Part 5/10:
This initiative comes amid alarmingly high vacancy rates, with Melbourne leading the nation at 17.9%. By comparison, Sydney's vacancy rate stands at 13.7%, and Brisbane’s at 10.7%. The focus on remote work as a solution, however, seems disconnected from the reality on the ground. While office vacancy rates soared from a modest 3.4% before the pandemic, the current figures reveal a structural problem—one that local policies may inadvertently exacerbate.