Bundoora Commercial Indicators Track Investment Flows Through Approvals Data

Bundoora recorded $46.1 million in commercial approvals for FY26, according to City of Whittlesea records. That total lines up with a 13,330-square-metre site on Plenty Road that carries permits for more than 1,000 square metres of commercial space.

Project scale and job creation

MAB Corporation is advancing its $1 billion University Hill mixed-use development at the Plenty Road and Metropolitan Ring Road intersection. The project is projected to create more than 3,500 jobs once complete. Separate work at the former Larundel Hospital site includes the $500 million Polaris 3083 hub, now 80 percent residentially complete with a new town centre, retail complex and over 1,100 dwellings.

La Trobe University’s 235-hectare campus is also under a $5 billion master plan to create a University City with housing for 15,000 residents and facilities for 40,000 students. The City of Whittlesea endorsed rezoning at the former McKimmies Road quarry for roughly 730 new homes that include affordable and social housing components.

Employment and innovation anchors

Additional activity includes the $23 million Digital and Bio Innovation Hubs at La Trobe, which can house up to 10 start-ups and generate 170 jobs. The Rio Tinto Technical Development Centre operates adjacent to the university as a long-term technical facility. A separate $10 million-plus site at 1091 Plenty Road is listed with permits for 361 apartments and more than 1,000 square metres of commercial and retail space.

Over the past five years the suburb has averaged 75 new dwelling approvals annually. These numbers sit against the backdrop of the $1 billion University Hill scheme and the $500 million Polaris 3083 hub, both already under construction.

Developers and the City of Whittlesea will next track how the endorsed McKimmies Road rezoning and the Plenty Road commercial site move through final approvals and construction stages.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.