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property developer takeover

The Melbourne CBD Is Over-run

Larry Schlesinger, in the Financial Review (May 26, 2020) wrote a article entitled “Rental market rocked by insane student exodus.” It pertained to the “grave” concerns that a clique of high-profile property developers in Melbourne have with the cessation of massive international student migration, due to COVID 19. Property sector denizens mentioned in it were, third on the Fin Review’s “Young Rich List”, Tim Gurner; Caroline Viney, previously of Grocon, currently the chief development officer of Vicinity Centres; and Shane Quinn, a partner with the commercial property group, Quintessential Equity. The Lord Mayor of Melbourne, Sally Capp, who was until recently the Victorian Executive Direct for the Property Council of Australia, added her angst.

Property Council's Sally Capp & conflict of interest if Lord Mayor of Melbourne

Today Mary Drost, of Planning Backlash, went to a Forum in South Yarra to meet the 14 candidates for Lord Mayor of Melbourne. She says, "We need a good Lord Mayor and not one who will overdevelop and wreck our city even more. These last few years have been terrible. Go and take a look. If you use a search engine to check the population of cities in North America and Western Europe, you will find that Melbourne and Sydney are bigger than all cities except New York, Toronto, London, Paris and Berlin, and add Singapore as that is first world also. We are increasing much too fast - it is wrong."

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