In a bid to boost housing affordability for Victorians, the State Government has planned 17 new suburbs across Melbourne’s key growth zones. These new suburbs will provide 100,000 lots over the next two (2) years.
This is welcome news to Victorians struggling with housing affordability. Melbourne’s north is seeing the largest growth with seven (7) out of the seventeen (17) new suburbs planned for that area.
New housing will offer GenYs an opportunity of getting a foot in the door of the property market and provide more places to house those who need it. New suburbs will appear in Melbourne’s north west, north, south-east and west.
The new suburbs are:
West of Melbourne: Quandong, Tarneit Plains, Kororoit, Mt Atkinson, Plumpton
North-west of Melbourne: Lancefield Rd Sunbury, Sunbury South
North of Melbourne: Lindum Vale, Beveridge North West, Beveridge Central, Donnybrook and Woodstock, Wollert, Northern Quarries
South-east of Melbourne: Minta Farm, Pakenham East, McPherson
While new suburbs are a welcome move by the government, inner city dwelling GenYs are more excited about the new reductions to stamp duty and off-the-plan concessions.
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