The Victorian government’s removal of a title restriction will enable the delivery of new homes as part of the $5 billion La Trobe University City masterplan.
The Victorian government has announced it will remove a historic title restriction on two parcels of land on Plenty Road at the La Trobe University Bundoora campus, which will enable the delivery of 2,300 homes.
Around 2,300 new dwellings could be built at La Trobe University’s Bundoora Campus in north-east Melbourne, following an announcement from the Victorian government that it will remove a historic title restriction on two parcels of campus land that will allow them to be used for housing.
The site on Plenty Road falls within a government program of underused sites eligible for fast-tracked rezoning in order “to support new homes, jobs and investment,” the government has said.
Minister for Planning Sonya Kilkenny commented, “We’re unlocking land at La Trobe University to build more homes close to jobs, education and public transport.”
According to the government’s communique, the development will require a minimum of 10 percent affordable housing, and will be subject to a full planning assessment and community consultation.
“Once development is underway, up to $13.6 million from the value captured from the sale of the land will be reinvested into future projects that support the local area,” the media release notes.
The project forms part of La Trobe University’s broader $5 billion masterplan, released late last year , which aims to deliver around 9,000 homes across the Bundoora campus precinct.
The project forms part of La Trobe University’s broader $5 billion masterplan, released late last year, which aims to deliver around 9,000 homes across the Bundoora campus precinct.
Image: La Trobe University
Minister for Economic Development Anthony Carbines said the masterplan “will drive investment, support thousands of jobs and create new opportunities for businesses and workers across Melbourne’s north.”
According to the government’s media release, La Trobe University will now proceed to lodge and progress its own application for the two land parcels. The university’s masterplan document anticipates the first residential construction to commence in 2027.
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