An approved growth precinct — City of Hume · VPA PSP 1068
Why here

Three reasons this precinct works — depending on who you are.

Whether you're buying your first place, adding to a portfolio, or upgrading to a family home, the same precinct fits different plans.

A young family moving into their new home in Craigieburn West
Artist's impression — indicative only

First home buyers

  • New-build stock across a wide price range — enter the market without competing on established homes.
  • State and federal FHB schemes typically apply to new builds; confirm with the SRO.
  • Turnkey packages remove build-decision fatigue.

Investors

  • Modelled gross yield ~3.7% with 9.2% estimated annual growth.
  • Depreciation benefits available on new construction.
  • Rental demand supported by growing employment and transport access.

Families & upgraders

  • Reserved school sites inside the precinct plus strong existing options nearby.
  • Green-spine open space, playgrounds and sports facilities woven through the plan.
  • Larger family lots available alongside townhomes for downsizing later.

General information only. First home buyer grants and stamp-duty concessions change — confirm current eligibility with the Victorian State Revenue Office before committing.