Lot 523 - Willow Stone Estate - Melton

Description

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Melton is a growing suburb located about 35 to 37 kilometres west of Melbourne’s Central Business District, within the City of Melton local government area. It sits on the rural-urban fringe, transitioning from open farmland to rapidly developing suburban areas. As of the 2021 census, Melton had a population of around 7,953 people, though the broader City of Melton continues to experience significant population growth and is projected to exceed 480,000 residents by 2051. The area is popular among young families due to its affordability, spacious blocks, and family-friendly environment.

Melton offers a good range of local amenities, including major shopping centres such as Woodgrove Shopping Centre and several supermarkets, specialty shops, and dining options. Education facilities are well established, with schools like Melton Secondary College, St Anthony’s School, and Melton South Primary School catering to local students. The suburb also provides a number of parks, trails, and recreational spaces, including the Melton Botanic Garden, contributing to a pleasant suburban lifestyle.

Transport links are convenient, with road access via the Western Freeway and a rail line connecting Melton to Melbourne, although there are ongoing upgrades planned for the Melton rail corridor to improve services. The Victorian Government has prioritised Melton for suburban revitalisation, with projects aimed at improving the town centre, public spaces, and community infrastructure.

Housing in Melton remains more affordable compared to inner Melbourne, attracting first-home buyers and investors alike. The suburb features a mix of older homes and new residential estates as the area continues to expand. However, rapid growth has also brought challenges, particularly with infrastructure and service delivery lagging behind demand. Traffic congestion and longer commute times are common concerns among residents, and while the suburb has all essential amenities, lifestyle and entertainment options are still developing. Overall, Melton offers an affordable, family-oriented community with strong potential for future growth as infrastructure and amenities continue to evolve.

• Property Type: House and Land
• Property Stage: N/A
• Price: $ 669,580.00
• Land Price: $ 326,430.00
• Build Price: $ 343,150.00
• Beds: 3
• Bath: 2
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: 1
• Floor Plan: N/A
• Completion: N/A
• Land Size: 294
• Area Size: 148.00
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 437.00
• Est. Body Corp.: N/A
• Title Status: Q4 2025
• Gross Per Week: $ 437.00
• Gross Per Annum: $ 22,724.00
• Gross Yield: 3.39%
• Capital Growth 12 Months: -3.60%
• Capital Growth 10 Year Annualised: 6.50%
• Vacancy Rate: 1.28%