Victoria opens $1 billion redevelopment
The Victorian Government has opened a $1 billion housing development in one of the largest infill projects in Melbourne’s south east corridor.
State Planning Minister Matthew Guy said the transformation of 120 hectares of under-utilised land into a new neighbourhood called Somerfield, will pave the way for up to 2,000 homes and more than 7,000 residents.
“We are continuing to work to increase the supply of housing, to maximise land use to boost jobs, drive investment and provide housing choices to suit a range of budgets,” Mr Guy said.
“Thousands of construction jobs have already been created from the existing 500 homes built, and thousands more jobs will be generated by the project as more residents build their homes and move in.”
The project is a joint venture between Intrapac and Brencorp working with the City of Greater Dandenong and capitalises on major Government infrastructure upgrades such as the soon to be completed Dingley Arterial, Westall Rail upgrade, east-west link and additional train tracks as part of the Melbourne Metro.