Victoria’s $5.3b housing boom gets underway

Victoria’s biggest ever social and affordable housing project has gotten underway with a fast-start project in north-west Melbourne kicking things off.

Construction at a site in Ascot Vale marked the beginning of the Victorian Government’s $5.3 billion Big Housing Build which aims to deliver 12,000 new homes state-wide.

Visiting the Dunlop Avenue fast-start project, Victorian Minister for Housing, Richard Wynne says that the accelerated projects will help aid the housing stock shortage.

“These fast-start sites will deliver more than a thousand new homes and kickstart the biggest social housing build in the state’s history,” he says.

Five other fast-start projects in Ashburton, Flemington, Hawthorn, Richmond and West Heidelberg totalling $532 million of Labor Government investment will help reshape the state’s social housing infrastructure over the next four years.

The construction of the Dunlop Avenue site is set to be completed in early 2023, with Member of Essendon Danny Pearson telling of his excitement at what the project will bring to the area.

“The start of works here in Dunlop Avenue is just the beginning of an incredible investment in new homes across the state,” he says.

It’s great news for the local community that this project will result in 200 new, safe and accessible homes in the area, for those who need it most.

Member of Essendon – Danny Pearson

Victorian Premier, Daniel Andrews, praised the introduction of the Big Housing Build saying that 10,000 jobs will be created by the project every year it is running.

“For thousands of Victorians, safe, secure and affordable housing is still out of reach – but we’re changing that, and we’re not wasting a minute getting to work,” he says.

“Our Big Housing Build will give Victorians who need it, a roof over their head and create thousands of local jobs – supporting our state’s recovery,” Premier Andrews says.

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