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Creating a better Victoria

At Development Victoria, we’re passionate about making Victoria a great place to be. 

We create vibrant places across our state, through diverse and strategic property development and urban renewal projects. 

As the Victorian Government’s development arm, we revitalise iconic public buildings, create important cultural and recreational facilities and recycle public land, for all Victorians. 

We build great homes and communities where people and business can thrive, catering for different budgets, lifestyles and people.

As our cities and communities change and grow, we breathe new life into urban areas, unlock public land and create entire new precincts. We’re redeveloping city centres from Wodonga to Dandenong and creating office space for thousands of workers in Bendigo and Ballarat.

We revive well-loved public buildings and redevelop Victorian icons, so you can keep enjoying them for years to come – like Melbourne Park, Flinders Street Station and the State Library.

We work with industry leaders in design and construction to bring our projects to life, for the Victorian community. 

Our role

As a statutory corporation, we operate on behalf of the Victorian Government to deliver government policy through property development and urban renewal - achieving social and economic outcomes for the Victorian community.

We're guided by five policy pillars to:
  • deliver a diverse portfolio covering residential, commercial and public land and buildings 
  • develop precincts like Docklands, a long-term project for us, and areas like GMH Fishermans Bend and the revitilisation of Central Dandenong 
  • manage and advise on property development, including government declared projects
  • revitalise land and buildings – creating legacy projects that shape the future while celebrating the past
  • enhance environments and enrich communities in the areas we work in
  • create communities with diverse and affordable housing options that offer choice and opportunity for more Victorians
  • offer advisory services for government agencies to support social and economic capital works projects


We create affordable and diverse communities across Melbourne and Victoria, identifying opportunities and repurposing public land for new homes in places close to jobs, transport and services.

Our goal is to create vibrant places that enrich the local area with diverse, high-quality and affordable homes, outdoor spaces, and community facilities tailored to meet local needs.

We are committed to ensuring there are more options for people who want to buy or rent, helping to make home ownership and long-term rental possible for more Victorians.

Economic development

We revitalise major activity centres and urban precincts to stimulate economic activity and improve access to jobs.

We design and deliver projects that offer:

  • increased economic growth
  • job opportunities
  • use of local companies
  • commercial opportunities
  • improved workforce participation

Projects such as Revitalising Central Dandenong consist of commercial, residential, retail, medical and education services, and public open spaces.

Urban renewal

We have a strong track record of delivering urban renewal projects  that support the Victorian Government’s policies on population growth, housing affordability, environmental sustainability and economic development.

Urban renewal is land redevelopment that creates opportunities in under-utilised areas. This can involve rezoning land to improve an area’s amenity for jobs, investment and housing, as well as transport and infrastructure needs.
We’re currently leading large multi-stage urban renewal projects across Victoria, such as DocklandsGMH Fishermans Bend, Junction Place in Wodonga and Revitalising Central Dandenong.

Value creation and capture

The Value Creation and Capture Framework was developed by the Victorian Government to ensure that all building infrastructure creates a greater public value.

It promotes a consistent approach to increasing the economic, social and environmental benefits of all investments across a variety of sectors in Victoria.

This means when building infrastructure or developing precincts, we consider how to:

  • build green spaces to increase public amenity
  • grow community services, housing and education opportunities
  • create more value for the community

For example, the Melbourne Park Redevelopment contributes over $350 million to the Victorian economy annually, with world-class events like the Australian Open.

Social and economic infrastructure

We're leading projects to create cultural, recreational and civic facilities that enrich our communities. Economic benefits are realised by designing infrastructure projects that create future commercial and job opportunities, as well as using local companies and expertise to deliver these projects.

The benefits of this policy include:

  • increased affordable housing
  • access to jobs and facilities
  • public safety
  • recreational infrastructure, including bike paths and parks
  • connectivity 
  • commercial opportunities
  • improved workforce participation

A proven track-record

In 2016, the Victorian Government property development (Places Victoria) and civic projects delivery activities (Major Projects Victoria) were consolidated into a new single entity.

As a result, Development Victoria was established on 1 April 2017.

We have a proud history of creating thriving residential communities across Melbourne and are continuing to plan and deliver more across Victoria

We're able to leverage a long and proven history of project delivery including renewal of some of Victoria's most iconic buildings such as Flinders Street Station and the State Library, as well as innovative urban renewal precincts like GMH Fishermans Bend and Junction Place Wodonga

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Updated on 26 May 2023