Brisbane-based <a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co Developments</a> has officially launched its $250million COMO apartment development in Varsity Lakes, while simultaneously commencing construction.&nbsp;

Building work is now underway at COMO following the appointment of <a href="https://www.apartments.com.au/builders/5point-projects">5Point Projects</a> as contractor to deliver the boutique development which will rise on a 2857 sqm site overlooking Lake Orr at 22 Lake Street.

When completed, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO</a> will comprise 156 apartments across 16 levels located in the heart of Varsity Lakes.

[smartcode_project:default project_id=135546 project_image_fid=363515]

The project, which will sit alongside Bond University, will deliver a diverse array of apartment designs comprising one-, two- and three-bedroom residences that have already attracted interest from local and interstate investors as well as an array of owner occupiers looking to gain a foothold in the precinct.

Red &amp; Co, which has largely focused on the Brisbane market in recent years where it has delivered more than 500 apartments and townhouses across 26 projects, has designed COMO to combine tranquil, lakeside living with the vibrant urban convenience of the vibrant Varsity Lakes village.

“We’re thrilled to announce a start to construction of COMO in conjunction with the official launch of the project, our first for the Gold Coast,” said Red &amp; Co Director and Co-Founder David Laverty.

[smartcode_project:default project_id=135546 project_image_fid=363509]

“COMO is superbly positioned to capture the essence of the Varsity Lakes village lifestyle and its thriving café and dining precinct, while delivering a much-needed diverse supply of premium residences for the local market.

“Pre-launch inquiries have been strong among both local and interstate investors and owner-occupiers, including downsizers and upgraders who appreciate the value proposition that COMO represents.”

Prices at COMO start from $1,000,050.

[smartcode_project:default project_id=135546 project_image_fid=363511]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the COMO development incorporates an extensive range of amenities for residents including a 25-metre rooftop lap pool, sundeck, barbecue and dining areas, as well as multiple rooftop pickleball and paddleball courts, a wellness and activity centre, gym, sauna, plunge baths and landscaped gardens.

“COMO presents a rare opportunity to secure a stylish, lifestyle-focused home in one of the Gold Coast’s most sought-after neighbourhoods,” added Laverty.

“The rooftop will be the epicentre of fun for residents with an array of amenities for residents that are quite unique for a boutique project such as this, all while offering spectacular vistas across the Gold Coast as far north as Southport and south to Burleigh.”

[smartcode_project:default project_id=135546 project_image_fid=363514]

&nbsp;

Red &amp; Co has chosen the Varsity Lakes site for its proximity to top-tier schools, major shopping hubs, such as Robina Town Centre and its CBD offering, as well as key Gold Coast transport links, including Varsity Lakes Train Station.

COMO will be located just a short walk to shops, cafes and restaurants in Varsity Lakes and just a 10-minute drive to the Burleigh Heads beachfront.

With construction currently underway, Red &amp; Co anticipates COMO will be completed in 2028.

[smartcode_project_cta:default project_id=135546]

Joel Robinson

Red & Co to launch debut Gold Coast development Como Varsity Lakes as construction commences

Longstanding Gold Coast developer Raptis has acquired a prime development site on Surf Parade for its next Broadbeach apartment project.

Progressing towards completion of <a href="https://www.apartments.com.au/new-apartments/the-sterling-broadbeach-6-8-george-avenue-broadbeach-qld-4218">The Sterling Broadbeach</a>, 90 apartments on nearby George Avenue, <a href="https://www.apartments.com.au/developers/raptis">Raptis</a>, led by second-generation family man Evan Raptis, has picked up a block on the corner of Surf Parade and First Avenue.

The site had been earmarked for a luxury apartment project with 33 full-floor apartments across a 37-storey tower. Raptis will go back to the drawing board and create a building more appropriate for the site. The development application will be lodged later this month.

Evan Raptis told Apartments.com.au the site ticks all the boxes.

"Broadbeach is a suburb we've developed several buildings over the years. Surf Parade ticks all the boxes for the type of apartment development we want to deliver."

Raptis had several pre-lodgement meetings with council to ensure they are aligned in the development.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="f0d58573-07a4-47a8-9f5e-fbf35fb03dc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-05%20at%204.58.23%E2%80%AFPM.png?VersionId=iczZEd_4_o4UL0PHMPJGfy_q3tv96J5i" />

Surf Parade has emerged in recent years as one of the most popular streets in Broadbeach for development.

