IMAGINEERING INVESTMENTS THAT MAKE A DIFFERENCE

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RockBank

A rare opportunity is being offered to participate in the ownership of the approved Rockbank North Town Centre site, located within one of Victoria’s major growth corridors.

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Project Details

A rare opportunity is being offered to participate in the ownership of the approved Rockbank North Town Centre site, located within one of Victoria’s major growth corridors.

RockBank Project

Our vision is to create a new, inspirational identity for Rockbank North. We will create a precinct where people want to visit, work, play and stay.

The Rockbank North Town Centre site is located near the intersection of Leakes Road and Beattys Road. Leakes Road will be a major north-south traffic route through the region and currently extends from north of the Melton Highway through to the Western Freeway and beyond in the south. Beattys Road is an east-west thoroughfare, and extends from the Western Freeway in the west through to the urban area Melbourne in the east (via Taylors Road).

The Rockbank North Town Centre site is designated as a future Activity Centre in the Rockbank North Precinct Structure Plan (PSP), which was approved by the Minister for Planning in June 2012. The Rockbank North PSP states that the shop floorspace cannot exceed 36,500 sq.m at the Rockbank North Town Centre site without a planning permit. The Rockbank North Town Centre is the only designated Activity Centre located north of the Western Freeway and west of the future Outer Metropolitan Ring Road. It is estimated (as further detailed in Section 2 of this report) that this area has the capacity to accommodate nearly 90,000 residents in the longer term.

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The development of the Rockbank North Town Centre is guided by the Rockbank North PSP, which outlines the retail, employment, education, recreation, entertainment, health and civic vision for the town centre.

Project Details

Rockbank is a major urban growth area located within the Western Melbourne Growth Corridor. The Western Melbourne Growth Corridor, as outlined in Plan Melbourne, encompasses the municipalities of Brimbank, Hobsons Bay, Melton, Moonee Valley and Wyndham. The Corridor is estimated to experience growth in the order of 380,000 - 480,000 people over the period to 2031, which would see the area grow to a population of 1.1 – 1.2 million, according to Plan Melbourne.

The locality of Rockbank is situated within the City of Melton, approximately 34 km north-west of the Melbourne CBD. The development of Rockbank and the surrounding region has resulted in residential growth occurring to the west of Caroline Springs, and this growth will eventually link the urban area of Melbourne with the satellite town of Melton to the west. Population growth in the City of Melton is estimated to increase from over 5,000 per annum between 2011 and 2016 to over 10,000 per annum between 2026 and 2031, based on the Victoria In Future 2016 population projections (prepared by the Department Environment, Land, Water and Planning).

Population growth within the Rockbank District, which includes the suburbs of Rockbank, Melton South (Toolern), Brookfield, Eynesbury and part of Mount Cottrell (Mt Atkinson), is estimated to increase from 1,700 per annum between 2011 and 2016 to almost 6,000 per annum between 2026 and 2031, which will account for around 60% of the total population growth within the municipality from 2026 – 2031.

The Rockbank growth area is easily accessible from the existing urban area of Melbourne via the Western Freeway/ Ballarat Road, which extends from Melbourne via Melton to Ballarat in the west. In the longer term, accessibility to the region will be further enhanced with the development of the Outer Metropolitan Ring Road, which is proposed to eventually extend north-south through to the Western Melbourne Growth Corridor. Map 1.2 illustrates the local context of the subject site, including the significant amount of land planned for future residential development in the Melway local and location surrounding of Rockbank.