The Melbourne 2030 is Australia's most advanced planning policy designed to insure Victoria's prosperous future.
It is only the second type of policy for any city in the world with Auckland having a growth plan in place.
The policy has 5 key strategies that offer any prospective home purchaser a yellow brick road to property growth.
Within the policy are designated growth areas, which are designed to become major growth hotspots. Within these growth areas significant funding has been allocated for major upgrades to health, transport, education and recreation facilities.
At present these locations can be considered to be undervalued and offer homebuyers long term growth prospects.
There are 5 main growth areas outlined in the policy
1. Melton/Caroline Springs
2. Casey & Cardinia
3. Hume
4. Wyhdham
The Melbourne 2030 will have a major impact on all Victorians and knowing how, when and why it will affect you, is something every home buyer should know. Unfortunately, media needs dictate that government planning policies are not front page news and the public are less informed about these issues than they should be.
Property 10 has conducted significant research into these policies and can be considered experts in knowing what effect this plan has on homebuyers. We have identified areas which we believe tick all the right boxes and offer both First Homebuyers and Investors areas that will foster community spirit, provide outstanding infrastructure and offer strong capital growth prospects.
If you are intending on owning a property in the immediate future you must arm yourself with knowledge on the most significant planning policy introduced in Australia's history.