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The Albanese government’s fantastical target of building 1.2 million dwellings over five years is centred on delivering a boom in high-rise towers that is even bigger than the one experienced between 2015 and 2020.
The Victorian Allan government has approved new height limits for high-rise development across 25 Melbourne suburbs, allowing developers to begin planning towers of up to 20 storeys within weeks.
This comes despite strong community opposition, including protests, petitions, and more than 12,500 public submissions.
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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.