The Grove Agent Presentation latest 26

The Grove Tarneit, VIC

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Frasers Property Australia

Fast Facts •

Located in Tarneit, 31km west of Melbourne CBD

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Situated on either side of Davis Road and bordered by the Werribee River and Davis Creek

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Located within Melbourne’s fast growing western corridor and within close proximity to existing and proposed residential services and amenities

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167-hectare site comprising 1780 residential lots

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On completion, the entire site will include over 2,600 homes, community activity centre, two schools, a sports oval, wetlands, waterways and a network of parks linked to Davis Creek and Werribee River

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Approximately 2400 lots settled to date

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Established community with over 1,600 families already residing there

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Currently selling the final 3 stages in the final precinct Riverside

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Key Attributes Natural Surrounds • Bordered by Davis Creek and Werribee River • 11ha of wetlands connected to Werribee River Public transport and access • Only 26 minutes by train to Melbourne CBD or 31km by car Shops, restaurants, cinema • Future town centre (Q1 2027 completion) • Dianella Community Centre • Close to Tarneit West Village, Tarneit Gardens Shopping Centre and Tarneit Central • Short drive to Pacific Werribee Shopping Centre with Myer, cafes, restaurants and a Village Cinema Themed playgrounds • 9 established parks within the community Leisurely parklands • Extensive hike and bike paths and planned sporting oval Childcare and schools • Karwan Primary School and Brinbeal Secondary College • Childcare centres and kindergarten are already open locally 4

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Town Centre • New $70m Town Centre developed by Empire Properties.

• Construction is underway with completion due early 2027.

• A beautiful reserve is also included in the plans with walking and bike paths connecting residents to the town centre.

• With over 20 stores, cafes and services: • 4,000sqm full line Woolworths • Learn-to-swim School • Gym • Medical facility • Restaurants and cafes • 300 parking spots • Nail salon, greengrocer and more!

*Artist’s impression, indicative only.

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Featured on Herald Sun On the news

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Riverside Masterplan Riverside at The Grove

This final neighbourhood is situated along the wetlands and directly connected to Werribee River.

The majority of key amenities are now delivered with the future town centre, developed by Empire Properties, expected to be complete by Q1 2027.

• 2600 lots in total • Approx 150 lots remaining • Project completion 2027

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Location At The Grove you’re not only by the river but close to everything else as well.

Transport options • Easy access to Tarneit Station just 6km from The Gove and the proposed Tarneit West Train Station • Easy access to major roads connecting to Melbourne CBD • The 182 route runs from Werribee station to Tarneit Station via Tarneit West, with multiple stops along Davis Road • Interconnected cycling and walking paths with breathtaking landscape design

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Wyndham City Population Growth Market Considerations

• Wyndham City is one of Australia’s fastest growing municipalities, expected to almost double in size by 2041.

• It is also the link between Melbourne and Geelong, the two largest cities in Victoria.

• At 5.3 % p.a. over the period 20212036, average growth Tarneit is set to outpace both Wyndham LGA (3.2% p.a.) and Metropolitan Melbourne (1.8% p.a.).

*Study area comprises the following SA2 areas: Tarneit – Central, Tarneit – North, Tarneit – South and Tarneit (West) – Mount Cottrell.

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Tarneit Median House Price Market Considerations

• The 2023 median house price in Tarneit was $650,000. This is significantly more affordable than the median house price observed across Metropolitan Melbourne ($840,000).

• Over the last decade, Tarneit has recorded stronger house price increases than Metropolitan Melbourne, achieving average growth of 5.9% p.a. compared to 5.1% in Melbourne.

• Tarneit is a highly sought-after location within the Wyndham LGA, as evidenced by its strong recent price growth.

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Growth at The Grove Market Considerations

From 2022 – Started Trading from Riverside Frasers Property Australia

Date​

Lot size​

Price​

December 2020

400sqm​

$327,000​

May 2021

400sqm​

$341,000​

December 2021

400sqm​

$389,500​

June 2022

400sqm​

$424,900​

Aug 2023

400sqm​

$427,900

Dec 2024

400sqm

$437,900

Aug 2025

400sqm

$442,900

Feb 2026

400sqm

$457,000 12

Planned Infrastructure for Melbourne’s West

West Gate Tunnel Project

New and Upgraded Stations

Wyndham Stadium Precinct

Rail and Road Investment

Now complete, the West Gate Tunnel Project provides a secondary freeway link between Melbourne’s West and the City.

A number of new and upgraded stations will be built across Melbourne’s West, including a new station at Tarneit West which will include a pedestrian crossing, fourbay bus interchange and parking for 400 commuters. Opening end 2026

The project will form a sports and entertainment precinct that incorporates a 15,000-seat stadium (to be home of an ALeague team), sports grounds for professional and community use as well as a range of commercial and residential development.

The first stage of the Melbourne Airport Rail is set to kick off as part of a $5.3 billion federal funding commitment to boost economic growth, improve connectivity and tackle congestion on suburban roads.

The project has also added and improved walking and cycling paths and create approximately 9ha of new parks and wetlands.

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New station Only 2km’s away….

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Amenities - Pacific Werribee only 6.5kms from Grove estate

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Helpful Resources The Grove

2024 Project Update Video

Riverside Parks Tour Video

Block Party Video

The Grove Property Tracker

The Grove Website

Local Market Intelligence Report

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Thank you Adam Brien Agent Alliance Manager adam.brien@frasersproperty.com.au +61 411 730 982