Brihony Boan

The Beveridge North West Precinct Structure Plan (PSP) was approved by the Minister for Planning and officially gazetted on 5 August 2025, as part of Amendment C158mith to the Mitchell Planning Scheme. The PSP outlines a comprehensive framework for developing approximately 1,279 hectares of land situated south of Wallan and northwest of Beveridge in Victoria. This is a welcome announcement to aid in the delivery of dwellings in the midst of Victoria’s housing crisis.

Last year the Victorian State Government announced ambitious housing targets, committing to delivering 800,000 dwellings in greater Melbourne over the next 10 years, plus 425,600 new homes for regional Victoria by 2051. Under increasing pressure to meet these targets, the Government has had a bumper week of housing-related announcements. The Gadens Real Estate & Construction Team have prepared a round-up of this week’s announcements below.

On Thursday 21 March 2024, the Victorian Government released its responses to the inquiries in relation to land transfer duty fees and apartment design standards. Key takeaways are provided below. Commercial and Industrial Property Tax The government in its response confirmed its commitment to abolish and replace stamp duty with the Commercial and Industrial Property Tax (CIPT) for commercial and industrial properties.