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Marc Pallisco writes about the Australian real estate and property market. For up to date real estate news for residential and commercial issues, check back often or subscribe using our RSS feed to the right.

Major Projects to Proceed in Cranbourne, Melbourne

IT has been a busy period in Melbourne’s outer south-east.

Last week, Planning Minister Justin Madden unveiled a master plan for a new suburb, Cranbourne East, capable of accommodating 20,000 people.

Now, in nearby Cranbourne West, first time developer Wolfdene is readying to start marketing the first blocks within its $56 million Alarah estate, at 660 Hall Road.
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What to do with St Kilda Road…

St Kilda Road will always be remembered as the precinct to pioneer high rise apartment living in this city. Dotted in amongst the retained mansions, and tired old office buildings, are some of the most prominent apartment towers in Melbourne – including the Kingstoun, Yve – and Melburnian.

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Will buyers be forced into apartment living?

Anyone who played (or plays) the computer game Simcity would understand the predicament Melbourne planners are in right now.

On the one hand, Melbourne’s population is growing – with some more ambitious estimates suggesting by 1000 people a week. New residents are coming from interstate (particularly Sydney and Brisbane) and overseas (New Zealand, United Kingdom). Many new residents are professional, high income earning professionals who may see Melbourne’s real estate market as relatively affordable.

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