Part 7/8:
Looking ahead, many analysts suggest that without significant policy reforms, Victoria risks a financial crisis similar to past decades. The economic decline has been palpable enough that regions like Adelaide are now poised to overtake Melbourne in median house prices—an unambiguous sign of eroding confidence.
The combination of high debt, rising unemployment, business closures, and political dysfunction paints a bleak picture for Victoria’s future. Unless urgent measures are implemented to curb spending, manage debt, and restore economic confidence, the state's economic health will continue to deteriorate.