South East Queensland developer Mosaic Property Group kicked it off with Marella by Mosaic. Bassar Group sold out Infinity on the street, while for its&nbsp;first Gold Coast development, Polycell grabbed a Surf Parade site for <a href="https://www.apartments.com.au/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach-qld-4218">The Rochester</a>, which is nearly sold out.

Melbourne-based developer Hirsch &amp; Faigen recently launched its fourth Gold Coast project on the exclusive strip. The Eveleigh Broadbeach will have 100 apartments across a 31-storey building designed by Rothelowman.

GV Property Group site development specialists Antonio Mercuri and Luke Reaby, who both amalgamate sites and sell shovel-ready sites to developers up and down the Gold Coast, sold Surf Parade to Raptis.

Raptis secures prime Surf Parade site for next Broadbeach apartment development

Less than two years after breaking ground, Gardner Vaughan Group is celebrating the topping out of Bask, its second development in the exclusive coastal enclave of Bokarina on Queensland’s Sunshine Coast.&nbsp;

Located only minutes from the beachfront, the two seven-storey luxury apartment towers, known individually as Mydas and Caretta, offer a selection of one-to-four-bedroom residences with views of Lake Kawana, the Glasshouse Mountains, and Bokarina Beach.&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=333359]

Gardner Vaughan Group Commercial Director Sam Gardner said the milestone marks the home stretch for construction, with first residents expected to be able to move in from Spring 2026.&nbsp;

“This is a significant milestone in bringing this development to life and represents our confidence in this region’s long-term growth and appeal,” Gardner said.&nbsp;

“With 85 per cent of apartments already sold, buyers are joining an established, coastal village that offers the very best of the Sunshine Coast – seasonally patrolled surf beaches, renowned restaurants, and links to established health and retail.&nbsp;

“The final collection of three- and four- bedroom apartments range in size from 127sqm to 300sqm, each with two or three secure car parks and storage, and with construction fast approaching completion we don’t expect the last few apartments to remain on the market for long.”&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=333362]

Local restaurateur Luke Stringer, who co-owns and manages the award-winning Bocca Italian and Playa Mexican restaurants in Bokarina, has lived in the beachside suburb for 18 months and worked there for more than three years, and said the beachside suburb was thriving.&nbsp;

“It’s fair to say Bokarina is finally stepping into the sun and there’s a lot to love about the place,"&nbsp;Stringer said.

"It’s such a great community, where you see the same smiling faces every morning and everything’s within easy reach – it’s the perfect hub in the middle of the Sunshine Coast.

“When we first opened Bocca Italian, we were the lone restaurant, but it’s been amazing to see how the area has grown. The more venues that open, the busier it gets for everyone. When Playa Mexican opened its first Saturday night, Bocca had a record night and Playa was packed too, which blew us away how everyone is thriving.&nbsp;

“There’s a great energy around the place now, and people are really embracing Bokarina as a food and lifestyle destination.”&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=363368]

Stringer joined other buyers at Bask Bokarina and the Gardner Vaughan Group team to celebrate the topping out at a special event in February.&nbsp;

Located in Kawana Waters, midway between Caloundra and Maroochydore, Bokarina locals enjoy scenic walking paths around Lake Kawana, playgrounds, beachfront boardwalk and parklands, alongside all the convenience of a masterplanned beachside community.&nbsp;

“You see people jogging or swimming in the morning, then grabbing coffee at the cafes, people are really embracing the area and all this growth is bringing more people to Bokarina,” Stringer added.&nbsp;

To take advantage of the vistas, each of the 135 apartments at Bask is designed with full size windows and high ceilings that provide an abundance of natural light.&nbsp;

Prices for the remaining three-bedroom apartments start at $1,599,000 and four-bedroom apartments start at $3,149,000.&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=363369]

The mixed-use development also features ground-level retail space for cafés, dining options and boutiques, including the soon-to-be-opened ‘Corner Shop’, by the team behind Noosa’s well known ‘Organika’.

Sam Gardner said Gardner Vaughan Group’s 37-year history building and developing across South East Queensland has contributed to the success of its second development in Bokarina, which follows the recently completed Zinc Apartments.&nbsp;

“We care how people live and this is reflected in the way we approach the design and delivery of every development,” he said. “Furthermore, as a builder-developer we have full control over the construction program and our 100 per cent completion rate is something people can draw confidence from.”&nbsp;

Founded by civil engineers Guy Gardner and Darryl Vaughan in 1989, the family-owned business has evolved from a consultancy firm to an award-winning builder-developer, with projects across the Sunshine Coast, Moreton Bay, Brisbane and the Gold Coast.

