Up to 14 sites covering a total of 2.2 hectares are set to be sold off by the Victorian Government in a push to boost development and add to state revenue.
The sites, all in Footscray, are considered surplus to existing public needs and have a total land value of over $50 million in today’s market.
A booming property market combined with a blue chip location only 5km from Melbourne’s CBD makes for keen interest from medium and high density developers looking to capitalise on a young, professional demographic.
