Massive Beveridge cattle farm hits market with $300m hopes for 4500 homes

A cattle farm at 630 and 710 Old Sydney Rd, Beveridge, has hit the market as a future home to 4500 residences. A suburb-sized farm bigger than Melbourne’s CBD has hit the market with expectations it could top $300m and become one of the city’s next major housing hubs. The Old Sydney Rd, Beveridge, property has been owned by the same farming family for decades, and spans a massive 295.7ha. It’s expected the plot that currently hosts a modest cattle grazing operation will ultimately become a new home site with scope for more than 4500 residences. MORE: Expert reveals blast risk for new 15,000-home Melbourne suburb New Melbourne mega-suburb gets development go-ahead National housing target falters as home approvals fall across Australia Core Land director Kane Malcomson would not discuss the expected price for the property located about 34km north of Melbourne’s CBD, but said it could become one of the largest broadhectare land transactions in Victorian history — and was the biggest to test the market in about eight years. Victorian government projections for the Beveridge South West Precinct Structure Plan that it is part of suggest it could be up and running in about five years for ...