Now you can live in a 'Tesla town'; for the right price

You too can live in a suburb from the future. A new development in Australia is offering home owners a solar panel setup including Tesla's home battery, the Powerwall, as something a little extra.

The YarraBend development is currently in the works for Melbourne, Australia. The 16.5 hectare (40.8 acre) site will become a new suburb to the northeast of the city centre, developed by Glenvill and Alpha Partners.

On its site, it bills itself as the world's first "Tesla suburb."

According to Fairfax Media, 60 homes in the development will have a standard inclusion of the Tesla Powerwall, inverters and solar panels. The green package won't come cheap, however. Homes will likely go for between A$1.48 million ($11.2 million) and A$2.1 million ($1.6 million). Read more...