Current development activity is tracking ahead of short-term estimates of dwelling delivery in Fishermans Bend, and is also tracking ahead of projected estimates in Montague and Wirraway.
There is currently almost $9 billion pipeline of private sector property development in the Fishermans Bend Urban Renewal Area that includes over 16,300 new homes, representing 44 per cent of the housing growth target to support 80,000 people.
This development pipeline also includes commercial floor space to accommodate approximately 12,500 new additional permanent jobs (representing 31 per cent of the 40,000 job growth target for the mixed-use Urban Renewal precincts). This is in addition to the estimated total 29,000 workers employed in the area now, including in the Employment and Innovation Area.
As at June 2026:
- Approximately 4,700 homes have been delivered or are under construction (approximately 3,500 dwellings delivered, and approximately 1,200 dwellings being built now). Updated growth estimates prepared by DTP following the 2021 ABS Census, estimated that, by 2026, just under 4,000 dwellings would be delivered across Fishermans Bend.
- Development activity is focussed in Montague and Wirraway neighbourhoods, and is tracking ahead of original 2018 projections in the Framework for those areas, with 3,183 homes delivered or under construction (compared to 2,450 projected) in Montague, and 743 dwellings delivered (compared to 360 projected) in Wirraway.
- Residential development in Montague has largely taken the form of higher-density apartments, while development in Wirraway is predominantly medium-density townhouses.
The current total pipeline includes 770 social and affordable housing units, with 120 of these built or under construction. There is also strong build-to-rent activity with 2,285 homes to be available exclusively for renters in the current active pipeline.
Alongside new residential development, Fishermans Bend is now host to three new schools;
- South Melbourne Primary School
- STEAM- focused Port Melbourne Secondary College
- Narrarrang Primary School.
In the Employment and Innovation Area, Government is also delivering enabling works for Stage 1 of the Fishermans Bend Innovation Precinct in the Employment and Innovation Area, and has approved a 2.1 billion artificial intelligence factory to support job creation and innovation in the precinct.
Summary of development by sub-Precinct - June 2026
| Precinct | Number of developments | Construction value | Construction jobs | Commercial Floor Area (sqm) | Permanent jobs | % of jobs target | Dwellings | % of dwellings target | Estimated residents | %of Population Target | Affordable housing | Social housing | Total social/affordable housing units | % of total dwellings |
| Montague | 36 | $ 2,457,555,000 | 4,915 | 118,340 | 3,945 | 98.62 | 5,913 | 57.35 | 12,831 | 55.31 | 236 | 42 | 278 | 4.70 |
| Sandridge | 8 | $ 2,124,400,000 | 4,249 | 99,129 | 3,304 | 12.71 | 3,626 | 26.40 | 7,868 | 28.93 | 166 | 14 | 180 | 4.96 |
| Wirraway | 13 | $ 1,105,800,000 | 2,169 | 45,493 | 1,516 | 37.91 | 2,069 | 30.33 | 4,490 | 25.51 | 79 | 0 | 79 | 3.82 |
| Lorrimer | 7 | $ 2,087,000,000 | 4,174 | 99,710 | 3,324 | 55.39 | 4,726 | 80.35 | 10,255 | 85.46 | 183 | 50 | 233 | 4.93 |
| FB EIA | 7 | $ 1,182,422,123 | 2,365 | 165,495 | 420 | 1.05 | 0 | 0.00 | 0 | 0.00 | 0.00 | 0 | 0 | 0 |
| TOTAL | 71 | $ 8,957,177,123 | 17,872 | 528,167 | 12,509 | 15.64 | 16,334 | 44.44 | 35,445 | 44,31 | 664 | 106 | 770 | 4.71 |
Summary of development by category - June 2026
| Pipeline category | Number of developments | Construction value | Construction jobs | Commercial Floor Area (sqm) | Permanent jobs | % of jobs target | Dwellings | % of dwellings target | Estimated residents | % of Population Target | Affordable housing | Social housing | Total social/affordable housing units | % of dwellings |
| Approved but not commenced | 27 | $ 5,422,688,449 | 10,845 | 394,898 | 8,6,24 | 10.78 | 9,118 | 24.81 | 19,786 | 24.73 | 322 | 41 | 363 | 3.98 |
| Under assessment | 7 | $ 1,606,962,000 | 3,171 | 62,833 | 2094 | 2.62 | 2,547 | 6.93 | 5,527 | 6.91 | 229 | 59 | 288 | 11.31 |
| Under construction | 5 | $ 363,250,000 | 727 | 3,736 | 125 | 0.16 | 1,172 | 3.19 | 2,543 | 3.18 | 41 | 0 | 41 | 3.50 |
| Constructed | 32 | $ 1,564,276,674 | 3,129 | 66,673 | 1,665 | 2.08 | 3,497 | 9.52 | 7,588 | 9.49 | 72 | 6 | 78 | 2.23 |
| Total | 71 | $ 8,957,177,123 | 17,872 | 528,167 | 12,509 | 15.64 | 16,334 | 44.44 | 35,445 | 44.31 | 664 | 106 | 770 | 4.71 |
Development map
Please email fishermansbend@transport.vic.gov.au with any questions about the map, the data presented or a specific development.
Updated