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[BUSINESS] · Australia · 2 sources

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La Trobe University land rezoned for 2,300 new homes

The Victorian government has announced the removal of a historic title restriction on two parcels of land at La Trobe University’s Bundoora campus in Melbourne. This rezoning, part of the Unlocking Strategic Sites program, allows for the development of approximately 2,300 new dwellings.

The project is a component of the university’s $5 billion masterplan, which aims to deliver roughly 9,000 homes across the broader campus precinct. The development is expected to include a minimum of 10 percent affordable housing and will undergo a full planning assessment and community consultation.

Economic projections suggest the development could support over 20,000 jobs and contribute $3.5 billion in Gross Regional Product over a decade. Additionally, up to $13.6 million from land sale value will be reinvested into local projects. Residential construction is anticipated to begin in 2027.

Entities

Anthony Carbines · Bundoora · La Trobe University · Sonya Kilkenny · Victorian Government