AN AFFORDABLE, FAMILY FRIENDLY LIFESTYLE
AND COMMUNITY IS A HUGE DRAWCARD
Living within a Manor Lakes neighbourhood means you can enjoy immediate access to all the fantastic neighbourhood facilities which already exist within our established warm and engaging community. With an array of block sizes and home designs from Australia’s leading builders, there is something to suit every lifestyle and budget, making the area a huge draw card to families.
Melbourne’s West is home to 80% of all future greenfield sites in Melbourne and is regarded as one of the fastest growing local government areas in Victoria. By 2031, an additional 195,000 residents will call the area home.
Living 10kms west of Melbourne’s CBD is far cheaper than living 10kms south or east, providing great opportunities for homebuyers to find an affordable housing option.
Current Manor Lakes market trends show;
Median land price and growth of 17% per annum over the last 5 years, reaching a median of $290,000 for the year to September 2018, and
Land in Manor Lakes to be more affordable than the City of Wyndham and significantly more affordable than neighbouring councils of Hobsons Bay which incorporates Williamstown and Altona and Brimbank Council which includes Sunshine, St Albans and Deer Park.
Median rental growth in Manor Lakes has grown by 4.5%, higher than Melbourne at 3.2%
FAMILY FRIENDLY FOCUS
With the needs of the community at the forefront of Manor Lakes estate's design, first-home buyers and upgraders see the appeal of living in the West. Those wanting to build their own home and live in an emerging community, surrounded by family and friends, can relax, play, exercise or come together utilising all the facilities the area has to offer.
Families with children make up 76% of households in Manor Lakes. With so many established amenities, it is not hard to see why the area is so popular with families looking for a warm, engaging and friendly community. And with an average age of residents aged 27years,(10 years younger than the average age for Greater Melbourne), new home buyers naturally see the appeal of the area.
Source: Market Outlook Manor Lakes Urbis Repoort Feb 2019