Lilydale Marketplace is a sub-regional shopping centre located in Lilydale, a suburb of Melbourne, Australia. Situated on Hutchinson Street near the Maroondah Highway, the centre serves the Yarra Ranges Shire and the wider Yarra Valley district. It is owned and managed by the Region Group (formerly SCA Property Group).
The centre comprises a gross lettable area (GLA) of , featuring three major anchor tenantsâÂÂWoolworths, Big W, and AldiâÂÂalongside over 55 specialty stores.
The site has long served as a commercial hub in Lilydale, which developed as a township in the 1860s and grew significantly following the arrival of the railway in 1882. On 6 March 1980, a permanent open-air market known as the "Lilydale Market" opened on the grounds.
In the late 1990s, property developer Stockland acquired the site and constructed the first enclosed shopping centre, which opened in 1999 anchored by a Safeway supermarket. Following Woolworths Limited's announcement in 2008 to unify its brands, the store was eventually rebranded as Woolworths.
In November 2004, the Allco Finance Group acquired the centre from the Fleming family for A$24 million. Following Allco's collapse during the Global Financial Crisis, ownership transferred to SCA Property Group (now Region Group) in 2012.
In 2012, the centre underwent a A$30 million expansion constructed by the Hacer Group, increasing floor space from to . The project added a Big W department store with a mezzanine, an Aldi supermarket, and basement parking.
Since the 2012 expansion, the tenancy mix has adapted to broader retail trends. Sanity closed in 2020,after they became an online shopping business. followed by the departure of ANZ (2023) and NAB (2024) branches.
In late 2024 and early 2025, the corporate collapse of Mosaic Brands resulted in the closure of several fashion outlets, including Rockmans, Millers, Noni B, Katies, and the mini-major tenant Rivers. These vacancies facilitated a reshuffling of store locations, including the relocation of Sharetea and the opening of Best & Less in October 2025.
In mid-2025, Woolworths upgraded its online fulfillment capabilities with an expanded "Direct to Boot" zone in the north-east at-grade car park, replacing approximately 20 parking spaces.
The centre features a "race-track" circuit layout promoting continuous foot traffic between anchors. It has a single retail level with three primary entry points:
The layout is anchored by three major retailers positioned at the perimeter
The centre houses 59 stores. In addition to the anchors and mini-majors The Reject Shop and Best & Less, notable tenants include Chemist Warehouse, Specsavers, Flight Centre and a Commonwealth Bank branch.
Approximately 1,100 spaces are available. Parking is split between two zones:
The centre is located 350 metres south-east of Lilydale railway station, the terminus of the Lilydale railway line. It is directly served by Bus Route 670 (Ringwood to Lilydale via Croydon), which stops on Hutchinson Street.
In 2020, a Man wielding a knife stormed into the centre, got into a standoff with police and was shot by police. He was given First aid and survived. It is because of this incident that all police officers are now equiped with tasers. This makes this shooting significant for the Victoria Police.
In 2022, a teenager got his finger stuck in a carboard crushing machine.
As a key retail hub in Lilydale, which is designated a "Major Activity Centre" by the Victorian Government. The Marketplace supports local employment and economic growth amid the suburb's population expansion. It serves a main trade area population of 54,942 residents with an average household income of A$112,468.