MELBOURNE FUTURE GROWTH CENTERED AROUND INNER CITY LIVING

09-Nov-2016

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Author: Future of Melbourne

As the local government and the strategic planning community respond to strong population growth and changing lifestyle needs, redeveloped industrial land near Melbourne’s CBD has been assigned to provide new homes for over 100,000 people plus create thousands of jobs. With Docklands well on its way to being completed, attention has turned to the urban renewal of neighbouring precincts: Fishermans Bend, E-Gate and Arden. The new housing and commercial development of these former industrial estates is being fast-tracked due to both rapid population growth and the fact that these areas are already well-serviced by public transport, shops and community facilities, avoiding the high cost and lengthy process of developing and upgrading infrastructure. Fishermans Bend, which is already in the early stages of change, will eventually comprise five precincts across 485ha - offering a mix of low and high density housing, shops, offices, vertical schools, parks, bicycle tracks and walking paths for up to 80,000 new residents. Connecting Docklands’ NewQuay and West Melbourne, E-Gate has been earmarked to be redeveloped from a 20ha railway yard to a mini-suburb home to 10,000 residents. North Melbourne’s Arden is a 56ha industrial site that the Government plans to turn into a new suburb for 15,000 residents serviced by a new underground station in the Metro rail project. According to Charter Keck Cramer’s Executive Chairman Scott Keck, the redevelopment of the inner city is allowing more “flexible housing tenure and terms,” better suited to the rapidly changing residential landscape. “Local intending occupiers, whether first home buyers or those downsizing for retirement, still demonstrate strong support for well-conceived, well-located inner urban projects especially those which offer a mix including townhouses and larger apartments." To find out more about what changes have been planned for your local area, click here or call 9091 1400.