The long-standing public acquisition overlay leaving Australian property owners in limbo during the housing crisis

  • 📰 abcnews
  • ⏱ Reading Time:
  • 22 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 83%

Punt Road News

Public Acquisition,Public Acquisition Overlay,Victorian Government

Michelle McClurg has been wondering for over 15 years if the government was going to knock down her house due to the public acquisition overlay on the area.

Melbourne dog trainer Michelle McClurg was excited when she purchased her Punt Road home in 2007."The location is like nothing else. It's so central," Ms McClurg told 7.30.

The government envisaged a need to widen Punt Road, but 70 years on the busy arterial remains untouched and no project is on the horizon. Dr March says governments must weigh up the public good of an infrastructure project and the individual's rights. The business is located on one of hundreds of properties acquired by the South Australian government for the final stretch of the 78km North-South Corridor freeway.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australian Women in Music Awards shine a light on women in the Australian music industryWith an aim to advance equality in the music industry, winners at this year's Australian Women in Music Awards have been celebrated in Brisbane.
Source: abcnews - 🏆 5. / 83 Read more »