Banyule LGA- North Eastern suburbs of Melbourne
The Banyule LGA is an attractive package of parks and green space along the Yarra River, major jobs nodes, good transport links and a positive future.
Heidelberg, Ivanhoe and Greensborough have each been named as major activity centres by the State Government with Heidelberg in particular to be targeted with investment funding.
The region’s medical precinct, already the largest employer in north-east Melbourne, is forecast to grow 4.1% per annum, the highest growth rate of any region in Melbourne.
The manufacturing and construction industries based at the Heidelberg West Industrial Precinct can expect to transition towards modernisation, adopting research and more advanced methods as part of their new structure.
Sales activity and property prices in this precinct have held up better than most in the recent Melbourne downturn. The long-term growth averages for median house prices in this precinct remain strong and vacancies are low, offering opportunities for those investors looking for long-term capital growth prospects.
This report covers the suburbs of Bellfield, Briar Hill, Eaglemont, Greensborough, Heidelberg, Heidelberg Hts, Heidelberg West, Ivanhoe, Ivanhoe East, Lower Plenty, Macleod, Montmorency, Rosanna, St Helena, Viewbank, Watsonia, Watsonia North and Yallambie.