Victorian government fails housing math 101

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Multiple Victorian government releases have explicitly described the Suburban Rail Loop (SRL) as “Australia’s largest housing and transport project”, because the rail line is expected to result in a massive housing‑led urban redevelopment program.

The Victorian Government states that the SRL will “build 70,000 homes around six new stations” in the SRL East corridor.

Additional stages (SRL North and SRL West) are expected to support tens of thousands more dwellings, though numbers are not yet finalised.

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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.