Minister for Planning Justin Madden has announced that the Victorian government will release an extra 41,000 hectares of land for new housing to accommodate Melbourne's population boom.
The proposed changes to the Urban Growth Boundary (UGB) will bring around 26,000 hectares of land suitable for development. The release is estimated to give Melbourne at lest 20years land supply equating to approximately 284,000 extra homes. (Maps outlining these changes have been attached)
Further to the UGB changes the minister has also announced the proposed alignment of the outer metropolitan ring road and the regional rail link, which will include up to six new train stations in Melbourne's western suburbs growth areas.
The plan includes a controversial $95,000 per hectare land tax on property lying within these expanded boundary areas, whilst land brought in as a result of the UGB changes post 2005 will attract $80,000 per hectare.
The new Growth Areas Infrastructure Contribution (GAIC) is a simplified version of the State infrastructure contribution outlined in the 2005 A Plan for Melbourne’s Growth Areas. The GAIC is a proposed compulsory charge based on the criteria above, and affects UGB land situated in Melbourne’s 5 growth areas these include; Casey-Cardinia; Hume; Melton-Caroline Springs; Whittlesea; and Wyndham.
However in a media announcement made yesterday, the 16th of May, Mr Madden announced the Brumby Government would not formalise any changes to the Urban Growth Boundary (UGB) until the Victorian Parliament passes the proposed GAIC.
Public and community have been invited to make submissions on the proposed changes to Melbourne’s Urban Growth Boundary (UGB) flagged last December in the Brumby Labor Government’s Melbourne @ 5 Million strategy.
Due to our understanding of your possible interests in urban development
within the Melbourne region we feel additional information may be
of use to your organisation at this point in time, therefore should
you have any further questions relating to the changes please contact
Sarkis Yelandjian or Nick Hooper from our office on 9501 2800.
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