Mickleham

Mickleham

 

Why Invest in Mickleham

There are currently 3142 residents living in Mickleham, a relatively new and growing outer Melbourne suburb which has experienced close on 9% growth year on year, with a 32.93% growth in the past 3 years alone ! … and contributes around $8.96 Billion dollars towards the Victorian economy

Mickleham boasts vacancy rates of 1.3% which is below the national value as rental property demand continues to grow

Mickleham has been designed as a major employment hub and currently has 65.6% of residents working full time where the planned business park will be larger than the Melbourne CBD, strategically located along the Hume Freeway

Located only 34km from Melbourne CBD, Mickleham is a major northern corridor planned growth hub providing new housing, manufacturing, retail, health, education and more to its rising population ensuring house prices in Mickleham continue to grow year on year with current median value reaching $500,000 in 2018. Did you know that Mickleham’s capital growth of 21% the past 12 months is beating that of Melbourne 13.2% ?

Low vacancy rates are keeping rental yields in a healthy position for investors who continue to identify with the potential Mickleham as a planned major employment hub demonstrates where 25,000 new jobs are planned for and the building of over 4,000 homes is required to house the growing population. Mickleham is primarily an owner occupied burgeoning city with only 5.1% of the homes being investment rental properties. Investors are sitting up and taking note of the potential of Mickleham in the years to come as it has all the correct fundamentals required to soundly underpin ones investment strategy

Demographics show that 97.8% of the population live in houses and only 1.7% live in semi detached housing; where 35.4% own their houses outright; Mickleham has a young demographic where the median age is 28 and 73% of the population have children where 61% are first home buyers

 

Merrifield Estate plans to be the vibrant new city of the north providing a thriving epicenter only 34km out of Melbourne, transforming over 770 hectares into a brand new vibrant city which will include a business park offering 25,000 new jobs to the 4,000 new lots on offer in Merrifield. Merrifield will also provide childcare, primary and secondary schools to meet the growing demand for education

This is a new model of urban community living establishing a 24 hour city in which a community can live, thrive, play and work. The urban community will also include parklands, business hubs, neighbourhoods, retail shopping, dining and other entertainment all linked by public transport to the flourishing city hub. The community will also have access to the community centre which is designed to be a multi-purpose activity centre with maternal and child health services, playgroups, neighbourhood programs and more

Picture a 165 hectare city centre precinct and over 300 hectares of business park creating this massive employment hub for local residents to Mickleham and nearby towns

Mickleham by design will grow both as an investment opportunity as well as providing a high quality of living for all it’s residents whilst including Health and Recreation facilities for residents to live well. With hectares of quality open spaces, parklands, green spaces, a lake and wetlands encompassing 40 km’s of walking, running and cycling tracks who needs to go anywhere else. The conservation areas will protect the fauna and flora for residents to enjoy the natural environments of local sites like the Kalkallo Creek. Picture a State Government initiative of a planned park which will be larger than Central Park in NYC whilst becoming a national landmark, right here in Mickleham

The proposed sporting complex will offer an aquatic centre, tennis courts, cricket and football ovals with club-rooms and pavilions. The proposed hospital and medical facilities will provide the community with ongoing health and wellbeing now and into the future 

Education needs will be well taken care of in Mickleham with proposed government and Catholic schools offering state of the art facilities from kindergarten, primary through to secondary college and a proposed adult learning university providing tertiary facilities and vocational training opportunities

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