subject: Discover Why Melbourne's Western Suburbs Is A Booming Location To Property Investors? [print this page]
We all know that living in a place where shops, schools, public transportation and security are plentiful; residents have already seen the potential as well as liveability in Melbourne's western suburbs. Strong infrastructure growth as well as spending has attributed to the new west side story.
Within a decade, the west has had major infrastructure spending which includes: $4.3 billion Regional Rail Link between Wyndham Vale and Southern Cross Station, $1.2 billion upgrade to the Western Ring Road due for completion in 2012 as well as more planned projects which is to be completed within this current decade.
Many of us are aware of what the supply and demand law is; for example, if demand is very high and supply is low, then property price will increase. For Melbourne' west, the supply has been scarce and demand has been extremely high.
And it shows, over the past 12 months, local government areas of Wyndham and Melton were in the top 10 fastest-growing municipalities in all of Australia; When Melton and Wyndham were combined, growth in the western region of Melbourne outstripped that of the Gold Coast, which meant over 18,000 residents calling Melbourne's west, home.
The first step in the new west side story was to establish houses that most people could afford particularly, young couples or young couples with children. The second phase is the ever-growing employment of people to the west side. Thousands of jobs have been created to accommodate families.
With such potential in the west, ever more infrastructure growth is being planned to accommodate the rapid growth in population. One particular project that has been given the nod by residents and communities has been the new development of Wyndham Harbour Marina.
Wyndham Harbour marina, a $440 million project, will be the only waterfront development of its kind - just 25 minutes drive from Melbourne's Central Business District. The new marina at Wyndham Harbour will have 1000 wet berths from 10-35 metres including 6 super yacht berths.
There will also be a 300 berth dry stack. In addition there will be a new beach built on the Point Cook side of the Marina along with 12 hectares of public recreational space & wetlands. The development will also incorporate water/marina front restaurants & cafes and due to start in late 2010.
