Melbourne urban development to deliver 2,000 new homes
A $1 billion residential property project in Melbourne's south-east will provide up to 2,000 homes in the growing region, the state government announced yesterday (September 27).
Opening the major housing development in Keysborough this week, planning minister Matthew Guy said 120 hectares of land would be transformed into the new community, Somerfield - becoming home to more than 7,000 people.
House hunters and property investors may be interested in the project which will deliver more housing options in the area, including affordable choices for savvy buyers.
"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 explained.
"The new community at Somerfield will benefit from close proximity to Greater Dandenong's revitalisation as a major population and business hub and the focus for significant new public and private sector investment in infrastructure and development."
Mr Guy said the development's central location and close proximity to employment centres and businesses would provide its future residents with more job opportunities.
The project will comprise close to 20 per cent of open space, including parks and tree-lined boulevards, as well as recycled water systems for local residents to use.