property
Altona North Developers Launch Townhome Projects on Blackshaws Road
Construction starts and completed sales point to more attached housing options on Blackshaws Road.
How we reported this
Mirvac has commenced construction on The Fabric, a $350 million masterplanned community in Altona North that will deliver 500 townhomes with an estimated completion in early 2028. The project adds to several other developments already active or completed along Blackshaws Road.
The Fabric Project
The Fabric marks a large-scale addition of townhomes to the Altona North area. Mirvac’s start of works follows the Victorian Government’s release of the Altona North Comprehensive Development Plan, which outlines capacity for 3,000 homes, 1,000 jobs and a new town centre on Blackshaws Road. The scale of the Mirvac site contributes directly to that precinct vision.
Alfie Project
Development Victoria’s Alfie project, a 127-townhouse medium-density development on Blackshaws Road that includes a 2000 sqm central park, is now completed and selling. Its finished status provides immediate stock for buyers seeking attached dwellings in the same corridor where The Fabric is rising.
Stockland Acquisition
Stockland purchased a 6.3-hectare Altona North site for $48 million to build 276 townhouses, with construction planned to start in three years. The purchase price and timeline add another layer of future supply on the same road network already hosting Mirvac and Development Victoria activity.
Approval Trends
Altona has averaged approximately 107 new dwelling approvals per year over the past five years, with 70% of new activity being attached dwellings like townhomes. These figures align with the current pipeline of projects that emphasise townhouses rather than detached homes.
The combination of a started $350 million site, a completed 127-unit project now on the market, a $48 million land purchase and the overarching precinct plan indicates developers are responding to sustained demand for attached housing. Buyers can track listings through the individual project websites listed in the sources below as further stages are released.
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.