFL Grand Final, the Victorian Government fast tracked a swathe of developments to spur its sagging property ponzi economy:

Planning Minister Richard Wynne has fast-tracked $625 million worth of developments…

Announcing the approvals on AFL grand final day, Mr Wynne said the government had now approved $7.5 billion worth of projects since March, having identified Victoria’s building and construction sector as key to revitalising the state’s economy…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.