Fast-start project: Victoria's $5.4 billion Big Housing Build

Fast-start project: Victoria's $5.4 billion Big Housing Build
Fast-start project: Victoria's $5.4 billion Big Housing Build

Local government areas (LGAs) are struggling to accommodate the growing demand for housing in Victoria – a problem which the Victorian Government are planning to address with an investment boost of $5.4 billion.

The Government's plan is to replace obsolete properties and construct 12,000 new homes, providing more social and affordable housing. This funding will, in turn, provide 10,000 jobs each year over four years. 

Current projects underway

Bills Street, Hawthorn - The site is prepped and ready for new developments to commence construction once the planning application is approved.

Dunlop Avenue, Ascot Vale - Planning permit has been issued earlier this year.

Elizabeth Street, North Richmond - The new buildings to be established in the vicinity of 147 - 161 Elizabeth Street in Richmond will deliver well designed, safe, secure and modern social and affordable housing. 

Markham Avenue, Ashburton - The site is prepped and ready for development to begin. The new homes will be located next to existing parklands.

Tarakan Street, West Heidelberg - Redevelopment for improved open space is planned for this site.

Victoria Street, Flemington - A new residential development will offer affordable homes due to demand.

21 LGAs the Government is requesting submissions for:

  1. Bendigo

  2. Macedon

  3. Ballarat

  4. Moorabool

  5. Melton

  6. Wyndham

  7. Geelong

  8. Shepparton

  9. Mitchell

  10. Whittlesea

  11. Maroondah

  12. Casey

  13. Cardinia

  14. Hume

  15. Brimbank

  16. Maribyrnong

  17. Port Phillip

  18. Moreland

  19. Darebin

  20. Whitehorse

  21. Boroondara

The new initiative will complement the $500 million building works programme, which aims to give the construction industry extra employment security post-COVID-19.

Olivia Round

Olivia Round

Olivia Round is the Features Editor of urban.com.au. Olivia specialises in news reporting, in-depth editorial content and video + podcast interviews with industry experts.

Tags: 
Victoria Victorian Government

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