City of Melton: Melbourne’s Fastest Growing Investment Frontier

Located in north-west Melbourne and home to one of the country’s most dynamic growth corridors, the City of Melton presents investors with a rare combination of affordability, long-term capital growth, infrastructure investment, and massive population expansion.

With 440,000+ residents forecast by 2051—more than double its current population—Melton is a key player in Victoria’s residential and commercial expansion.

Why Invest in Melton?

🔹 Explosive Population Growth

• Growth rate of 6.6% in FY2023, among the fastest-growing LGAs in Victoria.
• Forecast population of 440,000 by 2051 (up from 205,000 in 2024).
• Absorbed into Greater Melbourne’s urban footprint and statistical boundary in 2023.

🔹 Affordable Entry Point

• Median house price starts at just $470,000 in Melton.
• Strong rental yields: 4.6%+ for houses, 5.4%+ for units.
• Key first-home buyer hotspot, supported by government grants and infrastructure.

Infrastructure Boom Driving Value

Project	Value	Impact
Melton Hospital (Cobblebank)	$1B	274 beds, 24/7 ED, 60,000+ patients annually
West Gate Tunnel Project	$7B	Cuts 20 mins off CBD travel time, removes 28k vehicles from roads
Melbourne Business Park (Truganina)	$2B	260ha logistics hub with 19,000 jobs
Renewable Energy Hub (Plumpton)	$1.9B	Solar & battery energy for 1M+ homes
Western Interstate Freight Terminal (WIFT)	$2B (proposed)	Projected 39,000 jobs, links freight to ports/airports

Major Residential Developments Underway

Estate	Value	Homes
Woodlea (Aintree)	$5B	7,000+ homes
Mount Atkinson (Truganina)	$3.5B	5,000 homes + Westfield
Eynesbury Estate	$3.2B	4,500 homes
Atherstone (Strathtulloh)	$3B	4,200 homes, train station
Deanside Village	$700M	1,100 homes

Demand for new housing continues to rise with over 5,000 building approvals in FY2023.

Property Market Highlights

• 18 of 23 Melton suburbs recorded triple-digit sales in 2024.
• Key growth suburbs: Deanside (13% YoY), Taylors Hill (11%)
• Strong rental market:
  • House rents: $400–$550/week
  • Vacancy rates as low as 0% in Aintree, generally below 3%
• Suburbs like Melton South, Truganina, Rockbank, and Weir Views attracting high sales and yields due to affordability and proximity to infrastructure.

Education & Healthcare Investment

• 3 TAFE providers and a Victoria University campus.
• $55M state-of-the-art TAFE opening by 2028.
• Multiple new primary and secondary schools being planned or completed.
• Melton’s first public hospital (opening 2029) and plans for a private hospital nearby.

What Sets Melton Apart?

✅ Affordability relative to Greater Melbourne
✅ High rental yields and steady population growth
✅ Billions in public & private infrastructure projects
✅ Consistent property demand and strong land sales pipeline
✅ Strategic location with rail, highway and freight connectivity

Melton is more than a suburb—it’s a city in the making.
Investors looking for long-term capital appreciation, rental performance, and growth-driven infrastructure opportunities should have Melton firmly on their radar.