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It's All Good News for Modeina!

Life at Modeina just keeps getting better, as jobs and new facilities in the local area continue to grow.

Great Location

The estate’s pivotal location in the suburb of Burnside places residents in a perfect position to take advantage of future growth and new job opportunities across Melbourne’s West.   

Just a 35-minute drive from Melbourne’s CBD, Modeina is part of Melton City Council, one of the fastest growing Local Government Areas (LGAs) in metropolitan Victoria.

In coming years, Modeina residents are set to benefit from a range of infrastructure projects that will bring lifestyle and employment opportunities to the area, through improved transport links and freight facilities, as well as new schools, parks and reserves.

Established local amenities like Burnside Hub shopping centre, highly regarded local schools and a range of parks and reserves will continue to drive demand for properties in Modeina and surrounding areas.

Burnside Primary School, situated in the heart of Modeina, opened for the 2019 school year and is expected to accommodate 475 students from Prep to Year 6.

Investment

Long-term under investment in Melbourne’s West is a thing of the past as major infrastructure is predicted to support development, generate wealth growth and see the population and jobs increase in coming years.

The recently opened Joan Kirner Women’s and Children’s Hospital at Sunshine provides the community with a state-of-the-art health care facility that will meet the needs of local families for decades to come.

Infrastructure projects like the West Growth Corridor Plan and the Sunshine National Employment and Innovation Cluster (NEIC) are expected to create improved transport links and job opportunities.

The West Growth Corridor Plan includes implementation of new train stations in surrounding suburbs, upgrades to the M1 and new freight facilities in nearby Truganina.

Jobs

The Sunshine NEIC is proposed to become a major jobs centre of the West, building on the area’s already existing businesses and institutions.  The ‘Sunshine Cluster’ is expected to become a major provider of teaching, healthcare services, medical research, education, transport, business and retail services for the West. Located right at a rail and road junction, it’s perfectly placed to service the growth area of Burnside.

The Burnside region is expected to achieve Melbourne’s highest jobs growth of 2.3 per cent per annum over the coming decade. That’s an anticipated increase of approximately 113,000 jobs between 2015 and 2031 - higher than any other Melbourne metro area.

Real estate

Not surprisingly, growing job opportunities have led to increased interest in local real estate.  As a result, house and land values across Burnside have grown strongly.  Between 2013 and 2018, house values grew by a healthy 9.7 per cent each year. With a median house price of $620,000, the City of Melton is more affordable than nearby LGAs of Brimbank City and Wyndham City.

Source: Urbis Market Outlook Burnside