Invest in Melbourne’s South-East Suburbs
Australia is one of the world’s best countries to live in, with investors from all over the world rushing to own property in the nations’ hot-spots. Sydney and Melbourne are the most desired locations, but with median prices in Sydney sitting at around $1 million, many investors no longer see Sydney as a viable option.
Like Sydney, Melbourne has also been experiencing a housing boom but the average home remains around $200,000 cheaper. Recent data reveals that Melbourne has the highest population growth of any Australian capital city with Melbourne expected to take Sydney’s title of ‘Australia’s largest city’ by 2053. Investors are now realising that their money can go much further in Melbourne. But you need to be careful where you purchase in Melbourne, as not all areas provide equal capital appreciation and rental return.
Savvy investors are now buying in Melbourne’s South-East corridor, where suburbs about 45 minutes from Melbourne CBD have steadily become one of the states hottest real-estate markets. The City of Casey is the center of the South-East and has further stamped its identity as a health and education hub, and is recognised as the third fastest growing municipality in the state.
Safe Super Homes have been established in Berwick, the jewel of Casey for over 20 years and witnessed the enormous growth of the area. The Victorian Government has dedicated millions of dollars to expanding facilities in the City of Casey and Cardinia, further increasing the appeal and value of properties in this area. Casey’s population growth is driven by young families and is growing by an average of 144 people per week. This means it has the most residents of any municipality in Victoria.
Universities and TAFE Colleges
Monash University has the largest student body in Australia and is ranked within the top 1% of world universities. Their Berwick campus was founded in 1994 and currently offers degrees in business, commerce, nursing and education.
Located opposite is Chisholm Institute Berwick Campus, the largest vocational training provider in Victoria’s South-East, which offers qualifications from certificates through to higher education degrees. A new $26 million Trade Careers Centre will be built at the Berwick campus allowing Chisholm to meet the growing demand for apprenticeship and post trade skills needed in conjunction with industry growth in Melbourne’s South-East.
The City of Casey has one of the highest private schools per capita in Victoria, with some of the most prestigious private colleges and primary schools in Melbourne. These include Haileybury, St Margaret’s, Beaconhills College, Nossal High, Casey Grammar, Heritage College, and Berwick Grammar.
The Victorian Government has been highly focused on education by allocating enormous resources to building the 42 primary and 16 secondary schools in the area.
Hospitals and Medical Clinics
Casey Hospital is Melbourne’s newest major metropolitan hospital, offering the latest in medical technology advancements. The hospital provides the rapidly growing south-east community with a comprehensive range of services including a 24-hour emergency department, general medical, mental health, rehabilitation, surgical and ambulatory care services. Casey Hospital is also a provider of paediatric services for Monash Children’s Hospital and is a centre for the leading cardiac services of MonashHeart. The maternity unit and special care nursery are kept extremely busy meeting the needs of the many new families residing in the district.
The City of Casey is easily accessible by road, train, and bus, with both the Monash Freeway (M1) and Princes Highway providing easy and direct access to Melbourne city. Both Cranbourne and Pakenham train lines provide frequent and reliable services into Melbourne CBD. Victoria’s Gippsland V/Line train also stops at Pakenham station, connecting to regional locations such as Warragul, Traralgon, Sale, and Bairnsdale.
Recently the Government announced a multi-billion dollar boost to train services in Melbourne’s South-East suburbs to accommodate the high population growth. Casey will be the direct beneficiary under this policy. The state will also purchase 37 next generation, high capacity trains to run along the two train lines. These major upgrades will mean that the Pakenham and Cranbourne trains will increase their capacity by over 40%, which will further increase the desirability of the area.
Retail and Recreation
The City of Casey is home to the second largest shopping complex in Australia. Westfield Fountain Gate has 440 individual stores including Myer, Harvey Norman and all major department stores. The State have provided a large variety of recreational facilities including 1,000+ parks and reserves, 270+ playgrounds, 110 sport grounds and 200 sporting clubs.
History shows that the South-East corridor, especially the City of Casey, is one of Melbourne’s best areas to invest in property with solid capital growth and excellent rental returns.
The peaceful living environment attracts thousands of people to call the City of Casey ‘home’.