SUBURB PACK

WERRIBEE Stylish design,unbeatable service, attention to detail

& outstanding value

CONTENTS

003 Introduction

004 Map of Suburb Location

005 Fast Facts

006 Werribee Virtues Melbourne’s West is the Fastest 007 Growing Region in Australia 016 Melbourne

017 Victoria

018 Mineral Energy

021 Local Industry

024 In The News

030 Projects

032 Shopping

033 Education

034 Map of Estate Location

035 Amenities Distances WERRIBEE 0 0 3

INTRODUCTION TO WERRIBEE

Werribee is a suburb of Melbourne, Victoria, Australia, 32km south-west of Melbourne’s Central Business District. Its local government area is the City of Wyndham. At the 2011 Census, Werribee had a population of 37,737. Werribee is situated on the Werribee River, approximately halfway between Melbourne and Geelong, on the Princes Highway. It is the administrative centre of the City of Wyndham Local Government Area and is the City’s most populous centre. Werribee is considered part of the Greater Melbourne metropolitan area and is included in the capital’s population statistical division. Since the 1990s the suburb has experienced rapid suburban growth into surrounding greenfield land, and becoming a commuter town in the Melbourne-Geelong growth corridor. Due to this urban sprawl Wyndham and its suburbs have merged into the Melbourne conurbation. The suburb is best known for its major tourist attractions, which include the former estate of wealthy pastoralist Thomas Chirnside, known as Werribee Park and the Werribee Open Range Zoo. Werribee’s central business district is located along Watton Street; the civic centre (council chambers) being just 500 metres away also makes it the administrative centre of the City of Wyndham. Werribee is surrounded by several mostly residential suburbs: Wyndham Vale to the north-west, Hoppers Crossing and Tarneit to the north, Truganina and Williams Landing to the north-east, and Point Cook to the east. The market gardens and well-known tourist precinct are found in Werribee South, on the other side of the Maltby Bypass. The area’s major regional shopping centre, the Werribee Plaza, is actually located just across the suburb boundary in Hoppers Crossing. Werribee’s town centre and its Civic Centre (council offices) are located adjacent to the Princes Highway, known locally as Synnot Street. Major local arterial roads Derrimut Road and Old Geelong Road (as an extension of Morris Road) connect the highway to the City of Wyndham’s north, as does Cherry Street. Ballan Road is the major arterial to Wyndham’s north-west. The CBD also links with the Princes Freeway via Duncans Road to the south-east, and via Geelong road (the continuation of the Princes Highway) to the south west. The Princes Freeway circumvents the township via a section known as the Maltby Bypass.

Source: wikipedia.com WERRIBEE 0 0 4

Horsham Bendigo

Seymour Mt Hotham

Ararat

Ballarat Melbourne WERRIBEE Geelong Moe

0 300

Kilometres WERRIBEE 0 0 5

FAST FACTS

30 28.18% 28.09%

25 Median age of people 20 18.84% 16.76%

15

10.26% 10 36 YEARS 5

0

<12 13-19 20-39 40-59 60+

Nature of occupancy Owned with a mortgage 39.57% Owned outright 29.03% Rented 28.09%

Gross rental yield 0 5 10 15 20 25 30 35 40 4.77%

atist ly St ics mi Fa

5 year growth Not Married 45.29% Married 25.32% 46.23%

Defacto 8.48%

Median household income $1,124/weekly

Sources: myboot.com.au, www.yourinvestmentpropertymag.com.au & your- investmentpropertymag.com.au as of January 2014. WERRIBEE 0 0 6

WERRIBEE VIRTUES CONSIDERED SIGNIFICANT BY EXPERTS IN PROPERTY INVESTMENT:

1. RIPPLE EFFECT Property booms often begin with the inner-city­ suburbs. As prices rise, they become unaffordable for many buyers - who seek less expensive property nearby. The growth, therefore, ripples out - and continues to do so until it reaches the outskirts of the city.

