MAJOR PROJECTS / MELBOURNE
10 stories
Biggest development projects in Melbourne
The largest project by stated value in our Melbourne coverage is Aura at $800m (project cost), reported 29 Oct 2026 citing ArchitectureAU. This page ranks the 10 Melbourne projects we have reported with a stated dollar value, biggest first.
| # | Project | Stated value | Our story |
|---|---|---|---|
| 1 | Aura | $800mproject cost | OSK Property's $800m Aura tower rises at Melbourne Square, Southbank29 Oct, citing ArchitectureAU |
| 2 | SP Setia's $750m Carlton CUB plan: 606 units, 2,009 student beds | $750mestimated project cost | SP Setia's $750m Carlton CUB plan: 606 units, 2,009 student beds13 Oct, citing City of Melbourne |
| 3 | Shepparton North battery energy storage system | $500mproject cost | Yeyurringal Energy's $500m Shepparton battery enters approval stage31 Oct, citing Shepparton News |
| 4 | Salta tops out $500m Riverline build-to-rent in Richmond | $500mexpected end value | Salta tops out $500m Riverline build-to-rent in Richmond13 Oct, citing Real Estate Source |
| 5 | Parkers Grove, Shepparton | $205mproject value | Goldfields breaks ground on $205m, 650-lot Parkers Grove in Shepparton28 Oct, citing Victorian Planning Authority |
| 6 | Melbourne Central | $170minvestment | GPT starts $170m Melbourne Central makeover23 Oct, citing The GPT Group |
| 7 | The Brightly | $170mproject value | Goldfields starts $170m The Brightly build in Richmond14 Oct, citing Goldfields (media release, 13 October 2026) |
| 8 | The Gild | $131mdevelopment value | Fortis's $131m Gild development reaches level three in St Kilda29 Oct, citing Apartments.com.au |
| 9 | 235-239 Separation Street, Northcote | $100m+Development cost | Syzygy's $100m+ Northcote scheme approved for 256 apartments18 Oct, citing Darebin Planning Scheme Amendment C234dare |
| 10 | Ballarat's $26.9m CBD social housing project nears completion | $26.9mproject cost | Ballarat's $26.9m CBD social housing project nears completion18 Oct, citing The Courier (Ballarat) |
How this list is built
Each value is the figure stated in our story, attributed there to its source: a project value, cost or investment. Sale prices, loans and grants are left out, because they measure a deal rather than the size of a build. One row per project, using our latest story with a stated value. Projects we have not reported, or reported without a dollar figure, do not appear.