Cardinia Shire , South-east of Melbourne
Strong population growth is driving property sales in the main towns of Cardinia Shire, attracting the attention of the Federal Government which plans to spend $70 million on upgrading Racecourse Road, Pakenham - a major arterial road .
By 2036 the population of the shire, which sits just outside the Melbourne metropolitan area in the south-east, is expected to have almost doubled from 94,000 now to around 180,000.
Cardinia Shire was named in the State Government’s growth strategy document - Plan Melbourne - as the potential site of Melbourne’s third airport. Cardinia has the advantage of being near the Port of Hastings and therefore has the potential to become a key player in a freight transport network.
Improvements to the Metro Train network now under way will also reduce travel times to the Melbourne CBD and key employment hubs.
Good capital growth, affordability and connectivity to job nodes make properties in the Cardinia Shire worthy of consideration for both home owners and investors.
This report covers the suburbs of Beaconsfield, Bunyip, Emerald, Koo Wee Rup, Lang Lang, Officer and Pakenham.