[smartcode_project_cta:default project_id=141609]

Gardner Vaughan Group tops out Bask Bokarina apartments

Prolific Melbourne developer <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> has launched its fourth new Gold Coast development in as many years.

<a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a>, led by Daniel Faigen and backed by Eddie Hirsch, co-founder of United Petroleum, has unveiled The Eveleigh, on a prime 1,100 sqm site at 7-9 Surf Parade in the heart of Broadbeach.

<a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a> will deliver 100 apartments across 31 levels, making it the company’s largest Gold Coast project to date. It builds on the success of its three earlier developments, <a href="https://www.apartments.com.au/buildings/hemingway-1267-1273-gold-coast-highway-palm-beach">The Hemingway in Palm Beach</a> and <a href="https://www.apartments.com.au/buildings/emerson-kirra-100-musgrave-street-coolangatta">The Emerson at Kirra</a>, both completed, and <a href="https://www.apartments.com.au/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>, which is nearing completion.

[smartcode_project:default project_id=149670 project_image_fid=360966]

The announcement of The Eveleigh affirms the company’s sustained confidence in the Gold Coast market which continues to remain undersupplied. It also increases the value of Hirsch &amp; Fa​igen’s Gold Coast development portfolio to more than $700 million since the company first entered the market in 2021 with Hemingway.

The company has enlisted its preferred architecture firm Rothelowman to design The Eveleigh, which will offer a thoughtfully curated lifestyle, including a substantial wellness precinct, communal recreation areas, children’s play spaces, work-from-home facilities, and shared lounge and dining areas.

[smartcode_project:default project_id=149670 project_image_fid=360965]

Designed for the prime market demographic of downsizers and interstate lifestyle investors in mind, The Eveleigh has been crafted to offer an increasingly rare blend of affordable luxury in a tightly held market. Uniquely positioned in the heart of the Gold Coast’s most sought-after lifestyle suburb of Broadbeach, the project will also boast uninterrupted beach and hinterland views.

The Surf Parade site is just a short walk to the bustling Broadbeach dining and retail precinct, Pacific Fair, The Star Gold Coast and convention centre, and an easy stroll to Kurrawa Beach and the recreational amenity of Pratten Park on the Broadbeach foreshore.

[smartcode_project:default project_id=149670 project_image_fid=360975]

“We’re excited to be proceeding with our fourth project on the Gold Coast in what is certain to become the new luxury precinct in Broadbeach,” says Anthony Bueti, the CFO of Hirsch &amp;a​mp; Faigen and a shareholder of the group.

“With the likes of Mosa​ic and Abedian &amp;a​mp; Co also launching quality projects in the area, the transformation will cement Broadbeach as the premier lifestyle and amenity suburb on the Gold Coast.

"After four years in the Gold Coast market, and with three successful projects completed, The Eveleigh is the product of everything we have learned to love about the Gold Coast and it will be an incredible addition to our growing portfolio in one of the most vibrant property markets in the country. We continue to remain very confident in the high-end Gold Coast property market.”

Urban Activation Director Matt George is handling sales for The Eveleigh, having sold out The Emerson, The Hemingway, and Yves, all before construction was completed.

Melbourne builder MAXCON has already commenced construction on The Eveleigh. They are forecasting a mid-2028 completion.

[smartcode_project_cta:default project_id=149670]

Hirsch & Faigen unveils The Eveleigh in Broadbeach

Two years after securing development approval for the final stage of its award-winning Thornton Precinct on the doorstep of Penrith Station, Urban Property Group is set to launch <a href="https://www.apartments.com.au/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith-nsw-2750">Mayfair on Penrith</a>, around 400 apartments designed to reflect two of Sydney’s most iconic structures.

The builder-developer has continued refining the design plans for the two-building development on a significant 8,280 sqm site on Sheffield Circuit, recognising the importance of the prime parcel as one of the closest developable sites to the station.

UPG enlisted architecture firm SJB to design the project. The team said they drew inspiration from both the General Post Office in Martin Place and East Circular Quay to help shape the design. The two-level colonnade, in particular, reflects the famous GPO building, which dates back to the 1860s.

