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Overview
Located in the heart of Moonee Ponds, this sizeable 2,478 square metre land site presents a significant development opportunity within the Moonee Valley Activity Centre Zone (ACZ1). Positioned opposite the Moonee Valley Racecourse and mere metres from the bustling Moonee Ponds Junction, the site’s prime location ensures excellent connectivity and visibility.
The expansive frontage of over 141 metres across Dean Street, Alexandra Avenue, and Feehan Avenue offers flexible design options for a landmark high-density project, subject to council approval. The site is ideal for build-to-rent (BTR), build-to-sell (BTS), hotel, or co-living developments, reflecting contemporary residential and lifestyle trends in this transforming precinct.
This precinct is currently undergoing a major $2 billion transformation into a premium residential and entertainment hub, enhancing the appeal and potential value of developments here. Proximity to diverse retail and dining venues, including the Puckle Street retail village and nearby shopping centres, supports a vibrant urban lifestyle. Public transport is readily accessible with tram services adjacent and the Moonee Ponds Train Station just 640 metres away, providing excellent connectivity options.
The opportunity is particularly suited for developers and investors targeting city-fringe growth locations with strategic development potential within a dynamic community that is experiencing ongoing demographic growth and urban renewal.
Local Market Insights
In Moonee Ponds, Quiet Listings observed 3 new parcels of land entering the market over the last 30 days, with an average advertised asking price of $5,250,000. The property type mix of listed properties is predominantly Apartments at 33%, followed by houses (33%), and townhouses (15%). Nelson Alexander was the most active agency in this area, representing 20.8% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Moonee Ponds VIC 3039
Market Insights for Moonee Ponds VIC 3039
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
