news

Australia moves to Melbourne’s west

0

Australia’s fastest growing region is no longer the Gold Coast but rather Melbourne's West, a new study has found.

According to KPMG research, over the 12 months to June 2009 the municipalities of Wyndham and Melton faced a population boom with 18,000 new residents, exceeding the Gold Coast with 17,000.

KPMG demographer Bernard Salt said housing affordability had played a large part in the region's recent population boom.

“There are new house and land packages on the market in Werribee for less than $280,000, compared to Melton South where packages start at around $260,000," Mr Salt said.

In addition to the increased population, Melboune's Western outskirts are projected to add 175,000 people and 82,000 dwellings throughout major growth areas of Werribee and Deer Park over the next decade.

“Population growth at this pace and scale means more demand for social infrastructure such as houses, shops, schools, roads, medical centres and sporting grounds," Mr Salt said.

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
PAMBULA 42%
2.
MILSONS POINT 41.26%
3.
SPEERS POINT 39.69%
4.
SPRINGWOOD 37.72%
5.
ILUKA 36.3%