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Part B: Regional Summaries and Directions

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Part B: Regional Summaries and Directions Department of Environment, Land, Water and Planning PART B: REGIONAL SUMMARIES AND DIRECTIONS Melbourne Industrial and Commercial Land Use Plan 38 Department of Environment, Land, Water and Planning Inner Metro Region Regional snapshot The Central City is the city’s highest order centre and also supports key sporting, cultural, tourism and The Inner Metro Region comprises the municipalities leisure precincts and public institutions. The of Melbourne, Port Phillip and Yarra. The region economic strengths of the Central City are includes the Melbourne CBD and major urban supported by two national employment and renewal precincts including Docklands, Fishermans innovation clusters (NEICs). The first located at Bend, Arden, Macaulay, Dynon and the Flinders Parkville is focussed on health, education, research, Street Station to Richmond Station corridor. These professional and technical industries. The second is precincts will play a key role in the further evolution Fishermans Bend with a strong specialisation in of central Melbourne as a destination to live, work, innovation, design and manufacturing. These NEICs visit and invest. will provide for 21st century jobs adjacent to the CBD. The areas from Richmond to Docklands through the The business service sector is the largest contributor Central City and Southbank, include the sporting to the economy for the region, with a total value- precincts of the Melbourne Cricket Ground and added estimate at around $72.8 billion. Melbourne Park, the Arts Precinct, Melbourne Manufacturing and industrial is the next largest Aquarium, museums and other key destinations for contributor with a total value-added estimate at local, interstate and international visitors. The region around $14.9 billion. Combined, these sectors is home to many sites of environmental significance account for around 78 per cent of the total value- including the Yarra and Maribyrnong Rivers and Port add for the region. Phillip Bay. The extensive open space areas in the region are integral to Melbourne’s liveability. Fast facts People Jobs Economy Population in 2006: Jobs in 2006: GRP for the region 242,603 492,950 $117b Population in 2016: Jobs in 2016: 347,617... 682,800... Share of metropolitan that's that's Melbourne’s total GRP: 39% 43% more jobs 35% more people Melbourne ↑65,942 Melbourne ↑156,300 Melbourne = $90.5 billion Port Phillip ↑18,986 Port Phillip ↑8,700 Port Phillip = $13.6 billion Yarra ↑20,086 Yarra ↑24,850 Yarra = $13.1 billion Source: Department of Environment, Land, Water and Planning, unpublished data (2019) 39 Melbourne Industrial and Commercial Land Use Plan Department of Environment, Land, Water and Planning The region was home to around 347,600 people in 2016. By 2031 it is projected that the region will grow by 191,700 people to a total population of around 539,300. The municipality of Melbourne will experience the strongest population growth over this period. In 2016 the region supported 682,800 jobs accounting for around 30 per cent of all employment in metropolitan Melbourne. By 2031 it is projected that approximately 280,000 additional jobs will be located across the region. Approximately 70 per cent of new jobs in the region are expected to be within the municipality of Melbourne. The industries that are expected to experience the strongest growth are: professional, scientific and technical services; health care and social assistance; financial and insurance services; public administration and safety; Education and training. Figure 11: Projected population growth, Inner Metro Region, 2016 to 2031 No. of persons 300,000 250,000 200,000 150,000 100,000 50,000 0 Melbourne Port Phillip Yarra 2016 2031 Source: Department of Environment, Land, Water and Planning, Victoria in Future 2019 (July 2019). Melbourne Industrial and Commercial Land Use Plan 40 Department of Environment, Land, Water and Planning Figure 12: Projected employment growth, Inner Metro Region, 2016 to 2031 +195K Melbourne +43K Yarra jobs jobs Key industries Key industries Professional scientific and Health care and technical services, social assistance, Financial and Professional scientific and insurance services, technical services, Health care and Retail trade, social assistance, Accommodation and Public administration and safety, food services, Education and training. Education and training. Jobs growth Jobs growth 0 0 2.5%pa 2.7%pa +42K Port Phillip jobs Key industries Professional scientific and technical services, Health care and social assistance, Accommodation and food services, Financial and insurance services, Construction. 