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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