The Hon Matthew Guy MLC

Minister for Planning

Minister for Multicultural Affairs & Citizenship
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Media release


Thursday 26 June 2014

Melbournes ever changing skyline climbs further
upwards

Three new skyscrapers approved, with over $830 million investment
2,022 apartments to generate 5,800 construction jobs
Australias first 100 storey building approved and ready to go

Planning Minister Matthew Guy has approved three new skyscrapers in central Melbourne,
providing new homes for 4,000 people, and paving the way for 5,800 construction jobs.

The three projects, including Australia 108, will take considerable pressure off existing urban
areas by providing homes for thousands of people in central Melbourne. All three will be
within walking distance of rail, trams, jobs, entertainment and open space.

Melbourne is the worlds most liveable city. These new buildings will cater for those choosing
to live in our exciting, vibrant CBD area, which is fast on track to being the first truly 24 hour
city centre in Australia, Mr Guy said.

Importantly, central Melbourne is the right place for high density, high rise living. It has
fantastic services, culture, employment opportunities, excellent public transport access, and is
the most walkable city in the country. Building more apartments in the city takes population
pressure off quieter suburban areas.

The three projects incorporate important urban design features, including shops and cafes at
ground level street frontages, through block pedestrian links, striking architecture, and
resident amenities and facilities.

Australia 108 will be the first 100-storey building in the Southern Hemisphere. At a height of
319 metres above ground it fits within relevant aviation regulations, and will include 1,105
apartments. This includes a good mix of 1, 2 and 3 bedroom apartments that will bring
diverse household types into this central city location.

When completed Australia 108 will be the most striking building on Melbournes skyline and
a great example of the strength of homegrown Melbourne architecture.

A new apartment tower has been approved at 452 Elizabeth St, with 75 storeys (241 metres)
and 622 apartments. At this height it is just 10 metres shy of the Rialto tower and will include
three levels of communal resident facilities, ground floor retail, and will result in a total
investment of $150 million in the Victorian economy.

Also approved is a new tower at 84-90 Queensbridge St, Southbank, which will see a building
of 54 storeys (185 metres, similar to Collins Place) with 295 apartments, communal resident
facilities, ground floor retail and representing a total investment of $80 million in the Victorian
economy.
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Minister Guy said the approval of the new buildings was further evidence of the Victorian
Coalition Governments commitment to the states building industry.

Victoria has the strongest construction sector in Australia, and our planning system is geared
towards maintaining this economic advantage, Mr Guy said.

Since 2010, 54 per cent more homes have gained building approval in metropolitan
Melbourne than in Sydney, and 11 per cent more than the entire state of New South Wales.
By building more homes, we are ensuring we wont have the drastic and harmful housing
shortage Sydney is experiencing.



Greater Melbourne has had 187,111 homes approved since 2010, while Sydney had 121,322
and NSW in total had 168,429. Out of Melbournes total, 93,193 were medium and high
density homes, and 93,918 were detached homes.


Media contact: Daniel Parsons 0457 568 365 daniel.parsons@minstaff.vic.gov.au