Melbourne Bucks Downturn with $2.5bn DA Bonanza

Melbourne is on track to have $2.5 billion in development applications lodged during 2022. It is a massive increase from last year, when 950 planning applications were received for a total worth of $800 million. More than $1.5 billion in state-assessed development projects were proposed for the city and its districts this year while the city is set to assess more than $1 billion in new DAs lodged directly with it. To date more than 600 planning applications worth an …