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Melton–Caroline Springs Growth Area visit:
The Melton–Caroline Springs growth area is located in Melbourne's west and includes Melton township, Caroline Springs, Taylors Hill, Hillside and Ravenhall.
Melton township was declared a ‘satellite city' in 1974, leading to major residential development.
The eastern part of the growth area, which includes Caroline Springs and Taylors Hill, has experienced rapid growth over the past five years.
The median land price is $131,000 and key developers in the region include Australand, Stockland, Delfin-Lend Lease, Sunland and VicUrban with 16 active residential projects delivering some 20,000 new homes.
The housing market is generally dominated by detached, privately owned homes. There are also more second and third home-buyers in the area as the population matures.
Over the next 25 years up to 37,000 homes catering for 90,000 people will be built and an estimated $6 billion of business investment will allow jobs to grow to around 25,000, transforming Melton into a vibrant business and residential address.
Most residential development will be around Melton township, which already contains a modern shopping and commercial centre, a diverse housing mix, and entertainment and education opportunities.
There are two independent schools and a campus of the Victoria University of Technology.
The growth of jobs and housing in Melton will see it become a major regional centre.