The District benefits from flexible planning and infrastructure that enables every development addition to be market relevant and precinct accretive.
The District’s scale allows for an additional 160,000 sqm of GFA over and above the 82,900sqm of existing infrastructure.
There is an immediate opportunity to create “District Living” -a two-staged, 940-unit development on the north-eastern edge of the precinct.
Residential densification of The District will create a self-perpetuating precinct, where the growing population drives the performance of the existing asset, which improves the amenity and drives the residential performance.
Following the completion of District Living, a further 74,000sqm of mixed-use GFA will remain available.
The District provides the opportunity for immediate platform scale in the BTR market at a time when capital and tenant demand for BTR product substantially outstrips supply
The District BTR Case
4,000
unit shortfall by 2027 in Greater Melbourne
19%+
rental premium achieved in existing Australia BTR over build to sell
64%
of Docklands residents are renters
31.8%
rental growth achieved in Docklands to June 2022
1.1%
vacancy rate in Docklands as at June 2022
BTR to Support Future Housing Demand in Central Melbourne
BTS
BTR
Required Supply
Housing Demand
Sources: Cordell, Developers, Local Council, Urbis Apartment Essentials
Docklands BTR Drivers
Employment
- 475,400 workers within the City of Melbourne
- 75,900 workers within Docklands
Docklands Studios
Education
- Department of Education training facility
- Endota Spa training facility
- Docklands Public School
Docklands Amenity
- Marvel Stadium
- O’Brien Icehouse
- Archie Bros
- Hoyts Cinema
- The District F&B Precinct
Connectivity
- Located within the free tram zone
- Public transport arriving every 2 minutes
- 5 minutes to Melbourne CBD
- 20 minute drive to Melbourne Airport
The District Difference
Amenity
CBD Style Amenity in an Urban Village Format
BTR Premiums
Amenity-rich precincts achieve premiums to standalone BTR projects
Product Mix Flexibility
Site scale and planning controls allow for a wider product mix
Highly Connected
Excellent accessibility across tram, road and rail networks
1,822 Units
Total potential BTR supply of The District
