Residential Property

Medium & High Density Dwellings in Melbourne Suburbs

Victorian Government policy is increasingly favouring infill development in existing urban areas. The creation of the Urban Growth Boundary will constrain future development on Melbourne's outer suburban fringes, with the onus on developing higher density dwellings in the inner and middle suburbs to take advantage of existing infrastructure.

In addition, demographic trends have been encouraging greater medium and high density dwelling demand across metropolitan Melbourne. As concerns have emerged about excess stock in the central city area, developer interest has increasingly shifted towards opportunities in Melbourne's middle and outer ring suburbs. With this trend expected to continue, what are the prospects for this market?

Medium and High Density Dwellings in Melbourne Suburbs 2005 to 2010 is BIS Shrapnel's inaugural study into higher density development in Melbourne's suburban areas. It provides an understanding of the main demographic drivers of demand for medium and high density dwellings, splitting Melbourne up into 12 defined suburban regions and highlights the "hot spots" for new supply and prices.


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The study provides individual analysis of the following twelve Melbourne Statistical Subdivisions (SSD's) and amalgamations of SSD's:

  • Inner Melbourne
  • Western Melbourne
  • Moreland
  • Northern Middle Melbourne
  • Boroondara
  • Eastern Middle Melbourne
  • Southern Melbourne
  • Melton-Wyndham
  • Northern Outer Melbourne
  • Eastern Outer Melbourne
  • South Eastern Outer Melbourne
  • Peninsula

The study considers both medium and high density dwelling types, with medium density defined as semi-detached, terraces and townhouses, and high density consisting of flats, units and apartments.

The study forecasts:

  • Total Melbourne underlying demand split into separate houses, medium density and high density dwellings;
  • annual other dwelling approvals to 2010 by SSD, split into medium and high density dwellings;
  • medium unit price growth by SSD to 2010
 Price:
Price on application

Contact:

Angie Zigomanis

PH: +61 3 9614 0011