Reid Developments Pty Ltd

5th April 2026 - Planning News Update

What are 🚇 Suburban Rail Loop (SRL) Precincts and what does that mean for you???

Suburban Rail Loop (SRL) and its key Activity Centres — are Melbourne’s Next Development Hotspots!!

👉 These are Melbourne’s most aggressively upzoned development areas

📍 Key SRL East Centres (first rollout)

Cheltenham
Clayton (Monash Uni / hospital super-precinct)
Monash
Glen Waverley
Burwood
Box Hill ⭐ (largest and most advanced)

👉 These locations are seeing the strongest planning changes first

🧠 What being in the “pink zone” actually means

It represents:

🏗️ Government-controlled planning

Planning is shifting:
➡️ Away from local councils
➡️ Toward State Government control

Delivered through:

- SRL Precinct Structure Plans (PSPs)
- Activity Centre Zone reforms
- Development Facilitation Program (DFP)

👉 Less council friction. Faster, top-down approvals.

📏 What can be built (this is the real opportunity)

Within approx. 400m–800m of each station:

0–200m from station

- High-rise apartments (10–20+ storeys)
- Mixed-use developments

200–400m

- Mid-rise apartments (6–10 storeys)

400–800m

- Townhouses / low-rise apartments
- Dual occupancy

💰 Why this matters

Many of these areas today are:

- 1–2 storey homes
- Low-density commercial

👉 But zoning is shifting to allow significantly higher density

This creates massive embedded land value uplift

The SRL “pink zones” are:
✔️ Government-backed growth corridors
✔️ High-density, transport-led precincts
✔️ Some of the best development opportunities in Melbourne right now

But the key isn’t just the location…
👉 It’s understanding what your site can become.

Have a property in one of these locations?
DM to understand what this may mean for you!

27th Nov 2024 - BREAKING PROPERTY NEWS!!

The Federal Government's "HELP to BUY" bill, which targets low- and middle-income earners trying to get onto the property ladder, has been PASSED into law by parliament TODAY.

The Government will give buyers taking part in the scheme an "Equity contribution" of up to 40 per cent of the cost of a new home or 30 per cent of existing homes!!

This is expected to have a huge impact on buyers ability to purchase a home and likely stimulate the market.

The question is, will our housing supply
meet the demand, with many people now being in a position to buy?

The federal government's Help to Buy scheme is coming and this is how you can take part Some first home buyers could find their way into the market sooner under a new federal government scheme. Here's what to know.

Property Update 9th December 2022

Continued growth in Regional Victoria, and expected growth prior to the Commonwealth games, including increased rental growth and demand due to infrastructure improvement for hosting of the games.

Regional Victoria Markets Continue To Show Strength, Resilience For several years now, regional markets have been out-performing capital city markets on buyer demand and price growth.According to the data from many differ...

Property Update 3oth Sept 2022

Great news for QLD property investors, the changes to QLD land tax have been scraped...

AFR.."Ms Palaszczuk said the land tax change required the “goodwill of other states” to work.

NSW Liberal Premier Dominic Perrottet had said the state would refuse to cooperate with Queensland’s request to hand over property data, while other Labor states, including Victoria, were lukewarm in their response.""a spokesman for Mr Dick confirmed the land tax changes had been dumped."
https://www.afr.com/politics/palaszczuk-scraps-controversial-qld-land-tax-change-20220930-p5bm82

Palaszczuk scraps controversial Qld land tax change Queensland Premier Annastacia Palaszczuk has stepped in and scrapped the state’s new controversial multi-jurisdictional land tax, which was designed to slug investors for owning properties interstate.