Residential development forecasts assume the number of dwellings in Parkville will increase by an average of 35 dwellings per annum to 3,327 in 2041.
The addition of dwellings to the housing stock is a major driver of population growth in an area, providing opportunities for households to relocate from other areas or new households to form locally (such as young people leaving the family home or separations/divorces).
Residential development can take various forms depending on the availability of land. These include new housing estates on greenfield sites, subdivision in existing residential neighbourhoods (often called infill development), conversion of industrial lands to residential lands, and densification of housing by building up.
.id's forecasters worked with Council planners to understand the likely development activity in each small area. This forms the development assumptions for the forecasts. This table shows the quantity of new development assumed in each small area in the City of Melbourne. Select each small area to see detailed assumptions.
List of forecast land developments and infill assumptions:
2017-2022 dwelling additions are based on known sites, both completed and under construction. They include:
- Thrive Parkside (Stage 7) - 11-49 Galada Ave - 133 dwellings (2017)
- Flourish Parkside (Stage 8) - 51-55 Galada Ave - 81 dwellings (2018)
- 63 Manningham Street - 22 dwellings (2019)
- 65-71 Manningham Street - 13 dwellings (2019)
- Parkville by Oliver Hume - 20 dwellings (2019)
- Prosper Parkside (Stage 4) - 110 Cade Way - 172 dwellings (2019)
- Small sites - 3 dwellings
2023-2041 dwelling additions are based on approved and mooted sites, as well as future identified development precincts. Total assumed from 2023-2041: 430 dwellings