Why you should invest in the Western Corridor of Melbourne.
The City of Melton is the third fastest growing municipality in Victoria, at 5.4 per cent annual growth last year. Rockbank was Australia’s fastest growing locality in 2017-2018. The population of the City of Melton is projected to be 485,061 by 2051, making it larger than the size of Canberra today.
What does this mean for home buyers or investors in Truganina?
The Victorian Government’s plans for Melbourne’s western corridor is to create thriving local communities with robust economies, including affordable and attractive housing and more jobs. Plans for Truganina and surrounding suburbs include new road, rail and bus links, better public transport, town centres, shopping precincts, more government and private schools and plenty of open green spaces for people to enjoy.
It’s the ideal time to invest in Melbourne’s western corridor, either as a home buyer or an investor. Olivia in Truganina is aligned with the City of Melton and the Victorian Government’s plans to support the development of affordable and beautiful homes, in well-resourced communities.
The growth in Truganina’s neighbouring suburbs
Buying a beautiful house and land package in Truganina is still an affordable reality, but it won’t last so now is a good time to buy and invest. Have a look at what happened in Caroline Springs. This suburb in Melbourne’s western corridor has seen significant growth in the last few years.
Caroline Springs Growth
The median house price of Caroline Springs is now $627,000 growing at a steady 5.6% per year and rental yields are a very healthy at 4.3%. Caroline Springs is only ten minutes from Truganina, whose median house price has risen lately to $563,000.
The growth potential of Olivia at Truganina
According to www.realestate.com.au, Truganina has seen a compound growth rate of 9.5% for houses and 6.5% per annum for units over the last five years. That’s a solid and steady growth that will continue to increase as proposed services and amenities are developed in Truganina over the next few years.
If you’re wanting a quality lifestyle for your family, with parklands, schools and shopping at your fingertips, in a growing suburb that is an excellent investment, then Olivia offers the best of both worlds in Melbourne’s western corridor.
Affordable and beautiful house and land packages, with everything you need at your fingertips:
- 5-minute drive to Rockbank train station
- 30-minute drive to Melbourne airport
- 5-minute drive to the Western Freeway
- 10-minute drive to bustling Caroline Springs
- 30-minute drive to Melbourne’s CBD
The City of Melton has a wonderful vision for the future
The City of Melton is committed to the development of a safe and socially connected community with a strong local economy.
The population is expected to double over the next 20 years and the community is regularly invited to contribute to its future vision by expressing their needs about the ideal community to live in. They call this initiative the “City We Imagine”.
Call us today for more information or register your interest in Olivia, Truganina
Olivia is a long term investment in your lifestyle, your health and well-being and your financial foundation. Olivia is offering excellent value house and land packages today. You can purchase a four-bedroom luxury home in an estate that will have 6.5 hectares of green spaces, close to public transport and schools, starting from $449,150.
Call us today on 0422 871 939 to enquire about lots for sale, and house and land packages, or register your interest for upcoming exclusive releases.
*“The compound growth rate is current as at the publication date only. Information is based on third party content (realestate.com.au), Marantali Pty Ltd does not make any warranty as to the accuracy, completeness or reliability of the information or accept any liability arising in any way from any omissions or errors. The information should not be regarded as advice or relied upon by you or any other person and we recommend that you seek professional advice before making any property decisions.”