Growth Areas To Look At: Rockbank

If you're seeking a busy lifestyle region with a country feel and warm, smaller community vibe then Rockbank is your next location to invest. Formerly a “green wedge” urban growth boundary area in Melbourne's west, this suburb is fast developing into a hotspot township. 29km west of Melbourne's CBD, Rockbank is located within the City of Melton local government area. The area lies in the east of local township, Melton, and toward the west of suburb, Caroline Springs.

Population

In late 2015, the once known “sleepy” township was declared a sprawling spot that is projected to occupy upwards of 25,000 people. The state government has unveiled plans to transform the region into an investors growth spot and public space for all to gather.

Amenities and Public Transport

Home to a grand 752 hectare development, 29km north-west of Melbourne's CBD, there are plans for the area to witness development of upward of 9,000 homes, schools and other community facilities. While its roads include the Western Freeway to the north, Greigs Road to the south, and Paynes Road to the west. In nearby Caroline Springs, ongoing works on the V/Line are being made to cater for the suburb.

Schools

Rockbank Primary School is the designated neighbourhood government school for Rockbank, including Woodlea, Thornhill Park and Bridgefield estates.

Investors Outlook

In late 2016, Rockbank sat atop the list for median house price growth in Melbourne. The suburb surged 47.5% through the year, making it the year's strongest performer. Affordable housing in new estates and more investment in sound infrastructure has captured the attention of buyers in the city's outer where sales have evidently boomed. Rockbank's major growth reflects a steady supply for new housing, which is of a much higher quality and higher price. The region is considered largely representative of a changing of the guard, a “ripple effect” in terms of where buyers are seeking investment opportunity. House and land packages make up a large portion of the property in the area. However, there are some established homes on offer.

Wanting more information?

For more information regarding property investments in Rockbank or near surrounds, be sure you speak to one of our home building experts on 1800 184 284. Melbourne's west is up and coming, have you considered your other options? They are independent and motivated to see you achieve your property and investment goals.