Plans for the world's first "Tesla town" are underway. YarraBend, a suburb-to-be located just outside of Melbourne's city center, is under development by local property group Glenvill.

The world's first "Tesla town" is coming to Melbourne, Australia. Glenvill

The developers have already put the first 60 homes on the market. The eco-friendly abodes will have rooftop solar, Tesla's battery storage system, electric car recharging points and energy efficient lighting as standard design features.

"Tesla Powerwalls are being installed in Park Precinct premium homes at YarraBend as part of our sustainability plan. Powerwall is a home battery that charges using electricity generated from solar panels," Glevill wrote on an Instagram post. "Automated and safe, the Powerwall enables you to maximize household usage of solar power generation."

Elon Musk's game-changing suite of batteries for businesses, homes and utilities were designed to help wean the world off fossil fuels. The batteries store electricity generated from solar panels. (If everything goes to Musk's plan, the batteries will be charged with Tesla's own solar panels). Australia received its first shipment of Tesla Powerwalls roughly six months ago.

Living in this high-tech town, however, does come at a price. According to Australia renewable energy website One Step Off The Grid, the 16.46 hectare development will ultimately be home to 2,500 new residences, with three to five bedrooms houses, townhouses and apartments ranging from $1.48 million to $2.1 million in price.

It is not yet clear how many Powerwalls will be installed at YarraBend but based on the number of dwellings, it could number in the thousands, One Step Off The Grid reported.

The high price tag does include a number of amenities though. YarraBend's future residents will belong to a "Smartwired" community, Glenvill boasts on its website. The town will have high-speed internet and a "complimentary tech-concierge," a service that assists with tech-related tasks, from smart wiring to household WiFi set ups. Residents can also download the YarraBend app that provides community information such as public transport timetables, home delivery menus, carpooling arrangements and social events.

While the suburb is technologically advanced, it's also incredibly green. The landscape is surrounded by the tree-filled Darebin Parklands and Yarra Bend Park. The community will be home to a number of gardens, trails and parks, including an elevated park called The Paper Trail.

Public transportation is also encouraged, as the roads are inspired by Scandinavian bike-friendly cities. Bus stops and the Alphington train station are within walking distance.

"YarraBend will achieve the highest possible ESD (ecologically sustainable development) rating under the UDIA (Urban Development Institute of Australia) Envirodevelopment scheme, a first for an infill development site in Melbourne," Glenvill sales and marketing manager Nick Marinakis told the Heidelberg Leader.

UDIA's Victorian chief executive Danni Addison also told the Heidelberg Leader that YarraBend is one of the most environmentally sustainable developments in Australia with a water reduction of 43 percent, landfill reduced by 80 percent and the potential to reduce energy use by 34 percent.

"The Powerwalls, combined with solar panels (also standard), will mean that future residents will be able to benefit in a variety of ways, including dramatically smaller power bills and knowing that the majority of their energy usage is coming from a clean and renewable source," Addison said.