[smartcode_project:default project_id=136726 project_image_fid=362014]

There will be one-, two-, and three-bedroom apartments on offer, with interiors by Cox Architecture. Residences will sit above a retail podium featuring hospitality and lifestyle operators such as One Playground and Volcano’s Steakhouse, contributing to an activated ground plane within the broader Thornton precinct.

A communal rooftop with a pool and views towards the Blue Mountains will provide shared open space for residents. The development is positioned between Ron Mulock Oval and Westfield Penrith, with the Nepean River and Great River Walk also nearby, placing daily amenity and green space within walking distance.

&nbsp;

[smartcode_project:default project_id=136726 project_image_fid=362015]

Mayfair is being delivered by Urban Property Group, a family-owned developer and builder with nearly 40 years’ experience across Sydney. The project will be the first in Penrith to be offered with Resilience Insurance’s 10-year Latent Defects Insurance (LDI) policy, which Urban Property Group has adopted across a number of its recent developments. The developer also has a 4.5-star iCIRT rating, one of the best ratings in market providing further confidence to buyers.

Urban Property Group CEO Patrick Elias said providing additional assurance to off-the-plan buyers has become increasingly important.

“Anything we can do to give confidence in our product is a plus,” Elias told Apartments.com.au.

“Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They’re making their single large investment, which is their home, and providing confidence is something that we feel is paramount.”

[smartcode_project:default project_id=136726 project_image_fid=362020]

The LDI policy provides a 10-year warranty covering structural defects, with independent inspections carried out during construction and protection for owners if defects arise post-completion.

Mayfair represents Urban Property Group’s sixth and final development within Thornton, consolidating the masterplanned precinct immediately east of the station.

The developer, which builds its own projects, has already commenced construction. SRM Residential is handling the sales campaign.

[smartcode_project_cta:default project_id=136726]

Urban Property Group to close the curtain on award-winning Thornton precinct with Mayfair on Penrith release

Melton

<html><body>
Melbourne’s newest, masterplanned residential development by EIG Developments, Opalia, was last launched last Saturday.
The debut release, <a href="http://www.opalia.com.au" target="_blank">Eaglevale</a>, had 31 lots ranging in size from 231 square metres to 670 square metres.
EIG Developments’ CEO George Georgiou said that as of four days after release, 95% of lots has sold and that affordability is critical for families.
In launching the development, the City of Melton Mayor, Bob Turner, said that Melton is one of the fastest growing municipalities in Australia.
He said the the area combined urban and rural lifestyles within a comfortable commuting distance of Melbourne.
"Melton Council embraces the opportunity to work collaboratively with developers and, across all levels of government to deliver quality infrastructure and services for our growing community," Turner said.
"Opalia is truly a community where residents can come together, to gain a real sense of belonging and feel they are part of something special."
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j.ballantyne1990-6AQqhLzZaK

Opalia's first release 95% sold out after four days

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Entry level home buyers in Greater Melbourne experienced jump in the time taken to save for a house, adding an extra eight months from last year according to a report released this week by Domain. 
"This is likely an impact of the influx of first home buyers increasing demand at the lower end of the market since the Victorian government abolished stamp duty for first home buyers, an increase of 37 per cent compared to last year”, stated the report  “Those looking to purchase quickly can look to areas like Melton, where the entry house price is $424,000 and the time to save a deposit is 4.3 years."
<img src="https://gallery.mailchimp.com/b16c0b957ea98f662ab985606/images/665a9107-e074-4cb3-b1dc-722845f7c7e4.png">
There was a indicative sale at 3 Cassia Road, Melton (pictured below), a three bedroom, two bathroom house, which sold for $448,000 last month.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/28/Melton%203%20Cassia%20Road.jpg" alt="">
"For house hunters looking to be closer to the CBD, areas like Maribyrnong, approximately nine kilometres from Melbourne’s CBD, are a strong option with unit entry prices at $360,000 and a time to save of 3.7 years."
<img src="https://gallery.mailchimp.com/b16c0b957ea98f662ab985606/images/c895e225-6bae-40f5-8561-a14da31ee6a7.png">
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Melton ranked as the quickest FHB path to house ownership in Greater Melbourne: Domain

