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Westwood at Fraser Rise is Melbourne’s new property hot-spot

Market insights 2 weeks ago Read time: 3 minutes

Westwood is an idyllic residential community at Fraser Rise, boasting acres of parklands, recreational space and lifestyle-enhancing green spaces. Ideally situated in a well-connected locale, Westwood has access to a plethora of conveniences in Melbourne’s increasingly sought-after north-west. 

Land lots at Westwood Estate is selling from just $182,000, making this incredible real estate opportunity perfect for a range of discerning buyers. As a rapidly growing, thoughtfully designed estate, this positions Westwood as an intelligent and highly popular community within the Fraser Rise area. Westwood has sustained strong interest throughout the months of restrictions and lockdowns, taking the title of fastest-growing community in the Western Corridor, and impressively positioned in the top three preferred estates in the entire state of Victoria based on data collated for the month of May 2020.

Westwood parks

This immense success and continuing level of desirability is thanks to both the impeccable value on offer, as well as the unparalleled quality of life that has been crafted by the expert team behind Westwood at Fraser Rise. Situated mere minutes from Watergardens Railway Station, with convenient access to the Western and Calder freeways, Westwood is ideal for those hoping to maintain a vibrant and connected lifestyle. 

Westwood is Melbourne’s premier new community, featuring stunning, contemporary townhomes that exude style and functionality in equal measure – reflecting the dynamic demand of the market. Westwood also has a variety of other homesite options available, featuring traditional land lots in numerous land sizes and frontages – suitable for first home buyers or those looking to upgrade and embrace more space. 

Westwood life

The level of amenity and ideal location amongst planned beautiful parks, a 1.2km green spine named “The Walk”, wetlands and walking trails has made Westwood extremely popular with young families, hoping to establish roots in an amazing location while simultaneously securing an intelligent investment. The first two releases of townhomes at Westwood have completely sold out, indicating the high level of interest from engaged buyers. A collection of 3 and 4 bedroom townhomes are set to be released this month – in collaboration with leading builders of quality homes, Metricon and Fairhaven.

Westwood kitchen

Fraser Rise is emerging as a leading property hotspot for Melbourne, and continued success is guaranteed for the estate as the population of the city and its surrounding suburbs continues to soar. For this reason, Westwood at Fraser Rise is an extremely compelling investment.  Data captured for the Fraser Rise area in 2020 shows a median house price of $627,000 and annual house-price growth averaging an impressive 19.6 percent. 

The average house price for the area is continuing to rise, indicating the urgency to purchase in the north-west while it is an affordable option. The median house price for nearby Caroline Springs was $443,750 in 2015, which has increased to $625,017 in 2020 – demonstrating the area’s median capital appreciation of $181,267 in five short years.

Westwood at Fraser Rise

“The new community that is growing at Westwood is in an enviable position, having purchased their homes early at what is expected to be the next “it” suburb for capital appreciation in the Melton area. We’ve actually had entire families purchasing lots next to each other in Westwood, to position their families in better financial security,” says Michael Ching, marketing and sales manager overseeing Westwood. “We look forward to seeing these communities blossom in the coming years and for generations to come.” 

Situated just 30km from the Melbourne CBD, 25 minutes from the airport, and surrounded by the conveniences of the established suburbs of Caroline Springs, Taylors Hill and Plumpton, opportunities at Westwood at Fraser Rise won’t last long.

To find out more about securing your dream property at Westwood, click here.