Infrastructure
and Local Insights
Strong investment continues to spur property market performance across
Glen Eira, which has been long sought after for its superb location and outstanding local amenity.
Glen Eira continues to thrive as a major destination for new infrastructure and development, with a focus on rail projects, parks and recreation upgrades set to further boost liveability and amenity in the municipality.
Rail infrastructure remains a key focus of investment, with Glen Huntly next in line for a level crossing removal and new station. The boom gates will be removed in 2023, and the project is expected to be complete by 2024 and will significantly reduce congestion in the busy precinct.
A further $240 million package will allow more trains to run through the Caulfield Junction in preparation for the opening of the Metro Tunnel when peak hour services will stop at Caulfield every two minutes.
Schools in Glen Eira continue to drive price growth. A new campus opening at McKinnon Secondary College in 2022 has seen a surge in home prices in the expanded zone for the school. The state-of-the-art campus will be able to enrol up to 1,100 students.
Ongoing improvement to Glen Eira’s neighbourhood hubs is also furthering market performance. A $5 million council investment will see Bentleigh transformed as part of the Eat Street pedestrian mall project planned for south of Centre Road. The area will be re-imagined as public space that supports socialising, shopping, outdoor dining and community activities.
The Bentleigh Library and Youth Hub development is also underway, with the $6.2 million project expected to open in July next year. Murrumbeena Park will also have its own community hub, due for completion in May 2022, including a 140-seat function centre.
Sporting facilities are set for a raft of upgrades in the coming months and years.
A $51.8 million new Carnegie Swim Centre is expected to open in mid-2023 and include indoor and outdoor pools, a cafe, spa, sauna and steam rooms. Lord Reserve Pavilion will be updated with a $4.5 million investment to improve the existing sports facilities at the popular site, and Koornang Park Pavilion will also be upgraded.
The 25-hectare commercial and residential East Village planned for the southeast intersection of North and East Boundary roads is a step closer after the planning amendment was approved by the Minister in March. The former industrial area will be transitioned into a bustling jobs, open space and housing hub, with 3,000 dwellings, 4,500 new jobs, expanded commercial capabilities and a new school on South Drive.
Strong investment across Glen Eira continues to spur property market performance and further enhance the municipality, which has long been sought after for its location, convenience, outstanding local amenity and access to excellent schools.
© Jellis Craig 2021