Minister for Planning Richard Wynne today approved the detailed precinct structure plan for Mt Atkinson, a new suburb aimed at boosting housing affordability and job creation.
The 1500-hectare precinct, south-west of Caroline Springs, will feature more than 8,000 dwellings and will house 22,000 people over the next 15 years.
An in-principle agreement with Mount Atkinson Holdings and Stockland will see two Government schools built, land acquired for a future train station and other first-class community facilities.
A Growth Areas Infrastructure Contribution of more than $100 million paid by the developers will also cover a CFA station and early delivery of a new bus service connecting to Rockbank Station.
Aerial shot of Mt Atkinson“Mt Atkinson is going to be a great place to live and to raise a family, with jobs for locals on their doorstep and affordable housing so that young Victorians can achieve their dream of home ownership.” Minister Wynne said.
Sports grounds, a conservation reserve, community centres and kindergartens are also funded under a separate agreement with the Melton Council.
The Labor Government is helping young Victorians break into the housing market by abolishing stamp duty for first-time buyers on homes up to $600,000 and cutting stamp duty on homes valued up to $750,000. The government has also doubled the first homeowners grant to $20,000 in regional Victoria.
The community will create up to 19,000 long-term jobs in retail, commercial, industrial, office, education and home-based businesses.