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The one thing propping up Victoria’s economy is on ice

The Australian Financial Review (AFR) •
November 03, 2026 • 05:29 AM
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Labor has confirmed it has nine applications in a queue for more than $5 billion in data centre proposals, but caretaker mode will put a freeze on any decision.

The one thing propping up Victoria’s economy is on ice

Industry groups and economists warn a six-month backlog of decisions on $5 billion worth of data centre applications in Victoria ahead of the state election has put a freeze on one of the few potential growth areas in the economy.

Nine applications, including one by the developer Stockland in the western Melbourne suburb of Brooklyn, were awaiting government approvals on Tuesday as the state enters caretaker mode, meaning no major decisions can be made until a new government takes power following the November 28 election.

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