This article is from the Australian Property Journal archive
A NEW “Little India” precinct and 470 new homes will be created in the heart of Melbourne’s Dandenong, after the Victorian Allan government gave developer Capital Alliance the green light for a key part of the south-east suburb’s revitalisation initiative.
Development of sites 11 to 15 within the Revitalising Central Dandenong Initiative will also deliver 2,500 sqm of community space, and new commercial and retail spaces, including a new supermarket and food market hall.
The development and construction of this phase will inject $600 million into the local Dandenong economy, including sustaining approximately 2,600 construction jobs, the government said.
Development Victoria will support Capital Alliance in finalising the development plan, which will be subject to final approval.
Revitalising Central Dandenong was initiated by the Victorian government in 2006 and is expected to attract more than $1.2 billion in private sector investment, while sustaining up to 5,000 jobs.
CEO and founder of Capital Alliance, Mohan Du, said the approval of the planning scheme amendment signifies an important milestone in the delivery of the masterplan vision “which is to transform central Dandenong into Melbourne’s second capital city”.
Minister for Development Victoria Colin Brooks said, “Dandenong is booming and we’re ensuring more homes and jobs are created closer to public services, so local families can access everything they need, close to where they live”.
Member for Dandenong, Gabrielle Williams, said, “We’re turning this area into a vibrant new neighbourhood with hundreds more homes and jobs, right on top of a dining and entertainment precinct”.
Meanwhile, in the south-east bayside suburb of Frankston, Minister for Planning Sonya Kilkenny has approved the construction of 62 affordable homes, fast-tracked through the government’s Development Facilitation Program.
The 14-storey building will contain a mix of one, two and three-bedroom homes. Operated and managed by a community housing provider, the project will provide rental homes for people on low to moderate incomes who face challenges securing long-term housing in the private rental market.
The homes will be located near Frankston train station, and within walking distance of supermarkets, Frankston Hospital, parks, and the waterfront.
The Labor government is fast-tracking developments with at least 10% affordable housing that meet requirements through the Development Facilitation Program.
“By fast-tracking projects like this, we’re ensuring that more Victorians have access to safe, secure, and affordable homes—because every Victorian deserves a roof over their head,” Kilkenny said.
