Infrastructure and Local Insights
The North East continues to thrive as an idyllic family destination, with investment in road and rail infrastructure and a program of parks and recreation regeneration set to further boost property market performance and liveability.
Major transport projects will soon transform the way people live and commute in the North East, reducing congestion and enhancing connectivity across the region.
Victoria’s largest ever road project, North East Link, will significantly reduce travel times to the city and take 15,000 trucks off local roads each day when it opens in 2027.
The project is also responsible for upgrading many local parks and amenities in the area, such as Ford Park in Bellfield, Binnak Park in Watsonia North, and the Koornung Creek reserve in Bulleen.
Plans are taking shape for the Hurstbridge Line redevelopment, which will duplicate around 3km of track between new stations at Greensborough and Montmorency, and 1.5km between Diamond Creek and Wattle Glen. When completed next year, the duplication will improve reliability and enable trains every seven minutes from Greensborough, and every 10 minutes from Montmorency and Eltham in the morning peak.
The $11 billion Metro Tunnel will cut up to 10 minutes off rail journeys to Parkville and around five minutes to St Kilda Rd, with a new underground station proposed at Heidelberg as part of the $50 billion Suburban Rail Loop.
Construction on a new residential development at the Bellfield Project will start in 2022, further revitalising the former Banksia La Trobe Secondary College site. The council has already started its impressive $11.70 million community hub, which will be home to a range of services, plus a community garden and a social enterprise cafe.
Nillumbik Council has finished the first stage of the Diamond Valley Trail extension. When complete, the 55km trail will run from Hurstbridge to the CBD, linking with the Main Yarra Trail at Eltham.
The Fitzsimons Lane intersection upgrade is now underway, which will help relieve traffic congestion when completed in August 2022.
Schools in the North East continue to draw buyers and strong competition, with homes in sought-after government zones attracting premiums. Macleod College, Charles La Trobe P-12 College, Viewbank College, Thornbury High School and Ivanhoe Grammar have all undertaken recent major redevelopments, adding to the strong educational choices available in the region.
The North East’s enduring appeal to families will also be intensified with major community sporting facility upgrades. Diamond Creek Netball Courts will be resurfaced and upgraded as part of a $2.16 million investment, while $1.6 million will be spent improving the Eltham Lower Park front oval, Bridge Street Reserve, Hurstbridge East Oval, Diamond Hills Reserve in Greensborough, and the Diamond Creek Netball Courts.
This strong infrastructure and development investment continues to drive fresh interest and demand in the North East, ensuring the local property market is perfectly placed for continued growth.
© Jellis Craig 2021