Melbourne’s Population to Hit 5 Million by 2036

As such, Melbourne’s development boundaries are expected to be expanded, to cope with the expected 134,000 homes that will need to be built. Growth areas identified in the 2002 Melbourne 2030 policy, including Box Hill, Broadmeadows, Dandenong, Footscray, Frankston and Ringwood are likely to see more rampant residential and commercial development.

Premier Brumby said Melbourne is attracting record numbers of new citizens, more than forecast in the 2006 Census. He said the government would immediately begin with new development boundaries, which are expected to be announced next year. Also next year, the government will release a regional Victorian development blueprint.

In the western suburbs, land between Melton and Caroline Springs will be developed, stretching through to Werribee.

In the north-west, land around Sunbury will be developed, while in the north, Craigieburn and Epping will be extended up to Beveridge.

Development in the south-east will be between Cranbourne and Officer.

Landowners will be have to pay a $95,000 per hectare contribution, which will go toward the cost of infrastructure, much of which will need to be built.

The government document can be found here: http://www.dse.vic.gov.au/dse/nrenpl.nsf/Home+Page/DSE+Planning~Home+Page?open

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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