This article is from the Australian Property Journal archive
VICTORIAN Minister for Planning Richard Wynne has made changes to the Melbourne Planning Scheme, rezoning industrial land on the edge of the CBD for the new suburb of Macaulay, which will house thousands of new residents.
Located around 2.5km from the CBD, Wynne said Macaulay will become home to 10,000 residents and 9,500 jobs by 2051.
New building controls will ensure mid-rise developments are between six and nine storeys, or rising to 12 storeys if public benefits such as community facilities or additional open space agreed by council are included.
The new suburb will be just a short walk to the future Arden urban renewal area and Arden Station, one of five new underground stations being built as part of the Metro Tunnel.
The government will also encourage a range of housing options, including more affordable dwellings.
Wynne has also approved the City of Melbourne’s request for an interim development contributions plan overlay, ensuring landowners and developers who make a windfall from the development of Macaulay give back by helping build community services and infrastructure.
The interim contribution rates paid by developers and landowners are:
- $16,127.58 per dwelling
- $182.58 per sqm of new commercial floor area
- $152.15 per sqm of new retail floor area
“The City of Melbourne has worked with the community to shape the vision and plan for the area and ensure that the Amendment strikes the right balance between catering for population growth and protecting local character.
“This is proper planning at play. We’re building a flagship new community, protecting local character, making homes more affordable and giving more Victorians a chance to work close to where they live,” Wynne said.
Australian Property Journal
