LGA · VIC · WESTERN MELBOURNE GROWTH CORRIDOR

City of Melton

Outer-western growth corridor with population nearly doubling by 2046. Roughly 35km from Melbourne CBD.

Western Melbourne Growth Corridor Hotspotting refresh: Jun 2026 35km from CBD

Investment thesis

What this LGA is for

Outer western Melbourne LGA covering Melton, Melton South, Melton West, Caroline Springs, Taylors Hill, Hillside, Truganina, Burnside, Burnside Heights, Fraser Rise, Cobblebank, Deanside, Diggers Rest, Eynesbury, Aintree, Brookfield, Harkness, Kurunjang, Rockbank, Strathtulloh, Thornhill Park, Bonnie Brook and Weir Views. Population around 232,000 (2024), forecast to nearly double to 470,596 by 2046. Gross Regional Product $8.54 billion. Construction is the largest employer (14% of jobs). Cobblebank Town Centre and multiple new train stations driving the corridor build-out. 11 new suburbs gazetted in 2017 still developing.

Key numbers

Snapshot of the City of Melton economy and demographics.

Gross Regional Product

$8.54B

Population (2024)

232K

Forecast population by 2046

470K

Population growth FY2023 (LGA-level)

6.6%

Infrastructure pipeline

The committed and in-flight infrastructure spend reshaping the LGA.

$2B

Cobblebank Business Park

Major new town centre + employment precinct development.

$1B

Cobblebank Hospital

Major new health facility planned for the corridor.

Major

New train stations

Multiple new commuter rail stations planned through the growth corridor.

Major

Multiple new schools

Education infrastructure scaling with the population growth pipeline.

Major

11 new suburbs gazetted 2017

Created entirely new estate stock that has been progressively populating since.

Major

Metro inclusion

ABS boundary update (April 2023) brought Melton inside Greater Melbourne. Materially changes investor framing — now a metro buy, not a regional one.

Suburbs in scope

Suburbs we actively track within City of Melton. House market data from PropTrack via Hotspotting LGA report (12 months trailing).

Suburb	Median (house)	Yield	1yr growth	Vacancy	Read
Taylors Hill	$920K	3.30%	+8%	0.80%	LGA premium. Established planned community
Burnside	$830K	3.50%	+12%	0.80%	Strong YoY growth
Hillside	$823K	3.50%	+5%	0.80%	Established premium middle-tier
Caroline Springs	$790K	3.60%	+7%	0.90%	Established planned community, 339 sales/yr
Burnside Heights	$760K	3.50%	-1%	1.00%	Established middle-tier
Aintree	$710K	3.80%	+3%	1.10%	Newer estate stock
Deanside	$705K	4.20%	+5%	1.30%	Newer estate, strong yield
Fraser Rise	$690K	4.00%	-2%	1.20%	Newer estate
Eynesbury	$690K	3.90%	-7%	1.30%	Outer newer estate
Truganina	$675K	4.00%	+3%	1.20%	Volume leader (974 sales/yr), strong yield
Bonnie Brook	$673K	4.00%	-1%	1.30%	Newer estate; 5-year avg +7%
Diggers Rest	$660K	4.00%	-2%	1.20%	Established outer pocket
Strathtulloh	$635K	3.90%	+3%	1.20%	Newer estate
Cobblebank	$632K	3.90%	-1%	1.30%	Town centre development core
Rockbank	$625K	4.00%	+1%	1.20%	Outer growth pocket
Weir Views	$620K	3.80%	+7%	1.20%	Newer estate
Brookfield	$610K	3.80%	+11%	1.20%	Affordable entry, strong YoY
Harkness	$610K	3.70%	+6%	1.30%	Affordable entry
Thornhill Park	$605K	4.00%	+2%	1.30%	Affordable newer estate
Melton West	$603K	3.70%	+10%	1.30%	Affordable established
Kurunjang	$600K	3.70%	+9%	1.20%	Most affordable LGA entry. Strong YoY
Melton South	$568K	3.90%	+9%	1.30%	Affordable, strong YoY
Melton	$539K	4.00%	+9%	1.30%	LGA administrative centre. Lowest entry, strongest yield set

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