Victoria's YarraBend development to drive local property prices

The development of the 2500 home project YarraBend combined with the new Chandler Highway bridge, will drive a boom in property prices according to developer Glenvill.

YarraBend has already sold over half of its first release of house and land packages with advertised prices for three to five bedroom homes starting at $1.48 million.

Len Warson, Glenvill chief executive offcer said access to the suburbs North of the Yarra has always been difficult due to the bottleneck at the Chandler Highway Bridge, however with its widening to six lanes, accessibility immediately increases and the entire area is given a boost.

“YarraBend will be new a new Northern gateway opening up a huge parcel of river front land to the public that was previously industrial and inaccessible. This can only have a positive effect on real estate prices in the area,” he said.

YarraBend will feature architecturally designed free hold homes, townhouses and apartments, a wellness center with indoor pool and sauna, gymnasium, indoor and outdoor gym equipment, playgrounds, parks, green rooftops, as well as outdoor seating and BBQs scattered throughout.