0 Jobs growth 2.8%pa Industry Community Business Retail, accommodation, Construction Manufacturing and industrial Primary services services food and other Source: Department of Jobs, Precincts and Regions, internal analysis (2019) NOTE: Job figures have been rounded to the nearest thousand. Key industrial and commercial areas precinct to become internationally renowned as a centre of innovation in advanced manufacturing, The Central City incorporates the CBD (Hoddle grid, engineering and design, building on the presence of north to Grattan Street between Peel and Swanston the University of Melbourne at the former General Streets) as well as Docklands, Southbank and Motors Holden site and significant investment in St Kilda Road. It is home to the largest concentration public transport. It is anticipated that there will be up of jobs across the city and is metropolitan to 40,000 jobs in this precinct by 2050. The Melbourne’s principal centre for commerce, Framework also envisages significant opportunity professional, business and financial services. It for increased commercial floorspace and jobs in the will continue to be the key location for business mixed-use precincts, particularly in the Sandridge services offering a range of office, retail and tourism. precinct. These mixed-use precincts will transition Increasingly these areas are becoming locations for away from industrial uses and it is projected that housing. St Kilda Road is a significant mixed-use 40,000 jobs will be provided across the mixed-use and commercial area that transverses the City of precincts, potentially creating a total of 80,000 jobs Melbourne and City of Port Phillip. It comprises in Fishermans Bend by 2050. large concentrations of existing offices and accommodation and will be further enhanced The Parkville NEIC has a range of education, with the proposed Anzac Station as part of the research, health, professional and technical Melbourne Metro rail project. industries as well as significant parkland. It is an established, internationally renowned research Fishermans Bend NEIC has direct access to West centre, particularly in biomedical sciences, on the Gate Freeway and CityLink and is strategically doorstep of the CBD. It comprises a range of located, adjacent to the Port of Melbourne, the CBD institutions including the University of Melbourne, and Docklands. The employment precinct is Monash University (Faculty of Pharmacy and currently home to approximately 13,000 jobs. The Pharmaceutical Sciences), RMIT University, Royal Fishermans Bend Framework outlines a vision for the Melbourne Hospital, Doherty Institute, the Victorian 41 Melbourne Industrial and Commercial Land Use Plan Department of Environment, Land, Water and Planning Comprehensive Cancer Centre, the Walter and Eliza The Gipps Street precinct in Collingwood is home to Hall Institute of Medical Research, the Florey Institute creative sectors such as architecture and design, and the Commonwealth Serum Laboratories. The software and interface design and visual arts. cluster has a high level of public transport access, Council strategies support commercial office with tram routes via Swanston and Elizabeth Streets. conversions, small office complexes, light industry Accessibility will be improved with the establishment and office warehouse developments in the area. of a new, state-of-the-art train station at Parkville as part of the Metro Tunnel project. The Cremorne precinct is strategically located adjacent to CityLink and Richmond Station and is Arden and Macaulay located in Kensington and emerging as one of Melbourne’s premier North Melbourne have been identified as major destinations for creative design, particularly tech urban renewal areas which have the potential to and digital design. It is an area that has experienced transition away from traditional industries to new a transition from manufacturing uses to more areas for knowledge-based employment, extending contemporary uses such as small creative industry from the Central City to the Parkville NEIC. The Arden firms as well as large web-based companies. It is area will be further enhanced by a new train station home to global companies as well as small to as part of the Metro Tunnel project. A number of sites medium sized firms, start-ups and co-working have been rezoned from industrial to mixed-use. spaces. The Victorian Planning Authority is currently Arden Central will provide an extension of the working with the City of Yarra to support Cremorne’s Parkville Biomedical Precinct, providing an estimated continued growth as a thriving enterprise precinct. 34,000 jobs and 15,000 residents (Arden Vision, July 2018). The area around Macaulay provides The South Melbourne Central Business Precinct in opportunity to create a mid-rise, mixed use the City of Port Phillip offers a mixture of service neighbourhood with sustainable transport, new open industries and showrooms, offices and warehouses. spaces
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