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The Guardian - AU
The Guardian - AU
National
Adeshola Ore

Concerns for businesses despite expected rise in Melbourne CBD’s population

Melbourne CBD Sally Capp Property Council of Australia
Pedestrians near Melbourne's Flinders Street Station.
The City of Melbourne expects an increase in ‘CBD activity and visitation’ over the next year. Photograph: Darrian Traynor/Getty Images

Melbourne’s CBD population – and the number of parking tickets – is set to boom under projections by the city’s council, but the peak property industry group has warned that more needs to be done to get people back into offices.

The City of Melbourne’s draft 2022-23 budget papers, handed down on Tuesday, reveal expected revenue is forecast to increase by 13% to $538.7m, but the number of businesses operating in the CBD is projected to fall by more than 10%.

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