Your Next Investment: Donnybrook and Woodstock

After two long years of waiting, the suburbs of Donnybrook and Woodstock are about to see their residents in the middle of 2019. It is only fitting to know that there are still a ton of houses and land for sale in both suburbs. After all, the State Government did expect “tens of thousands of Victorians.”

Donnybrook is approximately 32 kilometres from the Central Business District in the city of Melbourne. At the moment, it is composed of a railway station, a general store, a bar/tavern, and a small number of houses. This implies a great potential in terms of investment since there are plans for the vicinity (including Woodside) to house over 37,000 to 44,700 residents. The development stage of this place will be the most crucial time to invest if investors are looking to maximise returns.

As early as 2017, developers have already planned to allocate $115 million into funding and establishing a primary school at Donnybrook. They have also included county fire authority and ambulance stations, and a community hub and sports grounds in their development plans. Construction of the Mirvac’s Olivine estate, which is said to cover over 187 hectares of Donnybrook, has already begun. It is said to have 2,250 strong and beloved homes with over 7,000 happy residents within a decade to a decade and a half.

Announcing this early (first announced in 2017) is part of the State Planning Minister, Richard Wayne’s plan to aid and encourage Victorians to dabble in the real estate market. Setting up something for sale during its development attracts big shot investors, but the State Government took a different approach and instead, wanted the public to help build this place that will eventually sustain them in the long run.

Aerial view of a neighbourhood in Australia“I think that’s what’s so important about a steady land supply going forward, but also quality planned environments for people who are going to live here,” Richard Wayne said, showcasing a clear understanding of striking a balance between Victorians who want to invest in the housing market and providing quality homes and neighbourhoods for potential buyers.

According to the Whittlesea’s government page, the following are included in their proposed community infrastructure and services:

  • 5 places for local town centres (this will include spaces for schools, community facilities, parks, sporting reserves, retail and office employment space)
  • 2 convenience centres featuring small retail shops and another office employment area
  • 6 community centre sites (this will include a public library)
  • 6 primary schools (4 of which are government; 2 non-government)
  • 4 secondary schools (2 of which are government and the other half is non-government)
  • More sporting reserves
  • Local parks and a strong conservation area network

Donnybrook and Woodstock prove to be excellent places both for investors who are looking to diversify their portfolio and for buyers who are looking for their forever homes. With positive and concrete plans, the State Government wants to take a step into a brighter future for its local Victorians and the migrants who dream to live there.

About the Author

Trevor Norton

Introducing Trevor Norton, an influential author reshaping the urban real estate landscape through Spectrum Magazine. With a diverse background in architecture, finance, and urban planning, Trevor brings a multidimensional perspective to his readers. He dedicates himself to sharing invaluable insights and innovative strategies for navigating the ever-changing urban real estate market. Recognized for his fresh approach, Trevor empowers homebuyers and sellers with expert advice on financing and unlocking the full potential of urban spaces. Through his engaging writing style, Trevor invites you on a transformative journey, guiding you towards the boundless possibilities of urban homeownership.
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