Chat with us, powered by LiveChat

Local buyers enjoying positive outlook

If you’re a keen observer of the Melbourne property market you’ll be aware that the south-eastern suburbs in general, and the City of Casey area in particular, have attracted plenty of interest from home buyers in recent years.

Apart from the obvious lifestyle benefits that our area is known for, one of the key reasons behind this growing interest is the awareness of some substantial investments in infrastructure and community services that promise an even better lifestyle in years to come.

One example of this has been the ongoing upgrade of the railway lines that connect our part of Melbourne with the city, with a smoother flow of traffic being one of the key goals.

Another important project that you may be aware of, particularly if you happened to be driving around Frankston this week, is the redevelopment of the Frankston Hospital. We noticed that the surveyors have begun work preparing the site for what will be a major new public asset. In fact, this project is believed to be the largest hospital development outside the Melbourne CBD.

Due for completion in 2025, the expanded hospital will add 120 new beds, two new operating theatres and an additional 13 new emergency department beds. It will also provide a huge expansion of child and maternal health services including a new maternity ward, obstetrics ward, women’s clinic, paediatric ward and special care nursery, all of which will be great news for many of the young families that are now moving into the south-eastern corridor.

Another important aspect of the new development is that two levels of the 11-storey building will be devoted to mental health services, whilst there will also be more support for people battling cancer, with a new oncology ward and oncology day clinic.

With a build-up of key infrastructure in our local area like this, future residents of our area can look forward to additional benefits that will not only enhance our lifestyles, but potentially add to property values in the long term as well, which is always good news for local homeowners.

Of course, if you are interested in finding out what your property is currently worth, even if you are just curious or doing some financial planning for the future, you can call on our team at Barry Plant Cranbourne at any time on 5990 9400.

Cheers,

Barry Plant Real Estate

Cranbourne & Frankston