Find out about future Growth areas
Through the Melbourne 2030 policy a growth boundary has been established preventing developments from outside these areas and designating them as Green Wedges. Development will not take place within these Green Wedge zones until the strategy expires in 2031.
Within the Growth Boundary there have been five designated Growth areas for the next 30 years. These growth areas have been allocated to the municipalities below and will receive billions in dollars in future funding. These Growth Areas will accommodate much of the expected population growth in Melbourne and essentially become self supporting satellite cities. For more information in each location click on the link provided.
5 Key Growth Areas
It is these growth areas that Property Planet has conducted significant research and micro analysed each to present investors what we believe are sound property investment opportunities.
These growth areas are managed by the Growth Areas Authority, an independent statutory body with a broad, facilitative role to help create greater certainty, faster decisions and better coordination for all parties involved in planning and development of Melbourne's growth areas.
In summary these areas will receive substantial "growth" over the next few decades through considerable funding for planning and infrastructure. To those educated on these policies, the Melbourne 2030 acts as a yellow brick road to sound property investment opportunities now and well into the future.