The bold vision to transform Melbourne’s West, into a fast growing, innovative, culturally diverse and inclusive super city is under way. If you are considering investing in property, then now is the time to invest in Werribee. The population forecasts indicate that the region will accommodate more than 40 per cent of metropolitan population growth over the next 40 years, seeing the population double from 213,911 currently, to 424,476 over the next 20 years alone.
Over the years, there has been key works to ensure the western suburbs are connected to Melbourne and the surrounds. Over the coming years there are major infrastructural works taking place, to ensure Werribee is extremely well connected to the Melbourne CBD and the surrounds. For example, the $4.3 billion Regional Rail Link and $2.25 billion Western Ring Road upgrade. Not to mention the Avalon International Airport expansion, the $40 million Sneydes Road freeway interchange and the $440 million Wyndham Harbour development. With the incredibly growth happening out west, the Victorian government has recognised that the local community require the right infrastructure to commute on a daily basis.
In partnership, Evergrande and Arc3 have seen the potential in Werribee and heavily invested in the future. Evergrande is dedicated to beautiful built form and inspired by future focused thinking, Evergrande is a property developer that delivers the timeless and exquisite. ARC3 are a multi award winning boutique construction company specialising in multi-residential, commercial, industrial and institutional projects. Who pride themselves on providing a personalised service to each and every client and to develop lasting relationships. Together, they are brands that you can trust to deliver only the very best. Watton St, Rivière is a boutique development created in synergy to deliver 36 residences and 11 retail spaces.
Due to the magnificent plans of redevelopment, Werribee is only going to gain momentum. Among the redevelopment plans are; an Education City facility which has not been seen in Melbourne’s west. This will bring up to 80,000 residents and 50,000 students to the planned precinct which would see local and overseas universities collaborate to provide world-class education across several campuses. Funding to commence the new Wyndham Park, with a budget of $3.2 million from the state government. The Riverbank Promenade Development is planned to be elevated amongst the tree-tops, connected to businesses on one side, and with views over the beautiful Werribee River and Wyndham Park below. And finally, the Chirnside Park Hub. The Chirnside Park Hub Redevelopment has been granted $11.75m which will provide a major new attraction and community facility including a play park, gym and soccer field.
While the west has been seeing great growth for investors, Werribee is a well-known and reputable suburb. The redevelopment and change in face of Werribee will be one for investors to jump right in and see the profits of their decisions within a very short time frame.