In February 2025, the Victorian Government unveiled the Plan for Victoria, a comprehensive long-term strategy addressing housing affordability, infrastructure, sustainability, and economic growth. While the plan presents opportunities, it also introduces heightened regulatory complexities, increasing both the time and cost of development—especially amidst rising construction costs and the normalization of interest rates.

To stay ahead, developers must embrace emerging technologies and generative design powered by AI and machine learning. These innovations are transforming real estate decision-making by optimizing feasibility studies, stabilizing pro forma models, and streamlining project approvals.