Infrastructure & local insights

Moonee Valley continues to flourish, with significant investments in major transport, sporting, school and recreation facilities elevating liveability and family allure in this highly sought after region.

Generational public transport infrastructure projects are reshaping the landscape of the region, with a focus on improving connectivity, bolstering economic growth and reducing car dependency in the region.

Work continues on the $12 billion Metro Tunnel project from South Kensington to South Yarra with construction and excavation now underway. When it opens in 2025, the tunnel will ease congestion across the region and dramatically enhance accessibility to the CBD.

Work has begun on Pace Development Group’s flagship Darley project. The 14-storey tower at the Flemington Racecourse precinct is the first residential development at the site in its 182-year history. Featuring a racing-inspired horseshoe design by acclaimed architects ARM Architecture, the development will provide stunning views over the racecourse. Sales at the Epsom Road development have been strong, with more than 60 per cent of the 313 apartments on offer already snapped up.

Meanwhile, the $2 billion residential development at Moonee Valley Racecourse reached a major milestone earlier this year with the arrival of the first residents. When complete, the development will include 2000 dwellings, cafes, shops and 20 hectares of parkland. The racecourse has also been given the green light for a massive redevelopment complemented by bar and dining venues, a gym and day spa. Construction will start in 2025, and when complete in mid-2027, 50,000 additional visitors are expected to inject $1 million annually into the local economy.

About 30 hectares of land next to Essendon Airport’s runways has been earmarked for an industrial business park as part of a long-term vision to transform Essendon Fields into a dynamic commercial, residential and recreational hub.

Ryman Healthcare has acquired Lionsville Retirement Village, with plans to build a $165 million, state-of-the-art retirement village at the 1.8-hectare site on the corner of Moreland and Pascoe Vale Roads, Essendon.

Schools across the region have benefited from significant investment in recent years and this trend looks set to continue. Strathmore North Primary School capacity will increase by 100 students thanks to a $6.6 million expansion that will be finished by the end of the year. A new kindergarten has opened at Essendon Keilor College, including a dedicated maternal and child health centre and outdoor learning space, and Moonee Ponds West Primary School’s early learning centre will get $7.6 million for new classrooms and a library.

The council has allocated millions in its 2023–34 budget to improve local parks, roads and community facilities in the area. Strathmore’s Lebanon Reserve is in line for a $2.6 million overhaul, $1.5 million will be spent on improvements at Rosehill Park, and the Keilor Road streetscape will get a $2 million boost. Ascot Vale Library will also be redeveloped to provide more space for creative programs and community events.

This substantial investment in transport infrastructure, together with a raft of major school, sports and community facility upgrades, continues to spur market performance and fuel the region’s status as an in-demand destination.

UP NEXT

Infrastructure & local insights

Moonee Valley & Surrounds in numbers

Enter your details to download

The Report has been emailed to your account.

There was an error processing your submission