Another Melbourne council buys home site for parkland push
EXCLUSIVE
A Melbourne council has bought three neighbouring homes near a strip retail precinct, to repurpose for a park.
The Whitehorse City Council is speculated to be paying about $5.8 million for 383, 385 and 387 Mont Albert Road, Mont Albert.
Spanning 1820 square metres, the amalgamation contains two villa units and a standalone home.
It is near Mont Albert Village, which council is planning to revamp in the coming two years.
Whitehorse also recently repurposed the former Mont Albert train station as a public space.
Mont Albert and Surrey Hills train stations were replaced in 2023 with a new station mid-way between them, Union.
Buxton’s Leo Xu and Ivy Ye marketed 383-387 Mont Albert Rd.
Also today we are reporting the City of Greater Geelong sold a fast food restaurant investment (continues below).
Meaningful footprint
Councils use funds for such deals from developer contributions collected when residential projects such as townhouse and apartment projects are approved.
The Mont Albert deal comes two years since we reported Stonnington City Council acquired a 3934 sqm Glen Iris home for a park.
Also in 2024, the City of Melbourne also bought a parcel at the north‑east corner of Macaulay Road and Stubbs Street, Kensington, near the North Melbourne border, to create a garden.
Meanwhile Merri-bek City Council recently listed part of a Pascoe Vale South site it bought in 2023 after slicing off a piece for a park.
That property, costing $17m, was previously permitted for a six level apartment complex.
In January we reported the City of Yarra bought part of a Richmond road to extend a park opposite the Corner Hotel.
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