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Development set to revitalise suburb in Victoria

A development project in Victoria is expected to give a boost to its suburb of Ringwood.

A development project and infrastructure upgrade is set to transform the suburb of Ringwood in Victoria.

The expansion of the Eastland Shopping Centre is set to see 150 new stores built, while the development of a department store is expected to revitalise Ringwood.

This comes alongside plans to boost transport links within the suburb in a bid to aid the local economy.

Premier of Victoria Denis Napthine said: "The expansion of Eastland Shopping Centre will work hand-in-hand with the Victorian Coalition Government’s $66 million upgrade of the Ringwood Train and Bus station to completely renew Ringwood’s city centre and generate an enormous boost for the Eastern Suburbs."

This comes alongside a number of plans to improve infrastructure within Australia, with Melbourne having seen a lot of investment go into this.

Experts say that, in the future, property investors will be looking to buy in areas where infrastructure projects are taking place.

Posted by Craig Francis

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