News :
Home » » New Melbourne housing blocks to hit market to improve affordability in Victoria

New Melbourne housing blocks to hit market to improve affordability in Victoria

In an effort to tackle the problem of housing affordability "head on", the Victorian Government is rezoning 100,000 housing blocks and creating 17 new suburbs in Melbourne's key growth zones.

Melbourne's new suburbs:

  • West of Melbourne: Quandong, Tarneit Plains, Kororoit, Mt Atkinson, Plumpton

  • North-west of Melbourne: Lancefield Rd Sunbury, Sunbury South

  • North of Melbourne: Lindum Vale, Beveridge North West, Beveridge Central, Donnybrook and Woodstock, Wollert, Northern Quarries

  • South-east of Melbourne: Minta Farm, Pakenham East, McPherson
The State Government said the announcement was one of a suite of policies it would unveil this week to help people trying to get into the property market.

The blocks will go on the market between now and the end of next year in areas including Kalkallo, about 50 kilometres north of Melbourne's CBD, where a community of up to 40,000 will be established at Cloverton over the next 30 years.

All of the communities will be fully planned with access to town centres, schools and key infrastructure available when people move in, the State Government said.

I think that's what's so important about a steady land supply going forward, but also quality planned environments for people who are going to live here," Planning Minister Richard Wynne said.


Treasurer Tim Pallas said housing blocks are much more affordable in Melbourne than Sydney and he wants to keep it that way.

A three-bedroom house at Cloverton would cost about $400,000, he said, compared to $750,000 in Sydney.

"We're getting on and delivering the policies that will assure Victorians, certainly so far as the supply debate is concerned, that is the amount of housing stock that is available into the market," Mr Pallas said.


Land size a big factor for new homeowners

Mr Makertich said the affordability of a large-sized block made the decision to buy there easy.
"The masterplan sold us. Having eight schools planned in the area, sporting facilities, that definitely helped us make the decision," he said.

Mr Pallas said the Government's spending on infrastructure had increased from a ten year average of $4.9 billion a year to $8.4 billion dollars and was getting larger.
"What does that translate to? Here in the northern suburbs [that] translates to a Mernda rail line, [and] an outer suburban arterial road program of $1.8 billion for western suburbs of Melbourne," he said.

"In the very near future we'll be unveiling comparable packages for the northern suburbs and south-eastern suburbs of metropolitan Melbourne in those growth areas."

Too little too late, Opposition says

Opposition Leader Matthew Guy said rezoning was overdue and the wait had been too long for hopeful home buyers.

"This is too little too late … for those people struggling to buy a house, this land should have come on stream two years ago," he said.

"It beggars belief that it's taken the Government so long."
Mr Guy also said he was concerned that the new residential developments would be built without proper infrastructure.

"I worry that this Government has scrapped the works in kind scheme, which saw infrastructure coming on place at the time of development and as a consequence … we might see many suburbs built without proper infrastructure."



Share this post :