Property Report
September 2023
A smart investment opportunity
Carolina, situated in Melbourne’s fast-growing western corridor, provides a distinctive mix of convenience, connectivity, and promise. It grants effortless access to a variety of amenities and services. The thoughtfully designed community, along with its proximity to quality schools, modern sports facilities, diverse shopping, dining options, and cultural centres, represents an appealing option for a wide range of residents.
Investment Opportunities
• Me dian Rental Price – $440 pw12
• Rental yield – 3.52%13
• Average days on market – 4013
• Past 12 months growth – 9.35%13
Shopping
• Watergardens Shopping Centre – 8.9km
• Carolina Springs Square – 3.8km
• Brimbank Shopping Centre – 19km
Location
• M elbourne CBD – 32.4km
• Melbourne Airport – 25km
• Werribee – 21.8km
• Melton – 14.2km
• Ballarat – 85km (1 hour)
• Geelong – 70km (55 minutes)
Health
• 9 me dical clinics and centres within the Deanside LGA
• 15km to Sunshine Hospital (20 minutes)
• 16km to Melton Health Hub (20 minutes)
Transport Train S tations
• Watergardens station – 8.4km (Sunbury line)
• Keilor Plains – 7.8km (Sunbury line)
• Caroline Springs Railway – 8km (VLine)
• Rockbank – 7km (VLine)
Bus routes
• 461 route to Watergardens – 1.6km
Freeway
• Western Freeway – 3km
Education
Government Schools
• Deanside Primary – 2km
• Springside West Secondary College – 2km
Private Schools
• Southern Cross Grammar – 3.8km
• St George Primary – 3.9km
• Catholic Regional College Caroline Springs – 3.7km
• Bacchus Marsh Grammar – Woodlea Campus – 5.5km
Childcare
• 9 childcare centres within the Deanside LGA
Regional Facts and Figures
Percentage
Percentage
Population Job growth in the City of Melton Registered businesses Infrastructure investment Deanside median house sales price Local jobs
population by 2051
Projected
of renters
household income in Deanside Annual population growth of 6.42 per cent 1 As of 2023, the population estimate for the City of Melton is 205k 2 440k8 15.95%3
7
4 24.3%9 in the City of Melton in 2022 in the City of Melton in Deanside (in 2021) in the City of Melton
Median
44,591
15,398
of people who live and work in the City of Melton $651k6
11 From August ’22 to July ’23 $2.2k10 $3.7b5 per week (in 2021) in LGA project
52.4%
Future School^ Future Town Centre^ Future Indoor Recreation^ Future Local Park^
Carolina Sales and Information Centre
Taylors Hill Village Overnewton Anglican Community College
Taylors Hill Primary School
Watergardens Shopping Centre
Southern Cross Grammar
Fraser Rise School
Watervale Shopping Centre
Future Residential
Taylors Road
Melbourne Airport
Sinclairs Road
^By others
Melbourne CBD 34kms Melbourne Airport 21kms Creekside College Lakeview Senior College Highpoint Shopping Centre
Future
Western
Caroline Springs Established amenities including restaurants, shops, childcare and medical facilities only 6 minutes away
Kororoit Creek Brimbank Shopping Centre Rockbank Murugan Temple Brookside Preschool
Residential Future Residential
Freeway Neale Road Hopkins Road Melbourne CBD
N
Miri Piri Gurduara Sahib Temple
Reed Court
A perfectly positioned address
Situated in one of the fastest growing regions in Australia, and the heart of Melbourne’s popular and burgeoning west, Carolina presents an exceptional blend of location, connection, and opportunity, with easy access to an array of new and existing amenities, services and employment hubs. Its boutique size, careful planning and proximity to quality schools and childcare, modern sports facilities, myriad shopping and dining options, and diverse cultural centres, deliver exceptional appeal for a wide range of residents.
Everyday retail needs (and life’s little treats) are fully catered for with a new HomeCo Centre nearby, which complements the popular, well-established shopping and entertainment destinations of Caroline Springs – just four kilometres away –and the vast Watergardens Centre about a ten-minute drive from home.
Carolina’s appealing location also positions it close to a range of transport links, including the M8 Western Freeway, the A95 to Werribee and onto Geelong, and the Caroline Spring Station, offering convenient connections to both Ballarat and the Melbourne CBD. This connectivity allows residents to not only access the city, Ballarat, Wyndham City and Geelong with ease, but also make the most of their free time, visiting the region’s beaches, national parks, historic goldfields, and the many attractions of nearby Werribee.
For convenience, community and connection, Carolina makes an ideal choice for attracting quality rental tenants to fuel the broad selection of investment opportunities.
SINCLAIRS
ROAD
TAYLORS ROAD
USTICA STREET
MARADONA BOULEVARD
AMALFI PARADE
ROAD
HOPKINS
REED COURT
ROAD
SINCLAIRS
Carolina Sales and Information Centre
Linear Reserve
Over 4km of walking and cycling trails
Carolina fitness stations
2.4ha of wetland and reserves
N
Carolina Sales and Information Centre
Cnr Taylors & Sinclairs Road, Deanside VIC
T: 1800 875 579
E: carolina@avid.com.au carolina.avid.com.au
1. https://www.melton.vic.gov.au/Council/About-the-City/Demographics/Growth-statistics
2. https://forecast.id.com.au/melton
3. https://economy.id.com.au/melton/local-jobs
4. https://economy.id.com.au/melton
5. https://app.remplan.com.au/melton/investment/opportunities
6. https://www.realestate.com.au/vic/deanside-3336/
7. https://economy.id.com.au/melton
8. https://www.melton.vic.gov.au/Council/About-the-City/Demographics/Growth-statistic s
9. https://abs.gov.au/census/find-census-data/quickstats/2021/SAL2 0724
10. https://abs.gov.au/census/find-census-data/quickstats/2021/SAL20724
11. https://economy.id.com.au/melton/workers-place-of-residence-industry
12. https://www.realestate.com.au/vic/deanside-3336/
13. https://www.yourinvestmentpropertymag.com.au/top-suburbs/vic/3336-deanside
While we have taken care to ensure the accuracy of information in this document at the time of publication, AVID Property Group gives no warranty and makes no representation as to the accuracy or sufficiency of any description, photograph, illustration or statement contained in this document and accepts no liability for any loss which may be suffered by any person who relies upon the information presented. It should not be considered professional financial advice. All information provided is subject to change without notice. The approximate location of third party infrastructure, facilities, amenities, services and destinations (existing and proposed) is to provide a general impression of Carolina and is not intended to be used for any other purpose. References to location, distance or size are approximate, not to scale and for indicative purposes only. All distance and travel timeframes are estimates only, refer to distance by driving time (unless specified otherwise), and are based on information obtained from Google Maps at the time of publication. Purchasers should make their own enquiries and satisfy themselves as to whether the information provided is current and correct and if appropriate seek legal and financial advice before entering any contract. Photographs and illustrations in this brochure are indicative only and may not depict the actual development. September 2023. 10470
Taylors Rd Plumpton Rd Sinclairs Rd Gourlay Rd Kings Rd Melton Hwy WesternFwy BeattysRd BURNSIDE CAROLINE SPRINGS TAYLORS HILL Carolina Sales and Information Centre Caroline Springs Blvd Reed Crt