Melbourne’s second speed economy

Melbourne’s second speed economy

by Robert Birrell

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Could Melbourne be left behind as the resource rich states of Western Australia and Queensland siphon off capital and manpower? So far it has not happened. Melbourne has ridden on the back of a property and associated construction and business services boom. The Victorian Government has successfully pursued policies of high population growth and cheap land and housing in order to keep the boom going. The report questions whether these policies will continue to work.

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