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Adelaide looks to Melbourne for property inspiration

Transforming disused inner-city buildings to encourage suburban migration worked well in Melbourne - and it looks to be doing for Adelaide, too.

Property developers in Adelaide are looking to revitalise disused inner-city buildings to attract people in from the suburbs as they mimic the trend that was so successful in transforming Melbourne.

News.com.au reported how Asian Pacific Group has started work on a $120 million mixed hotel and residential development on the site of Adelaide's former transport department in Walkerville.

The firm said developers were looking to harness city infrastructure, rather than spread into the suburbs.

Asian Pacific founder David Deague said: "Melbourne was dead 20 years ago and now the city's alive and I see the same happening in Adelaide.''

He said workers in Melbourne typically have two cars and face an hour in traffic every morning.

"It doesn't make sense, so our government's pulled them back into the city,'' he said.

"They get rid of the car, they work in the city, they walk to their workplace, all the cafes are booming."

Posted by Steve Douglas

- property, Melbourne, Adelaide, hotel, development

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