If you're considering investing in Carnegie real estate, now could be the perfect time to get in early, as the Victorian government recently announced plans to construct one of the largest infrastructure projects ever built in Melbourne.
The East West Link is a cross-city road connection that spreads across Melbourne and will greatly help to reduce the pressure that current infrastructure is expected to experience as the population grows over the next 25 years.
Minister for roads Terry Mulder and acting treasurer Gordon Rich-Phillips announced in a statement released July 18 that the project was estimated to cost between $6 – 8 billion for stage one and would create 3,200 jobs in the area.
The project will also help to dramatically increase the mobility of people living in Melbourne's western suburbs – giving them a clear, direct route to access jobs, education, shopping and friends with ease.
If you're interested in investing in real estate in Carnegie or any of the surrounding suburbs, get in contact with Matthew Hurlston at Ray White Carnegie.
His local knowledge of the real estate hotspots will be invaluable when it comes to seeking out that perfect home for you and your family!