Melbourne’s vertical expansion and the political economies of high-rise residential development (Record no. 11581)

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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Nethercote, Megan
245 ## - TITLE STATEMENT
Title Melbourne’s vertical expansion and the political economies of high-rise residential development
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Name of publisher, distributor, etc Sage,
Date of publication, distribution, etc 2019.
300 ## - PHYSICAL DESCRIPTION
Pages Vol 56, Issue 16, 2019,(3394-3414 p.)
520 ## - SUMMARY, ETC.
Summary, etc This article advances understandings of Melbourne’s dramatic vertical expansion over the last decade by attending to the political economies of its high-rise housing development. Melbourne’s major high-rise development in the wake of the financial crisis represents a radical yet poorly understood departure from the city’s traditional patterns of suburban development. This article applies an existing conceptual framework for residential vertical urbanisation informed by heterodox political economy and critical geography. Drawing on secondary sources supplemented by supply-side stakeholder perspectives, the analysis shows how Melbourne’s high-rise development assisted in syphoning significant investor capital into the city. This not only expanded the local housing stock but, in the immediate aftermath of the financial crisis and later, amid ongoing economic uncertainty, Melbourne’s high-rise construction served both economic and geopolitical/symbolic functions in the city’s ongoing inter-urban competition for hyper mobile flows of capital and highly-skilled workers. Large apartment projects fuelled the Victorian economy and filled state coffers through property-related revenue. Meanwhile, the city’s dramatic vertical expansion helped project a powerful image of Melbourne around the world. Its crane-filled skyline heralded a thriving economy, and its new thicket of towers rendered a striking impression of urbane high-density living. Together these representations helped promote Melbourne as a vibrant, desirable place to live, work, and invest. Looking beyond the planning failures and planning politics identified in planners’ critiques of Melbourne’s vertical expansion, this article showcases the state’s considerable stakes in this development, and its role in smoothing the way for this expansion to occur.
650 ## - Subject
Subject apartments, condominiums, high-rise, housing, political economy, vertical urbanisation关
773 0# - HOST ITEM ENTRY
Host Biblionumber 11188
Host Itemnumber 15499
Place, publisher, and date of publication sage, 2019.
Title Urban studies
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Uniform Resource Identifier https://doi.org/10.1177/0042098018817225
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Koha item type Articles
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-- 45527
650 ## - Subject
-- 38068
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