Major development approved in Melbourne’s east to introduce over 1,000 new homes

The Allan Labor Government has approved a significant development project in Melbourne’s east, set to deliver more than 1,000 new residences to the Box Hill area. This initiative aims to address the demand for housing in preferred locations by Victorians.

Minister for Planning Sonya Kilkenny announced the approval of the Box Hill Central North Masterplan, which is a $1.57 billion project expected to provide 1,700 homes, including a 10 percent contribution towards affordable housing.

The masterplan envisions the transformation of the site into a mixed-use precinct that encompasses a new civic plaza, public open space, and new pedestrian and bike paths, all set within a landscaped environment.

The new homes will be accommodated across seven multi-storey buildings, strategically located close to employment opportunities, essential services, and public transportation options, including the SRL Box Hill Station.

This development is aligned with the broader vision for SRL East, a project anticipated to facilitate the construction of 70,000 new homes in areas surrounding the six new station precincts, including Box Hill, Burwood, Glen Waverley, Monash, Clayton, and Cheltenham.

It was submitted as part of the Government’s Development Facilitation Program, designed to streamline the planning process for priority projects that stimulate Victoria’s economy, secure employment, and provide homes for its residents.

As Victoria continues to be the fastest-growing state in Australia, the Labor Government is committed to enabling the construction of 800,000 new homes over the coming decade, as outlined in its landmark Housing Statement.

This effort reflects the government’s strategy to ensure more homes are built in established suburbs, facilitating closer proximity to jobs, transport, and educational services. This not only assists young people in living near their childhood homes but also aims to alleviate the growth pressures faced by families in Melbourne’s rapidly expanding outer suburbs.

Minister Sonya Kilkenny stated, “With Melbourne’s population set to be the size of London by 2050, we’re pulling every lever we can to ensure we can get thousands of new homes for Victorians off the ground faster – where they want to live.”

She added, “Box Hill is one of our fastest-growing communities, and this project will bring more than 1,700 new homes right next to the Suburban Rail Loop – helping us deliver more homes close to jobs, services, and great public transport.”