A Humble Eynesbury Introduction
Just forty minutes from the Melbourne CBD, Eynesbury Township is located between the vibrant areas of Melton and Werribee. Nestled in 1,500 acres of preserved open space, Eynesbury offers a truly rewarding lifestyle where you can still enjoy space, freedom and an established environment filled with indigenous flora and wildlife.
Eynesbury is bordered by a protected Grey Box Forest that forms an entry to the Township – a welcome home like no other. Along with lush green parks and walkways, playgrounds, a Championship Golf Course and an historic Homestead, it is an amazing place to live and grow. And in the center of it all – an existing and thriving community with a spirit of its own.
Eynesbury Master Plan
Currently, 4500 lots are approved for development as part of the master plan. A large town center (approximately 55,000m2) will comprise shops, office space, restaurants and medical facilities. Two additional roads will be built to connect the community to surrounding services and infrastructure.
Eynesbury will include all modern amenities, facilities and infrastructure
you would expect from a town of this size, including recreational grounds
and sporting facilities, government and independent schools.
Eynesbury Current Projects
Hyde Property Group is working closely with local council to deliver the Mt
Mary Rd to Ballan Rd project, which will connect Eynesbury directly to Wyndam and Werribee. Another major project currently being developed in conjunction with council are the Stage 1 sporting precincts and activity zone.
WEST GATE TUNNEL
$5.5 Billion – Planned (Est. Completion 2022)
The West Gate Tunnel project seeks to link the West Gate Freeway at Yarraville with Citylink at Docklands. The project is designed to provide safer and faster journeys, remove thousands of trucks from residential areas and create 6,000 jobs.
WESTERN HIGHWAY UPGRADES
$726 Million – Under Construction
Upgrades to the Western Highway include multiple safety improvements in the form of barriers, separating traffic lanes and a more efficient four-lane divided route. Infrastructure upgrades were commissioned to improve safety and journey times.
LAND ACQUISITION FOR NEW SCHOOLS
$70.5 Million – Planned
The Victorian State Government is planning on acquiring land to build an additional nine new schools in the growth areas of Clyde, Beveridge, Cranbourne, Cragieburn South, Eynesbury, Officer, Greenvale, Epping North and Wyndham South
EYNESBURY RECREATION RESERVE
$10 Million – Planned (Est. Completion 2021)
Construction of multiple sporting facilities, including outdoor basketball, netball and tennis courts, a senior size oval, as well as associated infrastructure, BBQs, and a carpark for 60 cars.
MOUNT MARY ROAD UPGRADE
$5 Million – Planned (Est. Completion 2018)
The upgrade aims to connect the Eynesbury residential development to Mount Mary Road. This development will increase accessibility by linking residents to Ballan Road in Wyndham Vale, which opens up the southern corridor.
ECLIPSE CHILD CARE CENTRE
$1 Million – Built (April 2016)
The new child care center in Eynesbury was recently completed in April 2016 and is currently fully operational. The development included an outdoor play area, associated landscaping and a car park.
Eynesbury Current Local Amenities
Eynesbury is located 35km from the Melbourne CBD. It is home to Eynesbury Homestead & Golf, which supports an 18-hole championship public golf course, accompanying equipment hire, a cafe, restaurant, bar and function facility. The golf course is ranked in the top 50 public courses in Australia. For retail amenity, residents can access the Woodgrove Shopping Center, which is an 11-minute drive away.
The shopping center is home to over 160 tenants, including Australia Post, Big W, Kmart, Woolworths, as well as the Bank of Melbourne and ANZ bank. The Eynesbury residential development is six times the area of Melbourne’s CBD, and features 630 hectares of dedicated open space, which is 50% of the whole development. These spaces offer residents views of the CBD skyline and a range of activities such as nature walking, polo and golf.
With over 3000 residents currently living in the community, Eynesbury already has many attractions, including an 18-hole Championship golf course and clubhouse. The historic Eynesbury Homestead boasts a function facility, thriving restaurant and bar. Then there’s the monthly farmers market, grocery store, childcare facility and an evergrowing number of playgrounds and sporting ovals.
Eynesbury is home to 630 hectares of open space with parts of the township offering residents views of the Melbourne CBD and activities such as nature walking, polo and golf.
There is a wide selection of schools within a short distance of Eynesbury that provide education at the primary and secondary levels. This includes Exford Primary School, Melton South Primary School, Heathdale Christian College, Melton Christian College, Werribee Secondary College and Al Iman College. Also included in the local catchment is Bacchus Marsh Grammar, an independent co-educational school that offers education from grades 1 to 12 and is a consistent performer in VCE examinations.
Eynesbury Transportation Network
Residents can access Melton Railway Station via a 10-minute drive from Eynesbury. Melton Railway Station supports V-Line services to Ballarat, Maryborough, Ararat and Melbourne’s CBD. This train service will take passengers to Southern Cross Station in approximately 40 minutes.
Eynesbury benefits from road connections to the Melbourne CBD and Melbourne’s Western suburbs via the Western Highway (M8). A trip to Melbourne’s CBD via the M8 will take roughly 45 minutes from Eynesbury.
