Having won the ‘World’s Most Liveable City’ title for six years, Melbourne is now aiming to become one of the greenest cities in the world. Due to the city’s liveability score, a great deal of new property development opportunities had opened up within and around Melbourne. Those who are interested in real estate investing Melbourne have many great opportunities with the current commercial and residential development options available.
Some of the most prominent buildings in the CBD were recently upgraded with solar panels. In fact, Melbourne is soon going to be the home of the first ever Tesla-powered town in the world. Here are some of the most exciting green development projects in Melbourne.
Translating to ‘the invincible sun’, Sol Invictus is a proposed skyscraper with 60 floors and en exterior entirely covered in solar cells. The designers of this building intend to create a structure that produces energy to fulfill all of its consumption needs. The solar power will provide energy for 520 apartments within Sol Invictus.
World’s first Tesla Town
This is an upcoming mini suburb that is going to be built in Alphington. Each of the homes in the town will feature solar panels, points for charging electric cars and Tesla Powerwalls. Named YarraBend, the mini suburb will be constructed on the former site of the Alphington Paper Mill. Located just 6.5km from the CBD, the 16 hectares of YarraBend features 300 metres of beautiful Yarra River frontage. Each home will have solar power technology and are expected to reduce landfill by 80%, water usage by 43% and energy consumption by 34%. Free refueling will be provided for electric cars. Homes are priced from $1.5 – 2.5 million.
101 Collins Street
This is one of the most well-known corporate buildings in the city. The building’s 4.0 star Nabers Energy Rating in 2012 was achieved by installing 180 solar panels on its mast. This is Australia’s highest commercial solar panel system. Each year, the panels will generate around 50,000kW/h electricity and reduce greenhouse gas emissions by up to 67 tonnes.
Hero Apartments, Russel Street
This is another green development featuring 200 solar panels installed on the building. Not only will the solar panels help residents save money but they will also aid to cut emissions. It is expected that the panels will decrease greenhouse gas emissions annually, by 66 tonnes.