Postcode 3000
Encyclopedia
Postcode 3000 was a planning policy for Melbourne
, Australia
coordinated by the City of Melbourne
and supported by the state government
, then under the newly elected Premier Jeff Kennett
(LIB) .
The policy, which began in 1992, was aimed at increasing residential development in the Melbourne city centre
including the central business district and St Kilda Road and was run through the mid to late 1990s.
The policy provided incentives for people living in the central area. Nonda Katsalidis
award winning design for Melbourne Terrace Apartments combined with a new desire for New York Loft Style living stimulated interest in consumers, and the first wave of lived in boutique apartments and trendy converted old buildings and warehouses. Subsequent waves of developments saw the conversion of unnocupied lower grade office buildings and construction of new apartment towers. The fruits of these efforts eventually spilled out into the neighbouring suburbs of Southbank
and Melbourne Docklands
and later Carlton
(in the form of university accommodation).
After implementation, the populations of these areas increased dramatically and produced 3000 new apartments before the end of the decade. The policy had the additional benefit of reducing total office occupancy and vacancy rates space (which were previously at their highest rates in decades), which in turn fuelled further construction in the commercial office space.
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
coordinated by the City of Melbourne
City of Melbourne
The City of Melbourne is a Local Government Area in Victoria, Australia, located in the central city area of Melbourne. The city has an area of 36 square kilometres and has an estimated population of 93,105 people. The city's motto is "Vires acquirit eundo" which means "She gathers strength as she...
and supported by the state government
Government of Victoria
The Government of Victoria, under the Constitution of Australia, ceded certain legislative and judicial powers to the Commonwealth, but retained complete independence in all other areas...
, then under the newly elected Premier Jeff Kennett
Jeff Kennett
Jeffrey Gibb Kennett AC , a former Australian politician, was the Premier of Victoria between 1992 and 1999. He is currently the President of Hawthorn Football Club. He is the founding Chairman of beyondblue, a national depression initiative.- Early life :Kennett was born in Melbourne on 2 March...
(LIB) .
The policy, which began in 1992, was aimed at increasing residential development in the Melbourne city centre
Melbourne city centre
Melbourne City Centre is an area of Melbourne in Victoria, Australia. It is not to be confused with the larger local government area of the City of Melbourne...
including the central business district and St Kilda Road and was run through the mid to late 1990s.
The policy provided incentives for people living in the central area. Nonda Katsalidis
Nonda Katsalidis
Nonda Katsalidis is an Australian architect.He is currently a practicing director of architecture firm Fender Katsalidis Architects in partnership with Karl Fender.-Life:Katsalidis migrated to Melbourne, Australia as a 5 year old...
award winning design for Melbourne Terrace Apartments combined with a new desire for New York Loft Style living stimulated interest in consumers, and the first wave of lived in boutique apartments and trendy converted old buildings and warehouses. Subsequent waves of developments saw the conversion of unnocupied lower grade office buildings and construction of new apartment towers. The fruits of these efforts eventually spilled out into the neighbouring suburbs of Southbank
Southbank, Victoria
Southbank is an inner city suburb of Melbourne, Victoria, Australia located direct south of the Yarra River opposite Melbourne's Hoddle Grid. The northernmost area is considered part of the Central Business District and Central Activities District of the city. Its Local Government Area are the...
and Melbourne Docklands
Melbourne Docklands
Docklands is an inner city suburb in Melbourne, Victoria, Australia occupying an area extending up to 2 km west of and adjacent to Melbourne's Central Business District . Its Local Government Area is the City of Melbourne...
and later Carlton
Carlton, Victoria
Carlton is an inner city suburb of Melbourne, Victoria, Australia, 2 km north from Melbourne's central business district. Its Local Government Area is the City of Melbourne...
(in the form of university accommodation).
After implementation, the populations of these areas increased dramatically and produced 3000 new apartments before the end of the decade. The policy had the additional benefit of reducing total office occupancy and vacancy rates space (which were previously at their highest rates in decades), which in turn fuelled further construction in the commercial office space.