2. TRANSPORT INFRASTRUCTURE A direct route to the city is considered a valuable asset when it comes to infrastructure.

3. LOCATION, LOCATION Being close to the Heart of Melbourne means that residents can enjoy the short commute to work or a night out.

4. ACCESS Werribee has direct access to Melbourne CBD and the airport via the Princes Highway and the Westgate Freeway.

5. POPULATION GROWTH Werribee experienced a 25.32 population growth in the last 5 years. WERRIBEE 0 0 7

Figures suggest MELBOURNE’S WEST IS THE FASTEST GROWING REGION IN Melbourne’s west will AUSTRALIA The rapid growth of Melbourne’s west is part of the rebalancing of Melbourne. After a history of strong growth to the east, south maintain its rapid and north, Melbourne is now reorienting towards the west. Werribee is at the centre of this swift expansion to the ‘New West.’ Designated growth areas in Melbourne’s west provide for a growth for at least the minimum of 30-40 years of intense development, so it’s time to look west and be part of the fastest growing region in Australia.

*Bernard Salt, demographer and author, KPMG. next decade, creating Source: The Age, April 19 2011. tremendous business, commercial and professional opportunities*

East Werribee

Werribee City Centre

View of Werribee looking towards the Melbourne CBD. WERRIBEE 0 0 8

CAPITAL OF MELBOURNE’S NEW WEST

The Werribee City Centre and East Werribee serve a large and growing catchment. With Principal Activity Centre and National Employment Cluster status, Werribee is of high importance to Melbourne’s west. Few other centres of similar scale and characteristics exist with opportunities to equal Werribee’s. Not only does Werribee have the capacity for enormous and sustained growth, Wyndham City and the Victorian State Government are both committed to support this growth. The precinct structure plans for the Werribee City Centre and East Werribee provide the framework for business and mixeduse city development. This prospectus outlines Werribee’s major strengths and locational advantages. WERRIBEE 0 0 9

GROWTH CAPITAL

Wyndham is one of the fastest growing municipalities in Australia. Projections estimate that over 330,000 people will be living in Wyndham by 2031, while Melbourne’s western region will grow to the size of Greater Adelaide, with over 1.1 million people. This substantial increase is occurring through the birth of around 75 babies each week and an average of 35 residents moving into Wyndham every day. In 2011-2012, over 12,700 people moved into the municipality, a population increase equivalent in size to the Victorian town of Benalla. These record-breaking statistics create extraordinary possibilities for employment related development and business growth.

FUTURE POPULATION IN WYNDHAM CITY

Wyndham’s population growth record is creating new trends by attracting people from everywhere, not just traditional home seekers who already live in the area. State-wide migration to the municipality, coupled with large numbers of new residents moving from interstate and overseas, points to the importance of Wyndham to Melbourne’s expansion, and its appeal to many different people. The major benefit of this migration pattern is the creation of a diverse resident population and multi-skilled workforce in Wyndham, which can offer both the flexibility and the numbers to service a range of businesses and industries. As the primary national employment cluster in the new west region, Werribee businesses stand to benefit from the varied skills, assets and interests of its resident population.

Wyndham Park Pedestrian Bridge WERRIBEE 0 10

ATTRACTION CAPITAL

Wyndham’s population growth record is creating new trends by attracting people from everywhere, not just traditional home seekers who already live in the area. State-wide migration to the municipality, coupled with large numbers of new residents moving from interstate and overseas, points to the importance of Wyndham to Melbourne’s expansion, and its appeal to many Wyndham is different people. The major benefit of this migration pattern is the creation of a diverse resident population and multi-skilled workforce in attracting new Wyndham, which can offer both the flexibility and the numbers to service a range of businesses and industries. As the primary national employment cluster in the new west region, Werribee businesses stand to benefit from the varied skills, assets and residents from interests of its resident population. across Melbourne

