In September 2023, the Victorian State government outlined a Housing Statement aimed at facilitating 60,000 new homes by 2051 across 10 Activity Centres.
However, significant developments have emerged in just one week, highlighting the government’s proactive approach to urban planning.
Key Announcements:
- Expanded Activity Centre Program (Oct 20): Introduction of 50 new ‘Train and Tram Zone’ Activity Centres aimed at delivering over 300,000 homes by 2051. These centres will focus on taller buildings near train stations, with lower-rise options in surrounding areas.
- Off-the-Plan Concessions (Oct 21): A 12-month extension on stamp duty concessions for off-the-plan property purchases has been announced, benefiting apartments and common property dwellings.
- Infrastructure Contributions Reform (Oct 22): The government will now manage developer contributions for community infrastructure, streamlining the funding process previously handled by local councils.
- 10-Year Greenfield Plan (Oct 23): A plan to create 180,000 homes in outer Melbourne through 27 new Precinct Structure Plans (PSPs) has been proposed, with the first three set for 2024–25.
- Rezoning VicTrack Land (Oct 23): Unlocking surplus land will enable the construction of around 9,000 homes across 45 sites in Victoria.
- Streamlined Planning Regulations (Oct 24): New regulations aim to facilitate quicker approvals for dual dwellings and subdivisions without permits.
- $1 Billion Regional Housing Fund (Oct 25): This fund will support the development of 1,300 social and affordable housing units across the state.
- Fast-Tracking Innovative Designs (Oct 27): From 2025, well-designed, family-friendly developments will be fast-tracked for approval, reducing assessment times from 12 to 4 months.
These initiatives reflect a significant shift in the planning landscape, generating much interest within the development industry and communities alike.
As the government finalises details, stakeholders eagerly anticipate what 2025 will bring for Melbourne and regional Victoria.
