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The latest Roy Morgan survey of CBD people movements shows that activity across Melbourne’s and Sydney’s CBDs remains less than one-third of ‘normal’ pre-COVID levels despite both cities reopening:
In desperation, the Property Council has launched a plan to bring people back to the CBDs:
The plan identifies nine key areas to supercharge the city, including a new $50 million fund, the return of public servants to offices three days a week and free public transport for three months plus further concessions next year…
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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.
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