Residential development forecasts assume the number of dwellings in Southbank will increase by an average of 783 dwellings per annum to 31,120 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:
- Marco Melbourne - 42-48 Balston St - 353 dwellings (2017)
- Coventry Haus - 33 Coventry Street - 72 dwellings (2018)
- Kings Domain - 68-70 Dorcas St - 238 dwellings (2018)
- Shadow Play - 312-320 City Rd - 546 dwellings (2018)
- Southbank Central - 1-13 Balston St - 557 dwellings (2018)
- The International - 61-63 Haig Street - 163 dwellings (2019)
- 18 Moray Street - 124 dwellings (2020)
- 68-82 Southbank Boulevard - 1,060 dwellings (2020)
- Southbank Place - 54-68 Kavanagh St - 597 dwellings (2020)
- 52-66 Dorcas Street - 244 dwellings (2021)
- Botanic Southbank - 25-29 Coventry St - 252 dwellings (2021)
- Central Tower East- 93-119 Kavanagh St - 881 dwellings (2021)
- Central Tower West - 93-119 Kavanagh St - 437 dwellings (2021)
2023-2041 dwelling additions are based on approved and mooted sites, as well as future identified development precincts. Total assumed from 2023-2041: 14,050