Melton isn’t just growing – it’s exploding! Ranked as Australia’s fourth-fastest-growing municipality, Melton is on the cusp of a transformation unlike any other. Buckle up, because this isn’t your average suburban story.
Unprecedented Growth on the Horizon
Imagine a vibrant metropolis where the population is projected to surge by over 131,000 by 2036. That’s the future hurtling towards Melton, with an annual growth rate exceeding a remarkable 10%. This isn’t just a prediction – it’s a certainty fueled by a strategic location, booming job creation, and a commitment to building a world-class city.
The Secret Weapon: A $900 Million Hospital
Adding another layer of excitement is the much-anticipated construction of a brand new $900 million hospital. This state-of-the-art facility won’t just provide exceptional healthcare for the burgeoning population – it will be a massive job creator, attracting medical professionals and fostering a thriving healthcare sector.
Melton’s Property Market: A Golden Opportunity
While Melbourne’s housing market reaches for the sky, Melton offers a refreshing alternative. Here, you can secure a piece of the dream without breaking the bank. The median house price sits comfortably around $470,000, with units coming in at a cool $375,000 (as of June 2024).
Investing in Melton’s Future
Melton’s property market isn’t just affordable – it’s primed for growth. Here’s why it should be on your investment radar:
- Solid Capital Growth: Despite a slight dip recently, Melton’s house prices have shown steady growth over the past five years. With the population boom, long-term capital gains are a strong possibility.
- Rental Yields that Deliver: Looking for a steady stream of income? Melton boasts attractive rental yields, with houses averaging around 4.4% and units at 4.9%.
- Low Vacancy Rates: Breathe easy – Melton experiences consistently low vacancy rates, minimizing the risk of prolonged vacancies for investors.
Melton is more than just statistics. It offers a lifestyle that caters to a variety of preferences. Whether you’re a young family seeking a safe and friendly community, a professional yearning for a strategic location, or an investor with a keen eye for potential, Melton has something for everyone.
The Backbone of Business Growth
Melton isn’t just a haven for families and healthcare professionals – it’s a magnet for businesses of all sizes. Here’s why:
- Strategic Location: Ideally situated in the heart of Melbourne’s west, Melton boasts excellent connectivity. Major freeways and airports are at your fingertips, along with the state’s largest industrial hub and the Port of Melbourne.
- A Workforce on Your Doorstep: Over 70% of Melton residents currently travel outside the municipality for work. This translates to a highly skilled and readily available workforce yearning for closer-to-home opportunities.
- Investment Paradise: Melton City Council actively fosters a thriving business environment. They understand that businesses are the lifeblood of the community and offer support through various initiatives.
- 100,000 New Jobs by 2050: The council has a clear vision for the future, aiming to create a staggering 100,000 additional jobs within the next 25 years.
- Major Infrastructure Investment: Advocacy for major infrastructure upgrades is a key focus, ensuring sufficient capacity to accommodate the booming business landscape.
- Short-Term Wins: The council is already making significant progress, with a target of adding 13,000 new jobs in the next five years. This translates to a more self-sufficient local job market, benefiting both businesses and residents.
Looking Forward: A Vision for Tomorrow
Melton City Council isn’t resting on its laurels. They’re continuously striving to make Melton an even more attractive proposition:
- Infrastructure Upgrades: Upgrading the road network is a top priority, ensuring smooth traffic flow and efficient transportation for businesses and residents alike.
- Outer Metropolitan Ring: This transformative project, connecting Melbourne’s outer regions and freight hubs, is a major focus for advocacy. It will enhance connectivity, create jobs, and improve accessibility for millions of residents.
- Western Intermodal Freight Terminal: This planned project will bring freight transportation
Melton is a suburb on the rise, brimming with potential and opportunity. With its exceptional growth projections, strategic investments, and commitment to building a world-class healthcare system, Melton is poised to become a major player in Victoria’s future.
Don’t miss out on the chance to be a part of this exciting journey. Explore Melton today and discover why it’s the perfect place to live, work, and invest!
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