It’s a tale as old as time. The ‘Great Australian Dream’.
Owning your own home and subsequently enjoying the security and sense of purpose that homeownership brings.
However, after a tumultuous few years in the property market, many buyers feel this dream is now out of reach. You might be asking yourself, where can I afford to buy a house?
From unprecedented demand to rapidly rising interest rates, many buyers can be forgiven for thinking now is not a good time to buy. But we’re here to tell you there are pockets of affordability in some of Melbourne’s biggest growth areas.
So where is the best place to live in Melbourne, you may ask?
Occupying ideal locations in rapidly growing regions across the city, read on to discover how a Growland community can improve your lifestyle and help you find your feet in an exciting, and occasionally daunting property landscape.
Botania by Growland – Fraser Rise
With only a few lots remaining, Botania occupies an ideal location in the emerging suburb of Fraser Rise (formerly Plumpton).
Just 5 minutes from the well-established suburb of Caroline Springs, life at Botania offers a rare and tantilising prospect for a new community; an established lifestyle from the get-go.
Think quality cafes, restaurants, educational providers, transport corridors and more, just minutes from home.
Read more about Botania’s location here.
From an investment perspective, recent data from the Australian Property Investor noted that the average house price in Fraser Rise rose by an incredible 14.8% in the last financial year.
With up to $195 million set aside in Growth Area Infrastructure Contributions, set to go towards building schools, public transport and emergency services facilities, there’s no doubt that the future of this region is steady and secure.
Residents within Fraser Rise also enjoy seamless access to major highways, including the Melton Highway and Western Ring Road. With Watergardens Station just 10 minutes away, major upgrades as part of the Suburban Rail Loop project will significantly cut commuting times, helping residents in Melbourne’s west to live more comfortably and efficiently.
Aside from infrastructure, life in Fraser Rise also promises natural serenity. Together with neighbouring Deanside, the suburbs will host 40 local parks including the picturesque Kororoit Creek. Lucky Botania residents have their very own waterway reserve running through the centre of the community connected to the iconic creek. These spaces provide important conservation reserves and a network of carefully-designed pedestrian and cycle tracks for all to enjoy.
So if you’re after land for sale in Fraser Rise, Botania by Growland is the perfect choice for you.
Marigold by Growland – Tarneit North
Ideally located in one of the top selling suburbs in Victoria of the past six months, it goes without saying that Marigold by Growland is the perfect investment choice.
Seamlessly integrated with many of the amenities that determine a household’s value, including proximity to schools, retail and transportation options, land for sale in Tarneit is hard to beat when it comes to value.
In fact, despite interest in the region skyrocketing in recent years, house prices in Tarneit have remained relatively affordable at an average price of $650,000, making it a real prospect for first home buyers.
Tarneit is also set to benefit from a plethora of major infrastructure projects, including the West Gate Tunnel and the future Truganina and Tarneit West train stations, helping residents to enjoy a lifestyle of convenience and connectivity, important considerations for all home buyers.
It was also recently confirmed that a new, $100 million shopping precinct, The Sheds, will open in Tarneit in 2024, another major infrastructural win for the area.
Promising a quiet and peaceful lifestyle surrounded by nature, now is the perfect time to take your first step towards a beautiful life at Marigold.
Banyan Place – Officer
Widely recognised as one of the fastest-growing communities in Melbourne’s south-east, land for sale in Officer is a promising investment prospect.
With Melbourne’s CBD within easy reach thanks to the Princess Freeway on its doorstep, Officer offers a unique blend of convenient, urban living with a relaxed country lifestyle that borders the West Gippsland region.
Minutes from established suburbs like Pakenham, Beaconsfield and Narre Warren, Officer promises seamless connection to major transport corridors, such as The Princes Freeway, Peninsula Link and more.
There is also a wealth of schools and essential amenities, such as restaurants, shopping centres and Berwick’s St John of God hospital nearby, making the community a popular choice for young families and first home buyers.
Promising over 7 hectares of open space, an abundance of walking trails and a commitment to preserving the native flora and fauna, Banyan Place Officer offers a flourishing, community-minded lifestyle. Check out the masterplan here.
So, if you’ve found yourself wondering where to buy a house in Melbourne, chose a community by Growland; a developer that raises the benchmark in residential living and masterplanned communities.