The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 THE UNMISSABLE EVENT FOR PROPERTY PROFESSIONALS IN THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 UNMISSABLE FOR PROPERTY PROFESSIONALS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
RetailRenee McKeownTue 19 Jan 21

Developers Prep for Melbourne’s Newest Suburb Pakenham East

TUD+ MEMBER CONTENT
5153cb47-23b4-483c-825c-bdc91b49f5f2
SHARE
3
print
Print

Lendlease, Satterley and Parklea are about to move into Pakenham East the first of six new suburbs to be fast-tracked in Melbourne.

The three developers will soon be able to submit applications following approval of the precinct structure plan and infrastructure contributions plans.

Pakenham East is one of six major greenfield development sites fast-tracked by the Victorian Planning Authority in response to the pandemic.

The precinct will feature 7,200 new homes, town centre and convenience centre, four schools, three community centres and 44 hectares of local parks and sports reserves.

Priority greenfield projects to be fast tracked

SuburbDistance from CBDSizeStatus
Pakenham East65km SE 630haApproved
Beveridge North West45km N1250haStructure Plan Finalisation
Craigieburn West25km N562haSubmission Review (to be submitted for approval June)
Shenstone Park30km N628haPlanning Pannel
Wallan East Part 145km N140haDraft Plan Preparation
Wallan South45km N806haDraft Plan Preparation

Source: Victorian Planning Authority

It took more than three years for the for the 630-hectare precinct on the northern side of the Princes Freeway to reach this stage.

Construction of Pakenham East will commence in early 2021 with clearing already visible on the site.

The suburb will also serviced by the Pakenham train line extension set to open in 2024.

Related: Victorian House Prices Record Landmark Lift

▲ The Pakenham East concept plan makes way for 7,200 homes, four schools, retail spaces and 22 MCGs worth of parkland.

Acting planning minister Lily D’Ambrosio said this precinct will add more than $1 billion to the Victorian economy over the coming years .

“We’re ensuring the new community at Pakenham East is supported by the best infrastructure in the right places,” D’Ambrosio said.

“Pakenham East will provide an economic boost for the local community, with a pipeline of development for new homes, employment and community infrastructure.”

The new suburb will take advantage of the residential market turnaround where property prices have jumped 9.5 per cent since the end of September.


Join us 18 March 2021 as we explore how the property industry plans to transform Pakenham East. Click here to purchase your ticket.

ResidentialAustraliaMelbournePlanningPlanningSector
AUTHOR
Renee McKeown
More articles by this author
ADVERTISEMENT
TOP STORIES
MONARK co-founders Michael Kark (CEO) and Adam Slade-Jacobson (CIO)
Exclusive

Finding the Sweet Spot: How Monark Built its $2bn Property Empire

Leon Della Bosca
6 Min
Exclusive

Sydney’s Fear of Heights Holding Back Housing

Vanessa Croll
6 Min
North Melbourne Craigieburn HB Land EDM
Exclusive

Tribunal Finding Cruels 1000-Home Melbourne Plan

Clare Burnett
5 Min
Roseville Hycorp EDM
Exclusive

Ku-ring-gai TOD Backflip Slashes 1500 Homes from Under-Way Developments

Clare Burnett
7 Min
Exclusive

Housing Fix Sprint Begins with New Top Planner Pushing 13 Regional Plans

Phil Bartsch
8 Min
View All >
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
Sponsored

Carpet Zones Bring Clarity to Open Layouts

Partner Content
Labrador Midrise Whiting Street DA hero
Residential

Labrador Scheme Joins Gold Coast Midrise Surge

Phil Bartsch
The latest proposal is for 17 apartments across an eight storey building at Labrador...
LATEST
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
3 Min
Interiors

Carpet Zones Bring Clarity to Open Layouts

Partner Content
4 Min
Labrador Midrise Whiting Street DA hero
Residential

Labrador Scheme Joins Gold Coast Midrise Surge

Phil Bartsch
2 Min
MONARK co-founders Michael Kark (CEO) and Adam Slade-Jacobson (CIO)
Exclusive

Finding the Sweet Spot: How Monark Built its $2bn Property Empire

Leon Della Bosca
6 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/developers-prep-for-melbournes-newest-suburb-pakenham-east