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Development Sites in Melbourne from Development Ready

22 Ashton Street, Reservoir, VIC, 3073

  • Development Approved: 2 Large Townhouses
  • Id: #13726
  • Contact Agent
  • Contract: Sale
  • Location: RESERVOIR, VIC 3073
  • Area: 534 m2 (*approx)
  • Type: Residential - Townhouse Sites
  • Auction: 9 February 1:00pm
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139 Tyler Street, Preston, VIC, 3072

  • Development Potential: Residential Development Opportunity (STCA)
  • Id: #13725
  • Contact Agent
  • Contract: Sale
  • Location: PRESTON, VIC 3072
  • Area: 560 m2 (*approx)
  • Type: Residential - Townhouse Sites
  • For Sale: Contact Agent
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126 Albert Street, Preston, VIC, 3072

  • Development Approved: 3 Townhouses
  • Id: #13724
  • Contact Agent
  • Contract: Sale
  • Location: PRESTON, VIC 3072
  • Area: 504 m2 (*approx)
  • Type: Residential - Townhouse Sites
  • Auction: 16 February 10:00am
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14 Laurie Street, Newport, VIC, 3015

  • Development Approved: 2 Spacious Homes
  • Id: #12472
  • Contact Agent
  • Contract: Sale
  • Location: NEWPORT, VIC 3015
  • Area: 703 m2 (*approx)
  • Type: Residential - Townhouse Sites
  • Auction: Sat 1 Dec at 3:30pm
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30 Relowe Crescent, Balwyn, VIC, 3103

  • Development Potential: Allow up to four dwellings (STCA)
  • Id: #13692
  • Contact Agent
  • Contract: Sale
  • Location: BALWYN, VIC 3103
  • Area: 1170 m2 (*approx)
  • Type: Residential - Townhouse Sites
  • For Sale: by Fixed date: Mon 18th Feb 6pm
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1 Sefton Street, Pascoe Vale, VIC, 3044

  • Development Approved: 2 Side by Side Dwellings
  • Id: #13681
  • Contact Agent
  • Contract: Sale
  • Location: PASCOE VALE, VIC 3044
  • Area: 557 m2 (*approx)
  • Type: Residential - Townhouse Sites
  • $ 1,090,000
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47 Grimshaw Street, Greensborough, VIC, 3088

  • Development Approved: Mixed-use development (Alternative townhouse & mixed-use schemes available)
  • Id: #12888
  • Contact Agent
  • Contract: Sale
  • Location: GREENSBOROUGH, VIC 3088
  • Area: 920 m2 (*approx)
  • Type: Residential - Apartment Sites, Townhouse Sites, Mixed Use
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27 Scott Street, Dandenong, VIC, 3175

  • Development Approved: 112 units + retail
  • Id: #13384
  • Contact Agent
  • Contract: Sale
  • Location: DANDENONG, VIC 3175
  • Area: 1329 m2 (*approx)
  • Type: Residential - Apartment Sites, Mixed Use
  • For Sale: Contact Agent
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5 Henry Street, Doncaster, VIC, 3108

  • Development Potential: Suitable for Residential or Childcare development (STCA)
  • Id: #12427
  • Contact Agent
  • Contract: Sale
  • Location: DONCASTER, VIC 3108
  • Area: 1987 m2 (*approx)
  • Type: Commercial - Child Care, Residential - Apartment Sites, Townhouse Sites
  • Private Sale
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58 Millswyn Avenue, HAMPTON PARK, VIC 3976

  • Development Approved: 4 townhouses
  • Id: #13468
  • Contact Agent
  • Contract: Sale
  • Location: HAMPTON PARK, VIC 3976
  • Area: 1165 m2 (*approx)
  • Type: Residential - Townhouse Sites
  • $ 850,000 - $899,000: $
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534 Camberwell Road, Camberwell, VIC, 3124

  • Development Approved: 8 striking apartments
  • Id: #12659
  • Contact Agent
  • Contract: Sale
  • Location: CAMBERWELL, VIC 3124
  • Area: 365 m2 (*approx)
  • Type: Residential - Apartment Sites
  • Private Sale: Contact Agent
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22 Smythe Avenue, Mont Albert, VIC, 3127

  • Development Approved: for an outstanding prestige residence
  • Id: #13604
  • Contact Agent
  • Contract: Sale
  • Location: MONT ALBERT, VIC 3127
  • Area: 1055 m2 (*approx)
  • Type: Residential - Townhouse Sites, Greenfield / Land Site
  • Auction: 16th February 2019 12:00pm
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Obtaining Development Sites

What is a development site?

A development site encompasses a range of property types, including raw land, improved land, or land with existing buildings situated on it - regardless of the type of configuration of the land, value can be added through subdivision, demolition, remodeling, land banking or construction of real property.

How to find development sites?

Choosing the most suitable development site or area to develop your property is critical to the overall success of your property. The number one component in any development site should always be market research.

Typically, developers look for one or more of the following:

  • Future council or government approval for redevelopment
  • Strong future growth potential in property values
  • Growing population including young families or downsizers, depending on the project
  • An abundance of infrastructure including transport, schools, shopping centres, sporting clubs, open spaces and the like
  • Strong levels of local employment

Why should I buy a property with development approval?

Property developers and investors purchase sites with existing council approval in order to avoid lengthy delays and uncertainty - a process aptly entitled risk mitigation or minimisation. Purchasers are generally willing to pay over market value for these sorts of properties given the ability for immediate construction activity and pre-sales marketing to occur.

How much do development approved sites cost?

Obtaining development approval can greatly appreciate the value of land. Costs of development sites vary heavily from location, size, potential yield and resales.

Where should I buy a property development site?

Australian development sites are experiencing unprecedented demand from both local and international investors, yet finding these lucrative properties can be a challenging experience for both buyers. By visiting developmentready.com.au, buyers are able to browse through hundreds of development projects from across Australia within an intuitive, single interface designed from the ground up.

Which areas are popular for property development in Melbourne and Across Victoria?

Based on our recent website statistics these suburbs are the most popular Doncaster East, Doncaster, Abbotsford, Brunswick, Hawthorn, Kew, Coburg, Camberwell, Glen Iris, Box Hill, Melbourne, Ringwood, Balwyn, Preston, Richmond, Coburg North, Ascot Vale, Croydon, St Kilda, Fitzroy, Altona, Brunswick East, Mount Waverley, Reservoir, Port Melbourne, Carnegie, Burwood, Boronia, Mckinnon, Kew East, Berwick, Frankston, Yarraville, Eltham, Hawthorn East, Ashwood, Dandenong, Blackburn South, Ringwood East, Epping

Is Commercial or Residential Property Development better?

Like most investments, there are pro’s & con’s for investing in both commercial or residential properties.


Whilst commercial property investment often boasts a higher return on investment, there is also a higher risk of vacancy.


In residential property development, there is typically a reasonable to strong level of demand depending on the economic climate, however there also exists greater competition within the market for each project, meaning buyers have a range of projects to choose from when considering their next purchase.