Some commentators have recently contended that the metropolitan blueprint, Melbourne 2030, has little chance of succeeding, in large part due to low demand for higher density living in suburban activity centres. Alex Hrelja, SGS Director, suggests the opposite is in fact true: that there is a market in the suburbs and it's growing.
"...What level of suburban apartment demand does the research suggest? Market research carried out by SGS Economics and Planning has shown that, in general terms, about 16% of the existing renter households and 3% of the existing owner-occupier households in a typical outer suburban region are keen on an activity centre apartment product, looking forward over ten-years..."
Read the full article in pdf format (also reproduced in Planning News April 2005)