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Some 35 kilometres west of Melbourne CBD, the City of Melton is a flat plain with a farming history, that seems to be finally making a bit of a mark.
<a href="/news">Melton</a> and <a href="/news">Melton South</a> are fast growing, well-serviced areas, but ones that may not be seeing any real capital growth for some time. This means good things for home buyers looking to get in over the medium-term, and yet it also doesn't appear investors are being put off by the hefty amounts of supply coming onto the pipeline or up for sale at present.
Part of the restraint on property prices is the steady release of land occurring around the area. Just over the past weekend, a Lend Lease <a href="/expert-insights/building/how-to-navigate-a-house-and-land-display-home-launch">display home launch attracted the attention of Property Observer</a>, promising residence for up to 4,000 people. Atherstone, the Lend Lease development, is just one in a stream of new house and land developments for the area that look to bring in families and quality new homes.
<blockquote>
The vacancy rate in the area currently sits at a fairly tight 2.2%, however there are a number up for rent at present.
</blockquote>
With another house and land creation, from developer <a href="https://www.waterfordlife.com.au/" target="_blank">608 Property, called Waterford</a> just a five minute drive further on down the road, and still many blocks unsold in the somewhat more built up but new offerings around the Exford Road end of Bridge Road itself, it remains unclear how long it will take for this supply to be absorbed. <a href="https://www.toolernwatersestate.com.au/" target="_blank">Toolern Waters</a> is also a short drive away, a 960 lot masterplanned development.
The vacancy rate in the area currently sits at a fairly tight 2.2%, however there are a number up for rent within the suburb and there appears to be little competition for some of the larger blocks - with demand dropping off the further away from Melton Station you get, which is actually located in Melton South's upper end. This is largely a house-dominated area, with few units to speak of around the Melton and Melton South suburbs.
KEY STATS ABOUT THE CITY OF MELTON
<ul>
<li>6,800 businesses registered 
</li>
<li>16,139 jobs</li>
</ul>
COUNCIL PLANS FOR 2030
<ul>
<li>67,675 additional dwellings. 
</li>
<li>185,170 additional residents. 
</li>
<li>New activity centres in Plumpton, Rockbank, Rockbank North and Hopkins Road, and a new Metropolitan Activity Centre in Toolern. 
</li>
<li>Growth in manufacturing industry.</li>
</ul>
Source: City of Melton Council
Melton South and Melton are structured around two main roads - Exford Road, which turns into Station Road and cuts through the middle of Melton South, and High Street, the main shopping strip for the area that is also home to a number of different real estate agencies. In addition to the High Street shops is Woodgrove Shopping Centre, that underwent the beginning of an $88 million expansion project in 2012 to more than double the centre by the end of 2013, which is complemented by the nearby and newly built Melton Library and Learning Hub that completed in June last year. It's worth noting that both of these relatively new pieces of infrastructure are usually busy with residents, and spoken of with some pride.
<blockquote>
The Melton Council also has their "growth" hat on, encouraging the creation of new suburbs and the strength of the area.
</blockquote>
This reflects the plan for the area, which saw a 2004 population recorded at 71,350 and a current 2020 population projection from the Department of Sustainability and Environment of 130,919. It appears this may be easily surpassed, with the City of Melton council estimating a total population of 125,409 as of 31 December 2013, with their estimates looking at "more than 241,000 by 2031", which would make the area the size of the Sunshine Coast. The Council also has their "growth" hat on, encouraging the creation of new suburbs and the strength of the area in their recent Economic Development and Tourism Plan 2014 to 2030.
Melton South is socioeconomically the most disadvantaged area within the City of Melton. However, compared to Greater Melbourne, the City of Melton is middling when looking at socioeconomic disadvantage. Police presence is, however, still heavy around Melton train station and it appears that it does have something of a stigma to shake off with signs noting it is a high crime location.
Within Melton South itself there is a smaller shopping plaza near the station, with a discount store, bakery, liquor shop, fruit and vegetable store, restaurant, Woolworths and other necessary outlets. There are also a number of take out shops, a fabric store, a tattoo parlour and a video store on the opposite side of the station. The City of Melton is noted to have one of the highest worker/local job ratios across the metropolitan growth areas, evidenced by the large number of signs up for local home-based businesses, yet despite this the 7am work day train to Southern Cross is continually full.
PROPERTIES OF NOTE
