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Your guide to buying an investment property
Melbourne's property market is often a popular choice for property investors and in recent years, the western suburbs have emerged as a standout region. Suburbs such as Williams Landing, located within Wyndham City, are quickly transforming into hotspots for real estate investment, sought after for the combination of affordability, range of nearby amenities, and future growth potential. Read on as we look at the many benefits of investing in Melbourne’s west.
Affordability and Value for Money
Compared to Melbourne's inner and southeastern suburbs, property prices in the west offer fantastic value for money. While the median house price in inner-city areas often exceeds $1 million dollars, suburbs in the west, such as Williams Landing boast a median house price of $780,000[1]. In addition to this, the median price for houses in Williams Landing has increased by 18.74%[2] over the last five years showcasing strong growth in the suburb. This affordability appeals not only to first home buyers looking to get onto the property ladder, but also to investors seeking properties with strong yields and long-term growth potential.
Williams Landing offers a variety of residential properties including houses, townhouses and apartments that feature contemporary designs, whilst also providing excellent value for money. It’s known for its newer developments, range of housing options, and access to a host of modern amenities, making the location ideal for families and professionals alike.
Strategic Location and Connectivity
Melbourne's west, and in particular Williams Landing, enjoys excellent connectivity to the city and Geelong. The Princes Freeway provides direct routes into both Melbourne’s CBD and Geelong, making commuting a breeze. Williams Landing is home to a major transport hub and features a train station which offers regular services to the city, alongside a bus network connecting residents to nearby suburbs. This accessibility boosts the appeal of the area for tenants and buyers who work in the city but prefer suburban living.
State and local government’s investment in transport infrastructure has been instrumental in the region's growth. Projects such as the West Gate Tunnel project and ongoing upgrades to roads and public transport aim to reduce congestion and improve traffic flow making the west even more appealing. Williams Landing is also set to benefit from some new upgrades after the recent announcement of benefit from some new upgrades after the recent announcement of Growth Areas Infrastructure Contribution (GAIC) allocating $4.5 million[3] worth of upgrades to the station.
Population Growth and Development
Wyndham City is one of Australia's fastest-growing municipalities, with a population expected to rise dramatically in the coming years. This growth is driven by affordability, proximity to the city, and a range of amenities, including parks, sports grounds, shopping precincts, education facilities and transport links.
Backed by the Victorian State Government as a Priority Development Zone, the 50ha Williams Landing Town Centre sits in the heart of Williams Landing and has been custom curated to promote business growth and development, and function as the centre of Melbourne’s west. With the ABS recording a 46% increase in the number of businesses in Wyndham between 2020 –2023[4] and an estimated +52,000 new jobs in Wyndham by 2031[5], Williams Landing is well-equipped to support future population and business growth with over 39,000 sqm (NLA) of completed office and retail space to date with more to come.
Infrastructure and Amenities
One of the most attractive aspects of Melbourne's west is the region’s ongoing infrastructure development with significant investments in education, healthcare, and recreation facilities.
Williams Landing is a prime example of this investment with the suburb being home to a range of medical facilities, early childhood education, and an abundance of parks and recreational spaces. The suburb features a shopping and retail precinct, as well as a business precinct, which has attracted a range of businesses and companies, providing employment opportunities and supporting economic growth. On completion of Hudson Hub, the latest office building under construction, Williams Landing will be the home to over 300 businesses.
Strong Rental Demand
Thanks to its accessibility, affordability, and growing infrastructure, the western suburbs have experienced a strong demand for rental properties. Williams Landing, with its modern housing stock and proximity to transport links, is highly attractive to renters and investors alike with a median rental price of $580 per week for houses[6], up 28.88%.[7] over the past five years. Professionals, students, and families are drawn to the area due to its affordable rental prices and the availability of high-quality homes.
This strong rental demand makes the west a lucrative market for property investors, offering solid rental yields and the prospect of long-term capital appreciation.
Williams Landing is a key example of a suburb poised for continued growth. Its combination of modern housing, excellent connectivity, and thriving community makes it a desirable location for both buyers, renters and investors.
In the coming years, property values in the west are expected to continue rising as more people discover the advantages of this dynamic region. For investors looking to tap into one of Melbourne’s most promising real estate markets, the west is well worth considering. To explore residential and commercial opportunities in Williams Landing, visit our website and contact our sales team for more information.
Disclaimer: The information used in this document is indicative only and may not represent the final detail or accurately represent personal circumstances of each person. Cedar Woods gives no warranty concerning the accuracy of the material or information displayed in this blog. Prospective buyers should make their own enquiries and rely on their own investigations and independent advice. All information in this blog is subject to Terms of Use accessible at www.cedarwoods.com.au/Terms-of-Use.
[1] Source: realestate.com.au – Williams Landing median price snapshot for houses, November 2023-October 2024
[2] Source: realestate.com.au – Williams Landing 5 year median price trend for houses November 2019 – October 2024
[3] Source: Victoria State Government Department of Transport and Planning – 2023-2024 GAIC funding route outcomes
[4] Source: ABS Region Summary: Wyndham, Economy and industry: https://dbr.abs.gov.au/region.html?lyr=lga&rgn=27260
[5] Source: Melbourne Industrial & Commercial Land Use Plan, 2020
[6] Source: realestate.com.au – Williams Landing median rental price snapshot of houses, November 2023 – October 2024
[7] Source: realestate.com.au – Williams Landing 5 year median rental price trend, November 2019 – October 2024
