Melbourne’s Most Reinvented Suburbs
ONE has to wonder what “great Australian dream” some Melburnians were being sold last century.
Until recently – the 1980s and 1990s for most inner-city areas – owning an inner-city terrace was not necessarily a big deal. More often than not, according to veteran agents, they were used as “stepping stone” investments that could be paid off in a few years and sold on the basis of being “more attractive than renting”.
Buyers – particularly immigrants from Italy and Greece – bought in Richmond, North Fitzroy or Northcote, in order to save a deposit to build new, larger homes in Avondale Heights, Glenroy or – if they invested well – Doncaster.
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NEW plans are in the works to redevelop the Box Hill car park which four years ago was earmarked to become suburban Melbourne’s tallest skyscraper.
THE Office of Housing has paid close to $4 million for a disused aged care facility in Box Hill.
A MAJOR development site offloaded by the State Government six years ago for $2.8 million, has hit the market again, and is expected to sell for almost twice that amount.
RESIDENTS in Melbourne’s ritzy east are increasingly voting to remove the “dry zone” restrictions around their streets, in what could result in the government and council putting forward a ballot, to remove these zones altogether. 
BOX Hill will be identifiable from almost all of Melbourne, after the Victorian Planning Minster Justin Madden “called in” a controversial 38-level tower, behind the Box Hill train station.