What Development Victoria does

Development Victoria is the Victorian Government's statutory property development authority, established on 1 April 2017 under the Development Victoria Act 2003 through the merger of Places Victoria and Major Projects Victoria. It operates as a Public Non-Financial Corporation (PNFC) accountable to the Minister for Development Victoria and Precincts and the Treasurer, with a Board chaired by Angela Skandarajah (since December 2024) and led operationally by CEO Anne Jolic (since April 2025). The organisation delivers residential communities, urban renewal precincts, and civic infrastructure across metropolitan and regional Victoria, holding a portfolio of 70+ projects.

The core operating scope is split across three integrated product lines. Residential communities — Aurora (Victoria's first master-planned 6-star energy efficient community), LUMA Sunshine North (with integrated sonnenBatterie solar storage), Riverwalk Werribee, Habitas, and emerging projects such as Ovata, Olearia Morwell and the Geelong south-west housing development — are delivered through direct sales and partnered developers, with priority access offered to affordable housing eligible households earning under $154,410 per year. Urban renewal precincts include Docklands (with Lendlease), Fitzroy Gasworks, Fishermans Bend Innovation Precinct, and Central Dandenong, blending residential, commercial, and public uses. Civic Infrastructure encompasses state-shaping projects such as the $1.7 billion Melbourne Arts Precinct Transformation, the Geelong Arts Centre, the Nyaal Banyul Geelong Convention and Event Centre, the Bendigo GovHub, the Albert Park Pit Building, and a multi-state Regional Sports Infrastructure Program, with the division managing a capital delivery program in excess of $3 billion.

The revenue model combines one-time residential and commercial property sales with government-funded capital works delivery and large-scale urban renewal partnerships. Technology capability is anchored in sustainability engineering rather than software: water-sensitive urban design, passive solar design, 6-star energy ratings, LEED Gold certification (Melbourne Park), EnviroDevelopment certification (Riverwalk), organisational carbon neutral certification (2020), and a target for carbon neutral developments by 2030. The principal customer segments are the Victorian Government (anchor buyer of civic infrastructure) and individual residential buyers, with a policy-mandated affordable housing allocation of at least 10% of homes per project and recorded outcomes of 34% affordable and 28% first-home-buyer sales in FY2023-24.

Name

Development Victoria

Legal name

Development Victoria

Website

https://development.vic.gov.au

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Development Victoria is the Victorian Government's statutory property development authority, delivering residential communities, urban renewal precincts, and civic infrastructure projects — including the $1.7B Melbourne Arts Precinct and a $3B+ capital program — across metropolitan and regional Victoria.

Ownership category

akta.pro rank

Product category

Property Development and Urban Renewal

NAICS

Administration of Housing Programs, Urban Planning, and Community Development (925), Administration of Housing Programs, Urban Planning, and Community Development (9251), Administration of Urban Planning and Community and Rural Development (92512)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Housing Development, Construction & Rehabilitation Programs (BPAIANAB)

akta.pro secondary industries

State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM), Government & Civic Building Construction (Courthouses, City Halls, Public Safety) (IMAFACAF), Urban Planning & Master Planning (BPAHAKAD), Retail & Mixed-Use Commercial Construction (IMAFACAB), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Property development
• Urban renewal
• Civic infrastructure
• Affordable housing
• Residential communities

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Property Development and Sales: Residential and commercial property development and sales across Victoria, including land sales, housing developments, and mixed-use precincts
2. Government-Funded Capital Works: Delivery of civic infrastructure projects funded by Victorian Government including sports facilities, arts precincts, convention centres, and public buildings
3. Urban Renewal Projects: Large-scale urban renewal precincts delivered in partnership with government and private sector, stimulating economic activity and creating jobs

Go-to-market motion3 records

Distribution channels3 records

Marketing channels9 records

Core offering

Development Victoria is the Victorian Government's statutory property development agency that delivers residential communities, urban renewal precincts, and civic infrastructure projects across Victoria. It develops and sells master-planned residential communities, mixed-use precincts, and delivers large-scale civic buildings such as arts centres, sports facilities, and convention venues in partnership with government and private sector.

Product overview

Development Victoria is the Victorian Government's property development agency that creates places for people through diverse residential communities, civic infrastructure, and large-scale urban renewal precincts. The company operates a portfolio of interconnected development projects spanning housing subdivisions (Aurora, LUMA Sunshine North, Riverwalk, Olio, Coomoora), urban renewal precincts (Docklands, Fitzroy Gasworks, Fishermans Bend, Central Dandenong), and civic buildings (Melbourne Arts Precinct, Geelong Arts Centre, Nyaal Banyul Convention Centre, Bendigo GovHub, sports facilities). Sustainability is embedded across all developments through water-sensitive urban design, solar energy systems, LEED certification, and carbon neutral commitments. The company also administers an affordable housing program offering priority access to homes for eligible households earning under $154,410 annually.

