Land baron gets rich off gullible Victorian taxpayers

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‘Game of Mates’ is clearly running strong within the Victorian Government, with a property developer making huge ‘planning gain’ windfalls at the expense of Victorian taxpayers. From the Herald-Sun:

The delays come as Supreme Court documents reveal another blow for the government over the troubled West Gate project.

Documents obtained by the Herald Sun show property developer CVCV Land Co bought a parcel of land in Altona North for $8,690,000 in 2017.

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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.