The ballots close this Friday (October 26) at 18:00 in Melbourne, which means residents have just a few days left to cast their votes for the city's lord mayor and deputy mayor.

The Property Council of Australia reports the contest as a four-horse race, each competing with different visions of how Victoria's capital should be governed..

Each candidate's policies could have a direct impact on both residential and commercial real estate in Melbourne, which means residents will have plenty of food for thought in the days ahead.

The incumbent and current mayor Robert Doyle's vision includes widening the use of CCTV, revamping the Harbour Esplanade and injecting more capital into community facilities.

Gary Singer of the John So Melbourne Living party says his top priority is increasing public transport as a way of combating congestion.

Dr Alison Parkes from the Green party wants to see a bigger level of consultation in city planning, as well as give more power to communities so they can have a greater say in the way they want their city to move forward.

The Prosperity for Liveability party's Gary Morgan wants to cut council rates by five per cent and improve the landscape for motorists by increasing the number of underground car parks in and around the city.

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