Melbourne CBD

City of Wyndham

Source: Metropolitan Planning Authority. WERRIBEE 0 11

The ingredients for OPPORTUNITY CAPITAL

Population growth is a major foundation of business growth growth are terrific in and higher density development in Wyndham. It is leading to an increasingly diverse resident workforce, customer base and local employment opportunities. Werribee; a population Some key opportunities for businesses include: nn A doubling of Wyndham’s working population over the last ten years with a predominantly young, skilled and educated resident workforce. Census figures show residents with degrees and professional occupations of 200,000, 30kms from represent 17.3% of Wyndham’s workforce - the largest emerging group recorded between 2006-2011. nn Increasing demand for local employment from residents the CBD, two airports, and businesses. Over 40% of Wyndham residents are employed in professional, scientific and technical services and over 60% in financial and insurance services. More than 50% of these commute to the Melbourne CBD for metro and regional rail, work, indicating an opportunity gap for local businesses. nn Greater demand for local goods and services generated by Wyndham’s large and rapidly growing customer base. $2.5 billion per year is lost in escape expenditure from Wyndham. * diverse attractions... * Scott Vickers-Willis, Executive Director, Techne Pty Ltd Project Developers WERRIBEE 0 12

Werribee is centrally ACCESS CAPITAL positioned with access Werribee is connected to the Central Business Districts of Geelong and Melbourne by freeway and rail, providing direct access to two of Victoria’s largest cities within 30 minutes. to Victoria’s major Just 20 minutes from Avalon International Airport and 30 minutes from Melbourne International Airport, Werribee has the benefit of being within close reach of the Port of Melbourne and other major transport and cities and transport logistics hubs. Major commercial hubs and lifestyle centres are within 20-40 minutes of the Werribee City Centre. New transport infrastructure projects will further corridors strengthen Werribee’s accessibility. These include: nn Regional Rail Link a $4.8 billion project opening in 2015 nn Sneydes Road freeway interchange a $40 million project opening in 2016 nn East Werribee Stage 1 road works a $27 million project opening in 2016 WERRIBEE 0 13

BUSINESS CAPITAL

Quest Serviced Apartments Werribee Population growth is expanding demand for goods and services. In Wyndham, employment in high-end service sectors is currently increasing at two to three times the state and national average, with Werribee providing a focal point for these services in the region. The number of people employed by Wyndham businesses grew by 28% between 2006-2011, with particularly strong growth occurring in: nn Health services (53.7%) nn Professional, scientific and technical services (42.5%) nn Education services (40%) nn Finance and insurance services (38.5%) These figures highlight the existing commercial strength of Werribee, and point to a number of standout opportunities for businesses including: nn A forecast increase in Wyndham’s economic output by almost $5 billion from the development of East Werribee alone and more than doubling the number of jobs available in Wyndham. nn The opportunity to capitalise on over 1 million visitors per year to Werribee’s Tourism precinct, a premier Victorian tourist attraction.

dells Patisserie Werribee Aegis employs 60,000 people in

13 countries servicing 300 iconic clients.

Werribee’s large talent pool and

vibrant location enables us to

operate a highly skilled and engaged

office of 200 professionals*

Tonia T Boutique Werribee *Andrew Hume, CEO, AEGIS Services Australia Pty Ltd Melbourne Clinical School, The University of Notre Dame WERRIBEE 0 14

