Ivanhoe’s Urban Landscape Transforms with Multiple Major Housing Projects in 2025

Multiple Development Projects Reshape Ivanhoe

Development Victoria is making significant progress on transforming the old water tank site in Ivanhoe into a thriving residential community, with plans to deliver approximately 275 much-needed homes to the area.

Located just 9km from Melbourne’s CBD, the development site is strategically positioned near existing schools, hospitals, jobs, and transport. The project has been progressing in consultation with Banyule City Council and the Ivanhoe community, following its 2018 rezoning for residential use.

Sustainable and Community-Focused Development

The development will include a significant affordable housing component, with 10% of units designated as affordable housing. Additionally, the project will feature a new 2,000-square-meter park, designed to provide community spaces and play areas for residents.

In a separate development, VMCH has received ministerial planning approval for its newest premium retirement living precinct, St Francis on the Park, in Ivanhoe East. This project, following more than two years of planning and community engagement, will deliver 58 premium apartments with world-class amenities and sweeping views, with direct access to Ivanhoe Park.

Meeting Growing Community Needs

The developments address a growing demographic need, as the population of residents over 65 in Ivanhoe and surrounds is projected to increase from 29,000 to 34,035 by 2032. This aligns with the state government’s Ageing Well in Victoria Action Plan 2022–2026, which emphasizes the importance of allowing older people to age in place within their local neighbourhood.

These developments are considered particularly significant as they not only provide housing for older residents but also help free up existing housing stock for young families struggling to enter the housing market, creating what experts describe as ‘a win for the community.’