The new suburbs will be developed on 1,940 hectares of land between Caroline Springs and the emerging suburb of Aintree (at Rockbank North). They will create local jobs and make homes more affordable for young Victorians.
The new suburbs will be developed over more than 10 years, eventually becoming home to 20,000 dwellings and 14,000 jobs.
The planning framework allows for up to seven government schools in the future and three non-government schools. Additional bus routes are being planned that will connect the suburbs, as they grow, to key major centres such as Watergardens, Caroline Springs, St Albans and the Sunshine Hospital.
Fraser Rise and Deanside will be set alongside the picturesque Kororoit Creek, will feature 40 local parks, important conservation reserves and a network of carefully-designed pedestrian and cycle tracks.
A 100-hectare parcel of land is set aside for a business and commercial precinct adjacent to the Melton Highway to provide local employment. Local jobs mean less time commuting and more at home with family and friends, which is why plans are also in place for a bustling town centre and a series of smaller centres offering opportunities for small businesses and local retail.
Developers are giving back by helping fund community services and facilities that new residents need. Developers building Fraser Rise and Deanside will pay $195 million in Growth Area Infrastructure Contributions for schools, public transport and emergency service facilities. Another $395 million in developer contributions to the City of Melton will pay for local infrastructure and land acquisition to deliver community services such as children’s services, sporting facilities and arterial roads.
Supply is a key cornerstone of housing affordability, which is why the Victorian Government is rezoning 100,000 lots of land in key growth areas in two years – and speeding up the time is takes for land to be shovel ready.