UNIVERSITY CAPITAL

A number of leading educational institutions have recently been established in Werribee in response to the region’s growth, while others have had a long-term presence in the area. They cover many sectors of learning such as vocational education and training organisations and range from primary to tertiary institutions. Wyndham Health Inter-Professional Clinic, Victoria University Leading tertiary education providers include: nn The University of Melbourne’s Faculty of Veterinary Science - first veterinary school to be established in Australia, with large-scale expansion planned for the campus nn Victoria University - recently added to their extensive Werribee campus a new $14.8 million Wyndham Health Inter-Professional Clinic, the first of its kind in Australia nn The University of Notre Dame - constructed the $12 million Melbourne Clinical School in Werribee in 2010, educating and training third and fourth-year medical students nn Deakin University and The Gordon Institute of TAFE - recently established the Werribee Learning Centre with clear plans for growth nn National Centre for Dairy Education Australia - major provider of dairy technology education in Australia. Werribee is home to Vocational education and training organisations include: nn Werribee Community and Education Centre, the Malka Group and Ashley Institute nn Leading training and employment organisations - a number of leading MatchWorks, WISE, CVGT and AMES. Werribee also offers elite secondary school education, most notably at Suzanne Cory High School, one of only four selective educational institutions entry state schools for academically elite students in Victoria.

from all sectors

Building 6, Werribee campus, Victoria University. Source: Trevor Mein WERRIBEE 0 15

LIFESTYLE CAPITAL

In and around Werribee, you will find culinary and cultural Werribee South Foreshore offerings that enhance the lifestyle of both residents and visitors. Specialist stores and award winning restaurants complement our performing arts centre, art gallery and library. An array of sporting facilities, recreational spaces and shared trails add even more to Werribee’s complete lifestyle offering. Located on the picturesque banks of the Werribee River and surrounding parkland, the Werribee City Centre immediately stands apart. Public meeting places, bridges, riverbank promenades and other recreational attractions enhance this beautiful setting. East Werribee will be similarly transformed into a lifestyle capital with lakes, waterways and open spaces being strong features of the precinct structure plan. Shadowfax Winery Further along the Werribee River is the Werribee Park Tourism Precinct. This mecca for tourists is home to the Werribee Open Range Zoo, Werribee Mansion, Mansion Hotel and Spa, Shadowfax Winery, Victoria State Rose Garden, National Equestrian Centre and the Werribee Park Golf Course. At the mouth of the Werribee River is the Werribee South Foreshore, which provides spectacular views across Port Phillip Bay and is home to the iconic Wyndham Harbour development. The Werribee South market garden region, recognised as the broad leaf vegetable capital of Australia, fringes the foreshore. These high-quality facilities, bountiful natural attributes and world-class attractions provide an ideal gateway to Geelong and the Great Ocean Road, and firmly position Werribee as the Watton Street Werribee Lifestyle Capital of Melbourne’s New West.

Werribee offers

Wyndham Park Pedestrian Bridge a unique lifestyle

combining the best of

city, coast and country

Point Cooke Marine Sanctuary WERRIBEE 0 16

MELBOURNE

The Melbourne City Centre is the hub of the greater metropolitan area. The metropolis is located on Port Phillip, a large natural bay, with the city centre positioned on the estuary of the Yarra River at the northernmost point of the bay. Melbourne has been placed alongside New York and Berlin as one of the world’s great street art meccas, and its extensive street art-laden laneways, alleys and arcades were voted by Lonely Planet readers as Australia’s top cultural attraction. Melbourne has been Melbourne is an international cultural centre, with cultural endeavours spanning major events and festivals, drama, musicals, comedy, music, art, architecture, literature, film and television. placed alongside The city celebrates a wide variety of annual cultural events and festivals of all types, including Australia’s largest free community festiva-Moomba, the Melbourne International Arts Festival, Melbourne International Film Festival, Melbourne International New York and Berlin Comedy Festival and the Melbourne Fringe Festival. The city is home to three major annual international sporting events: the Australian Open; the Melbourne Cup; and the Australian Grand Prix. Melbourne was proclaimed the “World’s as one of the world’s Ultimate Sports City”, in 2008, for the second time. The city is home to the National Sports Museum, which is located in the Olympic Stand. great street art The CBD and surrounds also contain many significant historic buildings such as the Royal Exhibition Building, the Melbourne Town Hall and Parliament House. Melbourne is often referred to as Australia’s garden city. There is meccas an abundance of parks and gardens in Melbourne, many close to the CBD with a variety of common and rare plant species amid landscaped vistas, pedestrian pathways and tree-lined avenues. WERRIBEE 0 17

