Cardinia Shire , South-east of Melbourne
Strong population growth is driving property sales in the main towns of Cardinia Shire.
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.
With a developer now proposing to build a $7 billion private airport, Cardinia’s prospects have lifted significantly, although this is a project with long-term horizons.
Offering a plentiful supply of houses priced under $450,000 and within commuting distance of major Melbourne employment nodes, Cardinia Shire is becoming increasingly worthy of consideration by property investors.
This report covers the suburbs of Beaconsfield, Bunyip, Emerald, Koo Wee Rup, Lang Lang, Officer and Pakenham.