The Victorian Government wants to build 300,000 new homes by 2051 around 60 train and tram activity centres across Melbourne. It's a bold plan to tackle housing affordability by focusing development in established locations rather than pushing Melbourne's boundaries further outward.

But will it work – and what does it mean for property investors?

In this episode, Jarrod applies a SWOT analysis to the Activity Centres program to cut through the politics and assess what it really means on the ground.

• Why leveraging existing infrastructure makes sense – and where the logic breaks down
• The land scarcity problem and why density alone isn't the answer
• How the wrong product mix could leave new housing stock sitting empty
• The real threat to existing owners' equity and neighbourhood character

Learn more about Melbourne's activity centres in The Wakelin Melbourne Property Report 2026.

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