VICTORIA

1. The Port of Melbourne is one of the world’s largest and busiest container port, located on the edge of the CBD. It handles nearly 40% of Australia’s container trade - about 3,500 ships and 2.14 million containers each year, and $90 million in exports each day. That’s more than Adelaide, Brisbane and Fremantle ports combined. 2. Melbourne’s air and port capacity is well supported by extensive road and rail networks, boosted by continuous The Port of Melbourne government investment. More than $5 billion of major road projects are currently underway, including the Peninsula Link project, the M80 Ring Road Upgrade and the M1 (Monash- CityLink-West Gate) Upgrade. is one of the world’s 3. Melbourne is a highly competitive global business location in terms of cost and availability of commercial property. 4. The $750m Sugarloaf Pipeline connecting Melbourne’s water supply with the Goulburn River System was officially launched largest and busiest in February 2010. The Sugarloaf provides the biggest boost to Melbourne’s water supply since 1984. 5. Over the past decade, Government investment in infrastructure has quadrupled, with investment over 2008-2009 estimated at container ports $4 billion. 6. The freight and logistics industry is of critical importance to Victoria. It directly adds around $25 billion annually to the economy, employing more than 100,000 people. 7. By the time it’s completed in 2020, the Docklands precinct will double the size of Melbourne’s CBD. The $12 billion project has so far seen construction of apartments, a $360 million technology park, and television and film studios. It is emerging as an important financial services hub and the home of major companies such as National Australia Bank and Lend Lease. WERRIBEE 0 18

VICTORIA MINERAL ENERGY WERRIBEE 0 19

VICTORIA MINERAL ENERGY

BROWN COAL Victoria is a major contributor to the Australian energy extraction and generation industry, which involves extracting the raw materials for energy production, and turning them into useable energy such as electricity, gas or other exportable energy based commodities. All of the brown coal extracted in Australia comes from Victoria, and almost all of it is used for domestic power generation at present. Victoria is also Australia’s second largest producer of gas and oil, which includes crude oil, natural gas and liquefied petroleum gas. The state accounts for around 18 percent of Australia’s production. Although oil production is declining, natural gas production is growing strongly. Around one quarter of Australia’s electricity is generated in Victoria, with much of Victoria’s energy generation occurring in the Latrobe Valley, east of Melbourne. Brown coal is the state’s major source of electricity generation, although significant progress is being made in the area of sustainable energy generation through wind farms, solar generation and tidal systems. In 2009/10, brown coal production, predominantly from the Latrobe Valley for electricity generation, reached 68.7 million tonnes. The number of people employed in Victoria in the oil and gas extraction industry was estimated to be around 1500. Each year gas produced offshore in Victoria is worth about $1.5 billion, and crude oil production is valued at over $2 billion.

Each year gas produced offshore in Victoria is worth about $1.5 billion WERRIBEE 0 20

VICTORIA MINERAL ENERGY

COAL FUELED GENERATORS Most of electricity in Victoria is generated by burning brown coal in thermal power stations in the Latrobe Valley. The major electricity consumers in Victoria are the aluminium smelters at Portland and Point Henry in Geelong.

SOLAR Small-scale personal, commercial and community roof-mounted systems are becoming more prevalent, and a large-scale solar energy project located in Mildura is under construction. The Mildura Solar Concentrator Power Station is a proposed photovoltaic heliostat solar concentrator power station to be built at Carwarp, near Mildura, Victoria, Australia. The project was proposed by Solar Systems. The 154 MW (30.8 net), a $420 million, project will generate 270,000 MWh per year, enough for more than 45,000 homes. It will reduce greenhouse gas emissions by approximately 400,000 tonnes per year, and will also aid in reducing salinity and create jobs during manufacture, construction and operation.

