First Major Development Site Within Melbourne's Revised UGB Hits The Market

AND so the first of many development sites within the recently extended Urban Growth Boundary has hit the market, in Tarneit.

The 64 hectare farm - once known as Shanahans House, and later Wyndham Park - is expected to sell for about $25 to $30 million, sources say, and attract interest from “local, national and international residential developers”.

Jones Lang LaSalle said two upcoming infrastructure projects – including a new Tarneit train stations, and the Outer Metropolitan Ring Road – will contribute to council’s ambitions to boost Tarneit’s population by more than 21,000 by 2020.

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Posted originally: 2010-08-11 08:46:00

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