Rockbank – realestatesource https://www.realestatesource.com.au Commercial and residential property news Wed, 27 Oct 2010 04:01:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Rockbank – realestatesource https://www.realestatesource.com.au 32 32 Melbourne’s Newest Suburb is Rezoned: Taylors Hill West https://www.realestatesource.com.au/melbournes-newest-suburb-is-rezoned-taylors-hill-west-2/ Wed, 27 Oct 2010 04:01:00 +0000 http://realestatesource.com.au/wordpress/melbournes-newest-suburb-is-rezoned-taylors-hill-west-2.html HAVING built a freeway to Caroline Springs to help ease newfound traffic congestion, the government has now rezoned a major tract of western suburb land to make more efficient use of the existing infrastructure.

Planning Minister Justin Madden this week approved for the residential redevelopment of 220 hectares abutting the north-western edge of the fully developed Caroline Springs housing estate, about 23 kilometres from town.

The affected land is bordered by Beattys Road to the north, Taylors Road to the south and high voltage transmission lines to the west.
]]> In documentation, the Melton Shire Council and government define the area as Taylors Hill West (Taylors Hill being two suburbs closer to the city). However it is known locally as Plumpton which shares the same postcode as Rockbank.

It’s expected the parcel will make way for 2300 dwellings housing 6500 residents.

Welcoming Planning Minister Justin Madden’s decision, council said City Vista Court will now be extended to Beattys Road. A new intersection will extend from Hume Drive, a major thoroughfare of the adjoining Caroline Springs estate.

In coming months Minister Madden is also expected to approve a major redevelopment of a mixed-use precinct known as Toolern Vale, west of Rockbank.

]]> Melbourne’s Newest Suburb is Rezoned: Taylors Hill West https://www.realestatesource.com.au/melbournes-newest-suburb-is-rezoned-taylors-hill-west/ Wed, 27 Oct 2010 04:01:00 +0000 http://realestatesource.com.au/wordpress/melbournes-newest-suburb-is-rezoned-taylors-hill-west.html HAVING built a freeway to Caroline Springs to help ease newfound traffic congestion, the government has now rezoned a major tract of western suburb land to make more efficient use of the existing infrastructure.

Planning Minister Justin Madden this week approved for the residential redevelopment of 220 hectares abutting the north-western edge of the fully developed Caroline Springs housing estate, about 23 kilometres from town.

The affected land is bordered by Beattys Road to the north, Taylors Road to the south and high voltage transmission lines to the west.
]]> In documentation, the Melton Shire Council and government define the area as Taylors Hill West (Taylors Hill being two suburbs closer to the city). However it is known locally as Plumpton which shares the same postcode as Rockbank.

It’s expected the parcel will make way for 2300 dwellings housing 6500 residents.

Welcoming Planning Minister Justin Madden’s decision, council said City Vista Court will now be extended to Beattys Road. A new intersection will extend from Hume Drive, a major thoroughfare of the adjoining Caroline Springs estate.

In coming months Minister Madden is also expected to approve a major redevelopment of a mixed-use precinct known as Toolern Vale, west of Rockbank.

]]> Mirvac Starts Planning its Biggest Victorian Masterplanned Community https://www.realestatesource.com.au/mirvac-starts-planning-its-biggest-victorian-masterplanned-community/ Tue, 24 Aug 2010 04:57:02 +0000 http://realestatesource.com.au/wordpress/mirvac-starts-planning-its-biggest-victorian-masterplanned-community.html RockbankMIRVAC was one of many land owners celebrating the State Government’s decision last month to substantially extend Melbourne’s Urban Growth Boundary.

The announcement paves the way for Mirvac, with Malaysia based joint venture partner Jayaland, to develop its largest master planned Victorian community in the western suburb of Rockbank, near Melton, about 28 kilometres from town.

Mirvac chief executive officer Victoria John Carfi said the company was delighted with the government’s decision, and that it will now work with the Growth Areas Authority and the Melton City Council to work through a new planning process.
]]> In late 2008 the consortium shelved billion dollar redevelopment plans affecting 737 hectares of former Department of Defence land, because the government refused to shift the UGB. At the time Mirvac planned 6500 homes to accommodate some 35,000 new residents.

]]> Planning Strategy Affecting 2400 Hectares Between Caroline Springs and Melton Being Formalised, Tenders Called https://www.realestatesource.com.au/planning-strategy-affecting-2400-hectares-between-caroline-springs-and-melton-being-formalised-tenders-called/ Sun, 14 Mar 2010 17:04:36 +0000 http://realestatesource.com.au/wordpress/planning-strategy-affecting-2400-hectares-between-caroline-springs-and-melton-being-formalised-tenders-called.html THE FORMER “thoroughbred country” of Melton is a step closer to becoming part of metropolitan Melbourne, with the council formalising a major planning strategy affecting 2400 hectares of vacant land - effectively creating two new suburbs and allowing for the area’s population to more than double within 15 years.

The affected land between Paynes Road at Rockbank (some 30 kilometres from town) and Toolern Creek, at Melton South (40 kilometres away) is proposed to make way for two new activity centres, shops, offices, a new train station, and low, medium and high density residential.
]]> The Melton Shire council is now seeking a private investment partner to help create the first of several new western suburb communities, in a move expected to add 22,000 dwellings and increase population from 43,000 currently, to 100,000 by 2026.

The plan also allows expansion land for Harness Racing Victoria, which relocated from Moonee Valley to a new $40 million Melton facility last July.

The wider Melton Shire Council area, which also includes housing estates much closer to the city, is one of the country’s fastest growing municipalities, with population forecast to hit 144,000 by 2016, up from 103,000 currently.

In 1970, the population of Melton – about midway between Melbourne and Ballarat – was 4000.

Planning Minister Justin Madden is expected to approve the Toolern Precinct Structure Plan in June, with a developer expected to be appointed by December. Subdivision works will be carried out in the middle of 2011 with construction set to start soon after.

A council spokesman told Capital Gain more than 35 developers, consultants and other interested parties have already shown interest in the proposal to develop the first 512 hectares of land (381 hectares of which will be residential), currently owned by the council.

Property heavyweights including Delfin Lend Lease, MAB Corporation, Mirvac and Stockland are expected to be in the mix of joint venture partners.

Stockland recently paid $56.5 million for a 124 hectare development site in nearby Leakes Road capable of yielding 1300 dwellings.

Upon completion of the entire 2400 hectare redevelopment, just one Western Highway exit will divide the invisible line where Melton begins and metropolitan Melbourne ends – loosely considered the 1996 housing estates of Caroline Springs and Burnside – which actually share the same postcode as Deer Park.

All up more than $15 billion, spread as $9 billion for residential and $6 billion for commercial, will be spent in Melton, making it a bigger urban regeneration than Docklands ($12 billion).

Melton is expected to become more convenient to access by car, if a recently proposed outer ring road is developed, connecting the precinct to Melbourne Airport and an interchange at Oakland Junction, near Sunbury, better connecting outer western industrial operators to the Hume Freeway.

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