WIND There are eight operating wind farms with 428MW of capacity. Several are under construction and will be operational soon and several proposals are in planning stages and are awaiting approval. It was not until the early 2000’s that the commercial use of wind power for electricity commenced. Wind farms at Codrington, Victoria produces Challicum Hills and Portland were all built by private companies with State Government funding assistance.

GAS almost 19.5% of Approximately 1.5 million domestic customers in Victoria are supplied with gas via over 25,000 kilometres of mains. Industrial and commercial consumers account for nearly 50 per cent of gas sales. In the 2005/2006 fiscal year, the average gas production crude oil in Australia in Victoria was over 700 million cubic feet (20,000,000 m3) per day and represented 18% of the total national gas sales, with demand growing at 2% a year.

OIL Victoria produces almost 19.5% of crude oil in Australia. WERRIBEE 0 21

VICTORIAN ASIAN FOOD BOOM

According to Victorian Premier Denis Napthine, the growing demand for high quality food and beverages in Asian markets represents a significant opportunity for current and would-be Victorian exporters. In his speech at the 2013 Global Food Forum in Melbourne on 18 April, Premier Napthine called Victoria the “food bowl of Australia”, highlighting that our state currently produces 29 per cent of total national agricultural output and 32 per cent of all sales income generated by food product manufacturers. Eight out of the top 10 countries that Victoria is exporting to are in Asia, with China leading the way. The Asian demand for quality Australian food and beverages - particularly meat, dairy and wine - is at an all-time high. The Asian population is also growing at an exponential rate. By 2050, 60 per cent of the world’s demand for agrifood will come from Asia and China alone will be responsible for 43 per cent of the global growth in food consumption. In his speech, Premier Napthine outlined how Victoria is strongly placed to meet these growing demands. As well as producing the lion’s share of Australia’s food, Premier Napthine also called Victoria the nation’s “freight and logistics capital”. With the State Government recently committing to expanding Victoria’s export capability with a $110 million development of the Port of Hastings, together with the current project expanding the capacity of the Port of Melbourne, Victoria is poised to become Australia’s trade gateway to the Asia Pacific. Premier Napthine concluded his speech by saying “it is clear that food exports will be the next engine room of growth for the Victorian and Australian economy.”

FAST FACTS nn Victoria produces 86% (around $2 billion) of Australia’s Victoria produces dairy exports. nn Victoria produces 45% of Australia’s lamb and mutton close to 110,000 tonnes, worth $590 million. 86% of Australia’s nn Overall, Victoria’s food export industry supports about 130,000 jobs, 5%per cent of which are in regional Victoria. nn Freight exports from Melbourne airport have now dairy exports overtaken those from Sydney for the first time nn Exports sent by air from Melbourne Airport rose 21%between 2008 and 2012. Last year 36% of all exports sent by air from Australia came from Melbourne and that figure continues to rise. WERRIBEE 0 22

