- Published:
- Wednesday 31 July 2024
The Allan Labor Government is pulling every lever at its disposal to build more homes for Victorians, including unlocking surplus government land in established suburbs.
Minister for Development Victoria Colin Brooks today announced the start of a Small Sites Pilot program at sites across Preston, Coburg, Alphington, and Malvern.
The pilot program aims to deliver approximately 260 homes across the four sites, with 10% designated as affordable housing, accelerating medium density housing projects where people need it most.
The Government has opened expressions of interest to explore commercial partnerships with developers who have experience in delivering medium-density apartment and townhouse developments.
The successful developers will determine the type of housing offered at each site, which may include townhouses and low to mid-rise apartments.
The transaction model proposed will provide the successful delivery partner delayed settlement of the land to provide an incentive for successful developers to deliver housing as soon as possible, with payment for the land not due until construction is completed.
If the pilot is successful, the Government will explore other sites in metropolitan and regional Victoria to help address housing challenges.
Development Victoria will oversee the EOI process in partnership with the Department of Transport and Planning and will be open until 27 August.
The EOI is open until 27 August, with the aim to appoint developers and commence construction as soon as possible subject to relevant planning approvals.
Quotes attributable to Minister for Development Victoria Colin Brooks
“We are pulling every lever at our disposal to build 800,000 homes over the next decade, which includes unlocking surplus government land for more housing close to jobs, transport and public services.”
“There is nothing more important than a roof over your head and this is about sending a clear signal to the private sector and giving them more certainty.”