If you're a heritage property enthusiast, then it's worth an amble through the neighbourhood and down Exford Road, to where the notable Glenloth at 54 Exford Road - a council owned Edwardian-style beauty that is fairly unkempt - is located.  Originally on a large rural land holding, called Exford, it is now in the suburban context on a reduced block, and is noted as having local significance.
<blockquote>
More expensive properties, while seeing less rental interest, can achieve around $300 to $350 per week return.
</blockquote>
The Shire of Melton Heritage Study - Volume 4 notes that it "expresses one of the major themes of Australia's history - the contest between large pastoralists and small farmers for the land - and the abiding power of the yeomanry well into the twentieth century.
"The break up of the massive pastoral estates at the beginning of the twentieth century market a major new era in the history of Melton. The Shire was transformed by the Closer Settlement and Soldier Settlement Acts, as the emergence of new communities necessitated new roads and bridges and new primary schools."
Now there are a number of schools, churches, parks and even a university campus within the local area.
Buses run through, however it's poorly connected for anyone who doesn't work nine to five, prompting a busy taxi service to currently service the area. Similarly, the train takes 35 minutes on express to Southern Cross, however isn't a hugely frequent service during morning peak hour. This may be shaken up under plans long-discussed for the area, with potential additions at Deer Park West, Caroline Springs and Toolern, and might challenge some of the city dwellers' perspectives that Melton is "far away".
Despite remaining a fairly quiet area, the community remains shaken by a house fire and subsequent death of teenager Daniel Sheehy back in 2012, and occasional acts of vandalism around the time of the anniversary take place. While this comes as a surprise to some, locals confirmed that this has happened for the past few years and it is common to see graffiti on fences.
<blockquote>
SUBURB STATISTICS - MELTON HOUSES
MEDIAN PRICE: $245,000
MEDIAN ASKING RENT: $250 PER WEEK
INDICATIVE RENTAL YIELD: 5.31%
AVE. TIME ON MARKET: 88 DAYS
</blockquote>
With all of this occurring, it's unsurprising that Melton has already secured itself a place on many a person's "to watch" list. In 2012, it <a href="/news/vic/top-10-victorian-capital-growth-hotspots-with-ivanhoe-a-shining-star-for-past-five-years-reiv">scored in the Top 10 for the Real Estate Institute of Victoria's capital growth suburbs</a> for the year, meanwhile in August last year <a href="/news/melton-forecast-to-grow-strongly-over-next-25-years-prdnationwide">PRDnationwide forecasted strong growth for the area</a> over the next 25 years. The end of 2012 saw <a href="/expert-insights/investing/property-market-picking-up-in-outer-melbourne-suburb-of-melton-thanks-to-improved-buyer-sentiment-hockingstuart">Hockingstuart providing some good news about the Melton area</a> as well, with the market picking up in the top end. Melton's "top end" sits around the $400,000 mark, with the more common investment purchases being from $200,000 to $250,000 with rent from $250 to $285 a week. More expensive properties, while seeing less rental interest, can achieve around $300 to $350 per week return.
In fact, Melton has <a href="/news/vic/from-melton-to-berwick-the-33-melbourne-suburbs-with-affordable-three-bedroom-apartments">topped "cheapie" lists </a>on Property Observer for some time, and is unsurprisingly attractive to first home buyers for this reason, and for investors - with the market picking up and recent <a href="/expert-insights/buying/melton-south-cheapie-sells-for-190-000-reflecting-6-16-yield">sales to investors in Melton South being noted by local real estate agents</a>.
Listings websites are currently flooded with either cheap and new (or cheap new) properties, including many in the low-$300,000 bracket, as well as the occasional multi-million dollar rural listing.
For instance, <a href="https://www.realestate.com.au/property-house-vic-melton-116063279?listingType=buy" target="_blank">141 Barkers Lane, Melton</a> (pictured below) is listed for $249,699 (which includes a $10,000 FHOG, the advertisement reveals).
The three-bedroom, two-bathroom new offering includes two garage spaces, colour bond fencing and a modest 250 square metre block, from Sherridon Homes. It's centrally located.
<img src="/images/2014/04/10/melton%20april%2010%20one.jpg" alt="">
Meanwhile, <a href="https://www.realestate.com.au/property-house-vic-melton-116403767">2 Scott Street, Melton</a> (pictured below) is listed for $249,000 over 717 square metres, with a suggested possibility for subdivision.
The four-bedrooms, one-bathroom, two-car port home also has a 6X7 metre shed and ducted cooling and all bedrooms come with built in wardrobes. It appears the house could do with some updating, but is in fairly good condition.
<img src="/images/2014/04/10/melton-april-10-two.jpg" alt="">
For more specific statistics on Melton, and its surrounding suburbs, you can <a href="/news">view the relevant data page here</a>.
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