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Don't worry the freeway will likely just be an extension of the current greensborough highway which will then likely tunnel underground bulleen. (if they can get the plans approved) http://www.vicroads.vic.gov.au/Home/RoadProjects/PlanningAndProposals/Melbourne/NorthEastLink.htm

I lived in Greensborough most of my life (33 years) up until a year ago and own 1 house there which was my PPOR but is now rented out. It's a lovely suburb for families approx 20km from the city. I would stick close to the shopping centre, train, and schools like you planned, and also...