Property Market Information: Recycling boost for Melbourne highlights dedication to sustainability

By the resi financial blog team, 29 August 2014

Property Market Information: Recycling boost for Melbourne highlights dedication to sustainability

The Victorian government has committed more funding to increasing recycling in Melbourne's central business district.

Minister for Environment and Climate Change Ryan Smith announced the plan earlier this week, stating the government would provide $164,000 to boost recycling activity in the area. This is part of the $600,000 Smarter Resources, Smarter Business Recycling program being rolled out across the state, which has seen up to 48,000 tonnes of waste diverted from a landfill per annum. 

The funding will focus on three different areas of the central business district, including the space space between Centre Place and and Degraves Street, the QV shopping centre, and Collins Street. Projected figures for removal are more than 760 tonnes - which could fill up more than 76 rubbish trucks or at least six Olympic sized pools. 

"This latest funding coincides with not only Melbourne being named the most liveable city in the world, but with Victoria being named for the second year running Australia's most litter-free state, which is more evidence that the Napthine Government's practical approach to reducing litter is paying off," said Mr Smith in an August 28 statement. 

Earlier this month Melbourne was named the world's most liveable city, beating out 139 other cities across the globe for the honour. One of the categories the city topped was sustainability, with the overall push for a cleaner environment being recognised worldwide. 

Reducing the amount of recyclable rubbish being thrown away into landfills is an easy way for residents to do their part for creating a cleaner, greener Australia. With this funding available to help push the program, Melbourne will continue to remain at the forefront of sustainable living across the nation - which could be a major appeal for buyers interested in purchasing real estate. 


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