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Amateur investors like Sue have made huge returns in a 'bizarre' market that's left the professionals perplexed.Behind New Zealand's clean, green image is a dirty reality.CMO says no evidence vaccine causes blood clots.Germany, Italy, France and Spain suspend AstraZeneca vaccine rollout amid blood clot concerns.'If you're offered it, take it': Government backs AstraZeneca despite blood clot concerns.'Total deviousness': Witnesses recount 'suspicious' inferno in the Luna Park Ghost Train.Firms locate where they want to be for commercial reasons - governments can't choose." "Governments don't have that much control over where the jobs are. "Three quarters of jobs in Melbourne are highly dispersed - they're in shops, small offices, schools, construction sites and so on … they're not in employment centres," she says. And that percentage share hasn't changed much in five years, despite the skyrocketing population growth. In Melbourne, just 15.5 per cent of jobs are in the CBD, Southbank and Docklands. Ms Terrill says, despite what people may think, most of the jobs aren't in the traditional CBD either. "And it's been decades that governments have been trying to promote the growth of Parramatta." So it's just keeping pace - it's not growing. "And that's exactly the same proportion that it had five years ago. "Parramatta only has 2.3 per cent of jobs," Ms Terrill says. Parramatta has been developing as a CBD since the 70s - around the time the Australian Tax Office was relocated there.īut Marion Terrill, from the Grattan Institute, points to the harbour city as proof that planned alternative CBDs actually don't work. There are plans to add a high-rise tower to the Parramatta CBD in Sydney's west. The idea is to make jobs more accessible to people, as Melbourne sprawls further and further away from the traditional CBD. The Victorian Planning Authority is working towards having seven of these mini-CBDs across Melbourne, around Monash University, Parkville, Fishermans Bend, Dandenong, La Trobe University in Bundoora, Sunshine and Werribee. So you just need one, the others will come." "But Cisco and IBM want big footprints and that's something you can't get in a lot of places anymore. "We tend to think it's probably more risky than it is because it's new, and people say, 'How can you develop all of this land into something substantive like an education city?" says Ms Roffey. The bulk of Melbourne's new homes are likely to be built here, where the urban spread hasn't yet matched the sprawl to the east.īut can you create a thriving economic hub out of nothing, and expect businesses and jobs to follow? Wyndham City Council is adding more people than any area in Melbourne and governments all over the world are championing the idea of "20-minute cities" - where you can get to work and vital amenities from your home in less than 20 minutes.