Unleash the Potential in Mickleham!” – Invest in Your Future Today!
Merrifield City, located within Melbourne’s booming northern corridor, is poised to become Victoria’s next big city. Here’s a summary of what makes Merrifield a compelling investment opportunity:
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Prime Location
Merrifield is strategically positioned just 30 kilometers from Melbourne’s CBD. Its easy access to the Hume Freeway and the planned Outer Metropolitan Ring Road ensures seamless connectivity to Melbourne and surrounding areas. This accessibility is a significant draw for both residents and investors.
Population Growth
Merrifield is characterised by young families and couples who have chosen to call it home, residing in new houses and nurturing their hopes for the future. The area’s trade area population is projected to experience substantial growth, increasing from around 67,000 in 2021 to an estimated 224,000 by 2041. This population growth presents opportunities for property investors due to increased demand for housing and services.
Masterplanned Community
Merrifield is at the heart of Victoria’s largest mixed-use masterplanned community. The development spans a vast greenfield site, with 165 hectares designated for shopping and dining facilities, sculpted parklands, waterways, sporting fields, and three schools.
This comprehensive approach to urban planning ensures that the community caters to a variety of needs, offering a high quality of life for its residents.
Economic Opportunities
The planned city also brings economic prospects, with an estimated 30,000 jobs to be created. Merrifield’s Business Park, which hosts prominent brands like Ford, DHL, and Dulux, underscores the potential for business and career opportunities in the area. Commercial developments such as “21 Cityside Drive” further enhance the area’s appeal, with childcare facilities, medical suites, a gym, and commercial offices, as well as an existing shopping center, cafes, and restaurants.
Long-Term Investment
Merrifield’s ambitious vision and extensive development plan indicate that this is a long-term investment opportunity. As the city continues to evolve and expand, property values may appreciate over time, offering a profitable investment for those with a long-term perspective.
Seek Professional Advice
Investing in Merrifield and the neighboring Donnybrook area offers potential benefits, including capital growth and rental income. However, as with any real estate investment, careful research, understanding of local market dynamics, and consultation with professionals are essential to make informed investment decisions that align with your financial goals.
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