More importantly, the geography of Australia’s tech boom is changing. In a milestone shift, Melbourne has officially overtaken Sydney in total forecast capacity, while regional hubs outside the two major capitals are capturing a rapidly growing share of the market.
Surging data centre demand is already influencing land values, but a growing pipeline of speculative projects raises a question for industrial property investors.
Cranbourne line trains were more likely to be cancelled or cut short in the first eight months of the Metro Tunnel timetable than during the same period a year earlier, according to the State Government’s operational performance statistics.
Twenty-two-metre high power poles and a constant, eerie humming noise have been a bugbear for Footscray residents and those in surrounding areas, leading to protests and outcry from locals.
Neither Jemena nor NextDC has formally confirmed that the power pole pause directly caused the supply bottleneck. However, Citigroup analyst Siraj Ahmed confirmed in a client briefing that the trading halt is heavily linked to Jemena’s suspension of the infrastructure project.
The filing discloses that the trading halt was sought specifically because NextDC needs to provide a material update to the market on the impact of a delay to the supply of power at its M3 Melbourne data centre.
Power supplies to NextDC’s controversial M3 data centre expansion in Melbourne had been delayed, the developer said on Monday, as trading in its shares was halted pending an update on the potential hit to its balance sheet.