Eynesbury Employment Fact
Local area statistics indicate that a high proportion of residents both live and work within their area of residence. A large proportion of residents also work in the Melbourne CBD, supporting the rising white collar population in the western suburbs of Melbourne.
Between the years of 2006 and 2011, both Eynesbury’s white collar and blue collar worker population grew by 30%. This figure is significantly higher than that of the 2 municipalities surrounding Eynesbury as well as Greater Melbourne, reflecting the broad appeal of Eynesbury to a growing population.
Plan Melbourne, the State Government’s Metropolitan Planning Strategy, identifies the Western Sub-Region as a key area for growth. Eynesbury is located in this sub-region, which is nticipated to accomodate around 300,000 jobs by 2031.
Demographic Of Eynesbury
Eynesbury overlaps the boundaries between the Cities of Wyndham and Melton, two of the fastest growing Local Government Areas in Greater Melbourne. Average annual population growth between these two municipalities was 6.5% between 2001 and 2016. This represents a total population growth of 222,300. This growth rate is expected to rise in the years to 2031, with a forecasted population increase of 236,100. Average household income in Eynesbury has increased by a significant margin in the five years to 2011. On average, household incomes grew from $68,527 to $107,541, representing a 57% increase. This is much higher than the City of Wyndham’s increase of 26% and the City of Melton’s increase of 24% over the same period. Eynesbury’s average household income is also higher than Hawthorn, a prestigious inner eastern suburb of Melbourne. Additionally, average per capita incomes in Eynesbury are also 26% and 34% higher than the City of Wyndham and the City of Melton respectively.
The 30-39 and 50-64 age brackets represent 26% and 18% of the Eynesbury population respectively. Families also make up 88% of household structures, suggesting a strong housing market for young families and downsizers. These statistics indicate the collective offer at Eynesbury has attracted higher income family households to larger lots and open space, which represents a rare combination in the rapidly growing western Melbourne land market.
Eynesbury Housing Index
Eynesbury’s residential market has performed strongly, with the suburb achieving a median house price growth of 16% in the year to December 2016. This is approximately 4 percentage points higher than the median price growth achieved by houses in the City of Wyndham and 8 percentage points higher than houses in the City of Melton.
Median land lot prices in Eynesbury also achieved a premium over its two municipalities. The median sale price of houses in Eynesbury was also 37% less than the median price in Greater Melbourne as recorded in the year to December 2016. This makes houses in Eynesbury not only a highly affordable product, but also one that is experiencing high levels of price growth.
Houses accounted for 99% of all dwellings within Eynesbury at the last census, although more recently, demand has spread to semi-detached product including rear loaded lots. Growing demand for all types of housing in the western corridor provides further opportunities to target differentiated lot sizes and price points to cater to the market.
Eynesbury Rental Market
The total growth in submitted rental contracts over the decade to December 2016 was 113% for 2-bedroom houses, 97% for 3-bedroom houses and 483% for 4-bedroom houses. This suggests that the market can absorb additional rental properties.
Total weekly rent growth increased by 87% for 2-bedroom houses, 57% for 3-bedroom houses and 48% for 4-bedroom houses over the same period. Healthy rent growth coupled with the ability to absorb new supply indicates sustained rental demand and a stable market.
Buying Eynesbury House and Land
Eynesbury Owner’s Corporation Fee
Once your land title has been registered, you’ll automatically become a member
of the owner’s corporation that sets out the rules that all owners are bound by.
As a member of the owner’s corporation you’ll have the right to use common
property at Eynesbury. As an owner you’re required to contribute fees for the
repair, maintenance and management of the common property.
The owner’s corporation fees are approximately $1,100 per annum (invoiced quarterly).
A significant portion of the fees goes towards the maintenance and protection
of the four environmental protected areas. The remainder is split between township maintenance of nature strips and lane ways, administration of owner’s corporation, insurances and community events.
Please note: owner’s corporation fees are not used for golf course maintenance. The Eynesbury Owner’s Corporation is managed by Quantum United Management (QUM).
Environmental Management Plan (EMP)
When Eynesbury was first approved for development, there were guidelines established for the environmentally sensitive areas surrounding the town. The EMP was created to maintain and protect those areas for future generations. This ensures that what makes the Eynesbury township so unique is safeguarded.
The Design Review Panel
Within the Eynesbury Design Guidelines specific provisions exist for development within the township. Once you have agreed on building plans, your builder will apply to the DRP. If all aspects of the plans meet the Design Guidelines the DRP will officially approve the plans.
Representing the Victorian architecture and landscape of a country town, the Design Guidelines have been drafted to uphold the overall country/community feel. Existing as a set of minimum requirements, The Harmony of Living Building Codes protect the future integrity of Eynesbury and its unique standing.
Eynesbury House and Land Price
With a starting price as low as $550,000 to own a dream home, it is no wonder investors and home buyers are now looking at Eynesbury. Talk to us today for the opportunity to get your own home for work, retirement or even for investment. Find out how you can own a home in Eynesbury as a foreigner today.
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