{"id":1647,"date":"2018-02-11T00:48:57","date_gmt":"2018-02-10T13:48:57","guid":{"rendered":"https:\/\/www.houspect.com.au\/victoria\/?p=1647"},"modified":"2024-11-25T15:36:20","modified_gmt":"2024-11-25T04:36:20","slug":"urban-growth-melbourne","status":"publish","type":"post","link":"https:\/\/www.houspect.com.au\/victoria\/urban-growth-melbourne\/","title":{"rendered":"What Colour are You? Urban Growth in Melbourne\u2019s Outer, Middle and Inner Rings"},"content":{"rendered":"

If you have not been paying attention to the property market, you may have missed the boom in Melbourne. Developers are snapping up prime Greenfield real estate on the outskirts of the city that has resulted in significant growth, spatially if not density, for Greater Melbourne.\u00a0 Worth watching are the growth or \u2018interface\u2019 councils such as Cardinia, Casey, Hume, Melton, Mitchell, Whittlesea and Wyndham \u2013 consistent with the Plan Melbourne 2017-2050\u2019s<\/em> 63 proposed Precincts \u2013 some of which are already thriving new communities.\u00a0\u00a0 <\/em>https:\/\/vpa.vic.gov.au<\/em><\/a><\/p>\n

Affordable Greenfield Housing<\/h2>\n

For many homeowners, moving to an area that is completely new in every respect is an attractive prospect. One of the major benefits of these newly established, master-planned, Greenfield estates is enabling greater access to more affordable housing. Houspect Victoria can provide an independent building inspection for those in the process of building or buying a new home<\/a>.<\/p>\n

Whilst buying early into these new estates may offer advantages on location choices and price, you may have to wait some time for infrastructure and amenities to arrive, such as schools, shops, public transport, etc.\u00a0 Although plans for these may be in place, allocation of government funding (at all three levels) for implementation, primarily relies on appropriate numbers of residents being met, rendering these new suburbs car-dependent for the first few years at least.<\/p>\n

Social Integration<\/h2>\n

The booming urban growth is a welcoming prospect to many new homeowners<\/a>, too. Moving into a neighbourhood away from family and friends may be an easier adjustment when you know everyone is in the same boat.\u00a0 Families of all sizes find it much easier to integrate socially when everyone is new to the area, although estates are designed to suit a range of homeowners, with a more diverse demographic mix at different stages of life.\u00a0 It can actually be a great opportunity to create new social networks.<\/p>\n

Booming Economy<\/h2>\n

Growing communities create micro-economies, as new communities emerge, so too, do businesses<\/a> that supply the community\u2019s needs. Melbourne\u2019s growth presents immediate opportunities in new town centres, for small business enterprises and mixed-use shops<\/a>, plus future opportunities for designated industrial or innovation hubs to be established.\u00a0 The current urban expansion in Melbourne all but ensures future job growth, so long as the demand for homes and infrastructure continues.<\/p>\n

Job Opportunities<\/h2>\n

One of the major attractions of new communities for homeowners is job opportunities.\u00a0 Having access to a reliable job market is always a major factor for consideration when it comes to purchasing a home.\u00a0 It\u2019s no secret that most of us would prefer to work close to home and family, so businesses providing supplies and services – such as supermarkets and fuel stations – to new communities, is just good business sense, with easy access to a willing and able local workforce.<\/p>\n

Greyfield and Brownfield site development<\/h2>\n

Attitudes towards redevelopment and density increases in the urban middle ring are changing.\u00a0 Recent property sales have seen consolidation of land parcels by \u2018neighbourhood consortiums\u2019 creating larger parcels of land for sale and redevelopment<\/a> in these areas.\u00a0 People wishing to downsize to properties more suitable for their life stage, also wish to stay in a familiar surroundings, amongst family and friends, with all the facilities they require.\u00a0 Many would like to see these Greyfield sites redeveloped as coordinated precincts rather than the current trend for infill development (demolish and develop)<\/a> style, which still has strong resistance or NIMBYism (Not In My Back Yard) by residents.<\/p>\n

Brownfield sites – old inner-city industrial sites no longer being used \u2013 have been identified for urban renewal, pegged for respectful redevelopment utilising the site\u2019s original purpose and heritage, making a feature out of existing buildings and infrastructure and creating opportunities to increase Melbourne\u2019s green space and liveability.<\/p>\n

Regional cities<\/h2>\n

Being within reasonable commuting distance to Melbourne and with their more affordable housing and appealing lifestyle options than those available in Melbourne, make our regional cities a possible consideration.\u00a0 Upgrades to regional train lines are rendering Ballarat, Bendigo, Geelong as attractive propositions for homebuyers.\u00a0 As well as being available across metropolitan Melbourne, Houspect Victoria Building Inspectors are available in Greater Geelong, Mornington and Bellarine Peninsulas, Ballarat, Bendigo and the other main regional areas in Victoria. To find your local inspector, click here. <\/a><\/p>\n

Having a commuting distance around one hour by train to Melbourne, means demand is ramping up for homes in suburbs located close to the regional train stations. These are the suburbs to watch.\u00a0 Whilst train line upgrades may cause some travel delays, in the long run, any improvements will make it a better experience for commuters.<\/p>\n

Growth Exploitation<\/h2>\n

While urban growth is usually good news for those looking for affordable housing, it is important to proceed with caution when shopping for properties. Many developers seek to exploit the boom by mass-producing properties that are not up to standard. Know what to look for<\/a> and where to seek independent professional advice if you need it.<\/p>\n

Whether you are considering buying, building or developing a property in one of Victoria\u2019s up and coming areas, be fully informed before you take that step and sign on the dotted line. Houspect Victoria can provide for all your inspection needs with our team of fully independent building inspectors and a complete range of inspection services, including Pre-Purchase, Stage Construction, Handover, Renovation, Dilapidation<\/a> inspection reports and more, suitable for both domestic and commercial clientele.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you have not been paying attention to the property market, you may have missed the boom in Melbourne. Developers are snapping up prime Greenfield real estate on the outskirts of the city that has resulted in significant growth, spatially if not density, for Greater Melbourne.\u00a0 Worth watching are the growth or \u2018interface\u2019 councils such…<\/p>\n","protected":false},"author":15,"featured_media":1648,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[159],"tags":[53,232],"class_list":["post-1647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-construction","tag-new-property","tag-urban-growth","category-159","description-off"],"acf":[],"yoast_head":"\nWhat Colour are You? 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