VIC North East Link

With the planned North East Link, which are the suburbs likely to gain or lose?

 

Greensborough, Watsonia, Macleod, Rosanna, viewbank, Yallambie and maybe montmorency. However, if they are close to the highway, tunnel, then it's a different story

 

No winners from the Eastern suburb?
Bulleen and Templestowe Lower are generally cheaper than surrounding - will it pick up some gains ?

Prices of houses besides the Eastern freeway (assuming that there will be additional lanes) will be dropping - freeway will now be even closer to their homes
E.g. Mont Albert North, Box Hill North, Balwyn North, Doncaster

 

They’ll all be loser for the next decade until it’s built. Who wants noise, pollution and construction destroying their local suburb? Plus uncertainty about what houses will be destroyed etc. Stay clear until it’s almost complete. Have a look at the suburbs surrounding WCX in Sydney.

 

Do you think eltham / eltham north will have any positive impact? Thanks

 

I think the nearest entry to the free way for Eltham would be the one on lower plenty road, bit of a distance. But I think overall would have a positive effect, not too familiar with Eltham though..

 

there will be additional lanes to Eastern Freeway

Will the pockets on either sides of the freeway be affected (drop in value), given that the freeway will now be nearer to their back / front yards

 

Wanted to continue this discussion regarding NE Link. I believe buying next to the region where surface work will take place, is probably not good. What about the region around the underground tunnel? Buying on or close to the tunnel, can experience noise and vibration I understand. However is it OK to buy within the project boundary? Please see the map (taken directly from NE Link website) below:



The section marked with bold red dots is the underground tunnel. However the project boundary is marked with thin red dots. Is it OK to buy within the boundary, but away from the tunnel?

Any help will be much appreciated.

Regards,
DU

 

They have not finalised the tunnel route yet so the map is indicative only. I do not think it is a good idea to buy a property in the area and few years later the tunnel will be built right underneath it or close.

 

True, it is indicative only. But can't change drastically I believe? Happy to be corrected.

When you say in the area , do you mean in an around the indicative tunnel area OR within the project boundary area?

Thanks
DU

 

Yes, I do not think it will change too much but who know. They said it need to be the most cost effective but also practical and safe route. I would say to avoid the current indicative route and nearby areas. I would not worry too much about the area near the boundary on Rosanna side. But the uncertainty about the route and the construction work will not have a positive impact on the house price imo.

 

Sorry?

They go had in hand.

The Western Suburbs and Bayswater are two of Melbourne biggest industrial hubs.


Not everyone lives 5 minutes from home, I work within an industry that use these two area's regularly and you would be surprised how and where people commute to work from.


By the same theory, the Burnley tunnel should be empty every afternoon, but for trucks, which isn't the case.

Remembering, by giving an alternative route for the East/West it will help clear the tunnel congestion, which in turn clears congestion which will help those that commute North/East and North/South (this will help me directly).