Australian cities are good at growing—for decades their states have relied on it. The need to house more people is used to justify expansion out and up, but it is the rates, taxes and duties that flow from land transfers and construction that drive the endless development of Melbourne and Sydney in particular. Property development is the single largest contributor to Victorian and New South Wales government revenues.
Click here for original story, The case for degrowth: Stop the endless expansion and work with what our cities already have
Source: Phys.org