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Development Sites in Melbourne from Development Ready

1-24/18 Stud Road, Dandenong Vic 3175

  • Development Approved: Superbly designed approved plans & permit for 24 units over 4 levels
  • Id: #6878
  • Contact Agent
  • Contract: Sale
  • Location: DANDENONG, VIC 3175
  • Area: 793 sqm (*approx)
  • Type: Residential
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275 Balaclava Road Caulfield North Vic 3161

  • Development Potential: Potential to subdivide or further development (STCA)
  • Id: #6877
  • Contact Agent
  • Contract: Sale
  • Location: CAULFIELD NORTH, VIC 3161
  • Area: 785 sqm (*approx)
  • Type: Residential
  • Auction
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37 Elphin Grove, Hawthorn, Vic 3122

  • Development Potential: Potential to sub-divide or redevelop (STCA)
  • Id: #6842
  • Contact Agent
  • Contract: Sale
  • Location: HAWTHORN, VIC 3122
  • Area: 640 sqm (*approx)
  • Type: Residential
  • Auction
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301 Carngham Road Ballarat Vic 3350

  • Development Potential: Ideally suited to future development (STCA)
  • Id: #6874
  • Contact Agent
  • Contract: Sale
  • Location: BALLARAT, VIC 3350
  • Area: 32.3 hectares (*approx)
  • Type: Residential
  • EOI
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286 Maroondah Highway, RINGWOOD, VIC 3134

  • Development Approved: Seven (7) townhouses
  • Id: #6870
  • Contact Agent
  • Contract: Sale
  • Location: RINGWOOD, VIC 3134
  • Area: 899 m2 (*approx)
  • Type: Residential
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129-143 Perry Road, KEYSBOROUGH, VIC 3173

  • Development Potential: Major townhouse site or 50 plus lot subdivision
  • Id: #6359
  • Contact Agent
  • Contract: Sale
  • Location: KEYSBOROUGH, VIC 3173
  • Area: 2.21 hectares (*approx)
  • Type: Residential
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1 & 2/3 Munro Street, Kew East, VIC 3102

  • Development Approved: Plans and permits for 3 new townhouses
  • Id: #6868
  • Contact Agent
  • Contract: Sale
  • Location: KEW EAST, VIC 3102
  • Area: 870 sqm (*approx)
  • Type: Residential
  • Auction
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9 Thomas Street Hampton VIC 3188

  • Development Approved: Three triple-storey townhouses
  • Id: #6866
  • Contact Agent
  • Contract: Sale
  • Location: HAMPTON EAST, VIC 3188
  • Area: 554
  • Type: Residential
  • Auction: Sat 20-May-17 10:30AM
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1 Camms Road Cranbourne Vic 3977

  • Development Approved: 3 Townhouses + shop
  • Id: #6862
  • Contact Agent
  • Contract: Sale
  • Location: CRANBOURNE, VIC 3977
  • Area: 254 sqm (*approx)
  • Type: Commercial, Residential
  • $ 370,000+
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2a Wallis Avenue, Glen Iris VIC 3146

  • Development Potential: New home design or utilize the current architecturally designed plan (STCA)
  • Id: #6859
  • Contact Agent
  • Contract: Sale
  • Location: GLEN IRIS, VIC 3146
  • Area: 505 sqm (*approx)
  • Type: Residential
  • POA
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2631 Rosedale-Longford Road, Longford, VIC 3851

  • Development Potential: STCA land suitable for 299 lot subdivision over 54 HA*
  • Id: #6858
  • Contact Agent
  • Contract: Sale
  • Location: LONGFORD, VIC 3851
  • Area: 54 hectares (*approx)
  • Type: Residential
  • EOI
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127-129 Kavanagh Street & 63-83 Kings Way, SOUTHBANK, VIC 3006

  • Development Approved: Landmark mixed-use project comprising 794 apartments plus retail
  • Id: #6856
  • Contact Agent
  • Contract: Sale
  • Location: SOUTHBANK, VIC 3006
  • Area: 3040 m2 (*approx)
  • Type: Commercial, Residential
  • EOI
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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 Victoria?

Australia’s best growth suburbs under:

VIC
  • Box Hill
  • Frankston
  • Bendigo
  • Geelong West
  • Malvern East
  • SA
  • Goodwood
  • North Adelaide
  • Port Lincoln
  • Mount Gambier
  • Plympton

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.