fbpx

Market Insights

18.06.2019

GLEN WAVERLEY – THE GEOGRAPHIC CENTRE OF MELBOURNE

Glen Waverley is an affluent suburb located approximately 18 kilometres* south-east of Melbourne’s CBD and 45 minutes’ drive from Melbourne’s Tullamarine Airport. Glen Waverley is synonymous with Asian culture, with the area providing a higher than average population of residents of Asian descent, particularly Chinese, which is underpinned by access to elite education providers and major retail amenity.

Glen Waverley encompasses top performing public and private schools, excellent connectivity via multiple public transport options and direct access to the busiest major freeways in Victoria, Eastlink & the Monash Freeway.

The attributes which make Glen Waverley a desirable suburb for Chinese born residents include:

The proximity to high quality education facilities; Academic achievement is highly valued in Chinese culture, therefore Glen Waverley Secondary College, Deakin & Monash Universities act as a strong drawing factor for Asian migration due to the consistent strong performance of its graduating classes.

Excellent public transport; The highly connected suburb provides connectivity to the surrounding region via several bus lines & a major train station providing access to the Melbourne CBD within 30 minutes.

THE GLEN WAVERLEY ACTIVITY CENTRE

The Glen Waverley Activity Centre (GWAC) is a zone for which The City of Monash has developed a structure plan that outlines a plan for the growth and improvement of the area. Key principles of the structure plan include developing a 24/7 hub for employment, housing and the wider community. The council’s aim for Glen Waverley is to be recognised globally as a cosmopolitan satellite city.

PRECINCT OBJECTIVES

1. KINGSWAY
To strengthen Kingsway precinct as the heart of the GWAC providing great streets and public spaces and opportunities for living & working within the precinct.

2. MONTCLAIR
To create a mixed-use office and residential precinct with green and pedestrian friendly streets

3. TRANSIT INTERCHANGE
To create a highly active mixed-use precinct which integrates an efficient and high amenity public transport interchange with retail, housing and office mixed use developments

4. CIVIC
To enhance the Civic function of this precinct and provide a green anchor to the southern edge of the GWAC commercial area by developing a new public green will provide a place for people to gather and relax

5. THE GLEN
To better integrate the Glen with the commercial streets of the GWAC to create a “cross shop” effect with the wider zone.

6. SPRINGVALE ROAD
The eastern edge of Springvale Road strengthens the health role of the GWAC and accommodates high-quality offices, medical facilities and mixed-use options.

7. SURROUNDING RESIDENTIAL
The surrounding residential precinct provides a key role in supporting the growth of the centre by delivering a diverse range of housing that is in close proximity to shops and services, public transport and open space.

KINGSWAY – ONE OF AUSTRALIA’S PREMIER RETAIL & ENTERTAINMENT DESTINATIONS

Kingsway is one of the busiest stretches of retail shops and restaurants in Australia. The incredible level of activity and foot traffic is driven by the Glen Waverley Train Station and density of entertainment-based retail businesses in the area, Asian grocery stores, restaurants and multi-level gaming & arcade venues which combine to form the 24/7 retail trade area.

THE GLEN SHOPPING CENTRE – ONE OF MELBOURNE’S MAJOR REGIONAL SHOPPING CENTRES

‘The Glen’ is a major regional shopping centre approaching the end of a $500 million 5-stage redevelopment and expansion transformation. The decision by The Glen’s owner, Vicinity Centres – Australia’s second largest REIT – to invest so heavily into this catchment is testament to the Glen Waverley Activity Centre’s future prosperity. The redevelopment of the shopping centre and improved service offering will attract more people to the precinct in the longterm.

请关注我们的官方微信获得更多信息
Please scan the QR code and follow our WeChat channel for more information.
Click anywhere to close.