Melbourne's future liveability and the viability of the property development sector depends on the state government delivering on its much hyped "longest ever pipeline of new land for new homes" says KR Peters Director Peter Nicolls.

Mr Nicolls was among those who listened to the Planning Minister Sonya Kilkenny outline the plan to unlock a decade's worth of greenfield suburbs when she addressed the UDIA in November.

In her address Ms Kilkenny said the 10 year plan makes it clear to industry and the community exactly where future opportunities lie and the plan to deliver them.

Under the plan the government has identified 27 additional greenfield areas across Melbourne's south east, north and west so it can reach its target of 180,000 new homes over the next decade.

The first three greenfield plans set to be released in 2024-25 are the Northern Freight Precinct, an employment precinct in Whittlesea Council; Cardinia Creek South Part 2, a residential precinct in Cardinia Council and Kororoit Part 2, the western corridor within Melton Council adjacent to Caroline Springs.

"While we build more homes in established areas, we fully understand for so many families across Melbourne being able to buy a home in the outer suburbs is their ultimate  dream," Ms Kilkenny said.

She also touched on plans to integrate and streamline parts of the planning system and how the government will strike a balance between development in the outer suburbs and the inner city with a vision of 70 per cent of homes in Melbourne going in inner and established areas with 30 per cent going in outer-suburban areas.

Ms Kilkenny said a key part of the 10-year plan is the "horizon" it gives to home builders – they can see exactly where the opportunities lie for their sector.

In another key development, from 1 January 2025, the Victorian Planning Authority will be integrated with the Department of Transport and Planning. For the first time, the four major components of Victoria’s planning system – strategic, transport, statutory and spatial – will be working together to cut delays and duplication and deliver faster and better structure planning.

The government will also offer a dedicated concierge service to work with councils and industry to "identify, intervene and fix the issues that are preventing zoned land from being developed".

Government will also review several existing greenfield PSPs that are not yet fully developed to understand opportunities for increasing the number and types of homes where there is sufficient planned infrastructure.

"This is a window ten years into the future for home builders like those represented by the Urban Development Institute of Australia- it's what they've been asking for to plan and build with confidence," Ms Kilkenny said.

Mr Nicolls said he hopes the government makes good on its planning promises, but is concerned developers will be asked to "dig into their pockets" and contribute even more funds for the plan to succeed.

"This is similar to what they told us five years ago and nothing happened," he said.

"It sounds like they are getting serious because they understand time is of the essence because in two years there is going to an election and housing is going to be a major issue.

"What I want them to do now is show me with their actions not their words."

Mr Nicolls said an orderly flow of Precinct Structure Plans (PSPs) as promised under the 10 year plan was "badly needed".

He said developers in Victoria were struggling with sluggish sales weighed down by high interest rates and increasing costs and compliance burdens.

"The government has put this plan on the table, they say they have the funds to do it. Now is the time for action.

"They did the Pakenham East PSP in record time. If they did that one in the past there is no reason why they can't do more and make this plan work."

He said the greenfields plan offered "a last hurrah of hope" to families struggling to get a foot on the property ladder and should stop the practice among some developers of releasing small parcels of land to the market in a bid to strategically keep demand high.

"If you make more supply available in theory it should ease prices. Buyers need choice and supply, especially in growing outer suburbs.

"I will be watching with interest to see what happens over the next 10 years."

To discuss the 10 year greenfields plan speak to the team at KR Peters  Officer 5943 1111 or Wantirna South 9800 0000.