Building Rush Threatens Yarra: Mayor

The Yarra River rises in the Great Dividing Range of south central Victoria, flowing west past the towns of Warburton and Warrandyte, until it cuts through Melbourne, where it empties into Hobsons Bay. The upper course contains scenic areas, with woodlands, dairy farms, and vineyards. The Upper Yarra Dam holds back a reservoir that supplies Melbourne with water. The river's lower reaches were formerly swampy, but they have been reclaimed and now contain Melbourne's docks …

…commercial development on the former knitting mills site behind the Trenerry Crescent. Director Davis Moody said the renewal of the rivers industrial estate was and exiting part of the town's future. The area is definitely undergoing a renewal process ... it's because of the water. State and regional development minister John Brumby said the Government had worked closely with the GE for more than 12 months to ensure the new financial services centre would be in Victoria.