Melbourne’s ‘brand’ is the biggest barrier to housing development in Victoria, says developer Tim Gurner

Property developer Tim Gurner says the Victorian Government’s stamp duty cut is a good start to getting the property market moving again, but warned the effort is doomed to fail unless Melbourne’s reputation as a safe place to invest is restored after years of it was subject to blockages, high taxes and debts.

“There is a strong view in other states that Victoria is broke, it’s cold and property prices aren’t rising,” Mr Gurner said. Australian Financial Review.

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