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$9 billion worth of airspace is set to be unlocked. Melbourne’s suburbs could be home to more skyscrapers, with developers potentially given licence to exceed building height and design limits on apartments if they include elements such as affordable housing or open space in their projects. The Victorian government is moving to include a “value capture framework” in planning controls for 10 suburbs across Melbourne where an extra 60,000 high- and medium-density homes are expected to be built. The government has set new height limits in 10 “activity centres” ranging between 10 and 20 storeys in the development core and between three and six storeys in areas within 800 metres of the activity centres. Draft planning controls seen by The Age suggest developers could be given the green light to exceed those limits if they are willing to pay for or build extra amenities deemed to benefit the public. The document says the list of public benefits a developer could provide or pay for includes: “Affordable housing, including social housing; a positive contribution to the public realm; provision of, or funding for, public open space; delivery of local movement networks and associated infrastructure.” Suburbs included in the initial housing intensification program include Camberwell, Preston, Chadstone, Epping, Ringwood, Moorabbin, Broadmeadows, Frankston, Essendon North and Niddrie. The Allan government has flagged extending the pilot to other activity centres around Melbourne as it chases a grand target of 1.8 million new homes by 2051. Click for the full article behind the paywall.

Airspace Real Estate - Unlock New Heights in Property Investment Join us and stay informed. #airspace

Exciting news—federal and state governments are exploring rooftop and airspace development as part of their sustainable housing plans, similar to what’s been done overseas to help provide more homes. We’ve pushed for new rooftop homes to be fast-tracked through a simple complying development, using just half the roof space—like granny flats, but for city rooftops. We've launched a membership database with the government seeking proof of interest in airspace development before the upcoming election. Now's the time to join! Could you list your interest in airspace development or get involved if you're in the property industry? Don’t forget to include your profession! It’s free, and our members will receive priority government updates. Buy Airspace is Australia’s first dedicated platform for Airspace Real Estate, where you can explore rooftops for sale or rent. #airspace

Look at this beauty!  #COOGEE: Rooftop Home Above an Existing Strata Block The owners plan to subdivide and sell the rooftop space to fund building repairs and rejuvenation. This is a fantastic opportunity to create a unique home in one of Coogee's prime locations. Check out more at https://lnkd.in/gt7SJsvt

Hi Airspace Team, I hope you had a good weekend! Rooftop and airspace development is gaining momentum, with both state and federal governments considering adopting our industry as part of their sustainable housing programs. The key to unlocking over $450 billion in airspace lies in allowing new rooftop homes to be considered a complying development application, like granny flats, streamlining the approval process and easing the burden on the council planning system. We've created a dedicated membership platform to help establish and grow the rooftop and airspace industry. This space will allow us to share industry contacts, zoning updates, and news and advertise available rooftop airspace for sale or rent. With 90% of airspace sales happening off-market, this membership offers you exclusive access to prime opportunities, including homeowners who may be looking to capitalise on their airspace and advertise on this site. We’re allowing our subscription members to join this platform before opening it up to the broader market. It’s FREE for now. Keep up to date with the Airspace Real Estate market. https://lnkd.in/gi26RgTy

BONDI Beach x 3 new rooftop homes and rejuvenation Rooftop and airspace development is gaining popularity. #airspace

We need to think beyond traditional building methods. We need a cost-effective, sustainable solution that can be implemented quickly, using fewer materials and labour, and situated near transport hubs without requiring demolition or getting owners to sell out and move. A solution that meets complying development criteria, bypasses the planning system, is factory-built, and includes solar panels with battery storage. A solution gaining popularity and successfully implemented overseas. Rooftop and Airspace Development Did you know we can build half of the homes we need above existing urban buildings, which will generate funds for repair and rejuvenation? WIN-WIN

Rooftop & Airspace Real Estate, valued at $400 billion and deliver 500,000 new homes. I’m pleased to have the opportunity to meet with Senator Andrew Bragg to discuss the potential of Rooftop and Airspace Development. To expand our urban housing, we must consider building up above our existing buildings to fund their repair and rejuvenation. Renew, Rebuild, Recycle. New opportunities in rooftop Airspace Real Estate offer a promising solution and aligns with the circular economy. ♻️

BONDI Beach New rooftop level and rejuvenation Well done, Team!

BRAND NEW BONDI Beach New rooftop level and rejuvenation https://lnkd.in/g6bKpRZa Well done, Team!