The commercial and residential landscape is flourishing, driven by a surge in high- and mid-rise luxury developments. This trend shows no signs of abating, with a steady stream of projects in the pipeline. On St Kilda Road, the 79-apartment 333 StK development and the impressive 244-apartment Park Quarter complex will open next year, while the 78-apartment Fareham is due for completion in late 2026.

A $179.4 million Victorian Government investment will kickstart Australia’s largest urban renewal project, the Fishermans Bend Innovation Precinct. The former General Motors Holden (GMH) site is earmarked to become a global innovation hub for advanced manufacturing, engineering and design. Early work is underway to install crucial infrastructure, services and roads in a 32-hectare parcel of the 491-hectare precinct. By 2051, the entire area will be home to a thriving community of 80,000 residents, supporting up to 80,000 jobs across five precincts.