Differentiator

Problem solved

Functional benefit

Products and services

• Aurora Victoria's first master-planned 6-star energy efficient residential community in Epping, featuring water sensitive urban design, passive solar design, solar hot water systems, and third pipe recycled water infrastructure. Targeted at residential home buyers.
• Docklands Large-scale urban renewal project transforming Melbourne's Docklands area into a vibrant mixed-use precinct with residential, commercial, and public spaces, delivered in partnership with Lendlease.
• Fitzroy Gasworks Redevelopment of the former Fitzroy gasworks site into an urban village with new homes, sports centre, open space, and community facilities.
• LUMA Sunshine North Sustainable residential townhouse development where every home features solar panels and sonnenBatterie storage to reduce carbon footprint and energy bills. New homes announced January 2026.
• Melbourne Arts Precinct Transformation AUD $1.7 billion transformation of Melbourne's arts precinct including NGV Contemporary gallery, new urban garden, and public spaces for the Victorian Government and arts community.
• Geelong Arts Centre AUD $140 million redevelopment of Geelong's major regional arts centre, Australia's biggest regional arts centre.
• Nyaal Banyul Geelong Convention and Event Centre Landmark convention and event centre in Geelong supporting conference, exhibition, and community event facilities. Opened in June 2026 and won the Industry Collaboration Award in 2024.
• State Basketball Centre Redevelopment of the State Basketball Centre delivering new soccer facilities and contemporary sporting infrastructure.
• Riverwalk Werribee Master-planned residential community on 197 hectares along the Werribee River featuring sustainability initiatives, wetlands, and community facilities. Achieved EnviroDevelopment certification in 2018.
• Fishermans Bend Innovation Precinct Urban renewal project creating an innovation and employment hub in the Fishermans Bend area of Melbourne.
• Revitalising Central Dandenong Urban renewal initiative boosting commercial, residential, retail, medical, education services, and public open spaces in Dandenong.
• Galkangu Bendigo GovHub New government hub in Bendigo consolidating government offices and services with Dja Dja Wurrung design elements.
• Affordable Housing Program Program offering at least 10% of homes to households earning under AUD $154,410 per year, with priority access before open market release for eligible buyers. 34% of homes completed in 2023-2024 were sold to affordable housing eligible buyers.

Quantifiable outcome

• 34% of homes sold to affordable housing eligible buyers and 28% to first home buyers in 2023-24
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core, major and supporting.

• Victorian GovernmentcoreStrategic or Co-development Partner · 1 April 2017Established as statutory authority under Development Victoria Act 2003, merging Places Victoria and Major Projects Victoria. Primary government agency for property development and urban renewal delivering government policy outcomes.
• Traditional Owner GroupscoreStrategic or Co-development PartnerDevelopment Victoria works with Traditional Owner groups on whose Country they work, following Innovate Reconciliation Action Plan and commitments to Treaty with First Peoples in Victoria.
• LendleasemajorStrategic or Co-development PartnerLendlease continues to shape Docklands developments in partnership with Development Victoria.
• Melbourne WatermajorStrategic or Co-development PartnerJoint venture partner for Dandenong LOGIS eco-industrial business park on 154 hectares of remediated land.
• Green Building Council of AustraliasupportingStrategic or Co-development PartnerPartnered for alignment on carbon neutral developments target of 2030 and green building certification standards.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Cedar Woods Properties: ASX-listed Australian residential developer focused on masterplanned communities. Comparable to Development Victoria's residential development portfolio at a smaller private-sector scale.

Broad incumbents

• Grocon: Australian private property developer with track record in large-scale mixed-use and civic projects. Comparable on civic infrastructure delivery but operates as a private-sector incumbent without statutory mandate.
• Mirvac: Large ASX-listed Australian residential and commercial developer with active presence in masterplanned communities and urban renewal. Comparable in residential product and sustainability positioning but operates as a broad private-sector incumbent.
• Stockland: ASX-listed diversified property developer with significant residential masterplanned community portfolio in Australia. Comparable to Development Victoria's greenfield residential communities (e.g. Aurora, Riverwalk) but operates as a broad private-sector incumbent.
• Lendlease: Australia-headquartered global property and infrastructure developer and JV partner of Development Victoria on Docklands. Overlapping capabilities in residential, precincts, and civic infrastructure but operates as a broad diversified incumbent rather than a state-mandated specialist.
• Cbus Property: Australian developer of commercial, residential, and mixed-use precincts. Comparable on urban renewal and precinct-scale development; overlaps with Development Victoria's Civic Infrastructure and Precincts portfolios.

Direct peers

• Landcom: NSW Government's statutory land and property development corporation. Closest direct peer in terms of mandate, scale, and structure — government-owned developer delivering residential, mixed-use, and urban renewal projects within a single Australian state.
• Homes Victoria: Victorian Government agency responsible for social and affordable housing policy and investment. Directly comparable as the policy counterpart to Development Victoria's affordable housing program and shares the same state-level mandate.
• Urban Renewal NSW: NSW Government agency delivering large-scale urban renewal precincts. Directly comparable to Development Victoria's precinct mandate (Docklands, Fitzroy Gasworks, Fishermans Bend) on a like-for-like jurisdictional basis.

Regional players

• Queensland Government Development Authority (Economic Development Queensland): Queensland state government agency coordinating large-scale precinct and community development. Operates as a regional-government peer with a similar statutory mandate but in a different Australian jurisdiction.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/DevelopmentVic
• YouTubeyoutube.com/user/MajorProjectsVic/featured
• Facebookfacebook.com/developmentvic
• LinkedInau.linkedin.com/company/developmentvictoria
• Instagraminstagram.com/developmentvic

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Development Victoria