WONTHAGGI DESALINATION PLANT

Where the Bass Strait meets Victoria near Wonthaggi, construction of the biggest desalination plant in Australia is well underway. AquaSure, who won the 30-year contract with the Victorian Government to deliver the Victorian Desalination Project, appointed the Thiess Degrémont Joint Venture as its design and construction contractor. The joint venture partners combine the strength of one of Australia’s largest and most trusted construction, mining and services companies, Thiess, with the global knowledge of Degrémont, a Suez Environment company, water treatment specialist and a world leader in reverse-osmosis (RO) technology. Degrémont currently has 260 projects all around the world. The $3.5 billion Victorian Desalination Project will have an initial production capacity of up to 150 billion litres of water a year (444 million litres per day). The project is effectively five major projects in one: the desalination plant comprising 29 buildings; the marine intake and outtake structures; the intake and outtake tunnels; an 84km transfer pipeline to transport drinking water from the desalination plant to Melbourne and regional water network; and 87km of underground 220 kV HVAC power cable to supply power to the desalination plant. This is the longest underground HVAC power cable in the world. This project’s complexity and detailed scope included 45 road crossings, 21 waterway and one railway crossing for the pipeline and power construction, one of the biggest green roof installations in the world and one of the largest ecological restoration projects ever undertaken in Victoria. The driver for constructing the greenest plant possible was the location, which is within one of Victoria’s prime nature tourism locations. The local economy is highly reliant on its tourist trade, and Thiess Degrémont has proactively addressed concerns about visual impact of the plant on the surrounding landscape with an innovative architectural solution. The desalination plant has been designed to be totally integrated into the landscape. Despite being one of the biggest facilities of its kind in the world, it will be barely visible from all public viewing points. The roof of the biggest building on site, the 28,900 square metre RO building, is a key aspect of the design. Its roof is made up of 438 individual panels installed at 23 different angles to mimic the undulating sand dunes in the surrounding environment. The panels support a green roof, one of the biggest in the southern hemisphere, which will help blend the plant into the landscape. The green roof will feature around 100,000 plants of 25 different species of indigenous ground covers, tussocks and low lying shrubs. The buildings are also surrounded by constructed dunes, designed to provide visual and acoustic protection to neighbours nearby. The plant’s actual footprint is quite small, taking up just 38 hectares of the 263 hectare site. WERRIBEE 0 23

The remaining 225 hectares will become the focus of one of Construction on the Victorian Desalination Project began in the largest ecological restoration projects in Victoria’s history, September 2009. In just over two years on site, the marine complete with wetlands, coastal and swampy woodlands, and and tunnelling works have been completed; construction on new habitat for local fauna. the desalination plant is well advanced and commissioning now in progress; laying and hydrotesting of the 84 km transfer Other environmentally sustainable aspects to the project are pipeline is complete and laying and energisation of the 87km its energy efficiency and power offset. The desalination plant underground power is complete. and transfer pipeline’s operating power requirements will be 100% offset by renewable energy, ensuring the same amount Almost 6,000 people have worked on the desalination plant site of renewable energy is fed back into the grid. to date, with thousands more indirectly A number of innovative systems have been introduced to employed by companies supplying to the project. The project minimize power consumption within the plant including world- has also generated opportunities for almost 90 apprentices and leading energy recovery and re-use devices that significantly trainees to date. reduce power consumption in the RO process. Weather has presented the most significant challenge for the The plant’s compact, modular design reduces pipe work and construction team. While the project was conceived as an eliminates inefficient energy use, and further energy is saved by emergency response to the worst drought in Victoria’s history, constructing the plant a low level relative to sea level, reducing what no-one could have predicted is that it would end up the amount of energy needed to lift seawater into the plant. The being constructed through the wettest summer in Victoria’s use of variable speed drives, high efficiency motors and low history. Despite this, more than 14.5 million man hours have energy use membranes have also all been adopted. been worked to date to bring construction of the project to 87% completion. The plant is being built in three parallel 50GL modules, all with identical and replicated technology and equipment. Each First water for commissioning is expected to be produced module has its own dual media pre-treatment, pumps, motors, from the plant around the middle of 2012. Once the design instrumentation, sub power supply, cartridge filters, dual pass and construction of the project is complete, the plant will be reverse osmosis membrane racks and energy recovery. Online, operated and maintained by Degrémont Thiess Services for the real time instrumentation monitors water quality at seven next 27 years. delivery points along the 84km transfer pipeline to ensure water quality standards are met. WERRIBEE 0 24

Growth hub approved for Melbourne BY JENNIFER DUKE - TUESDAY, 08 OCTOBER 2013

One of the newest employment and investment hubs in Melbourne, to be located at Werribee, has been given approval by premier Denis Napthine, minister for planning Matthew Guy and minister foir roads Terry Mulder. Created in line with Plan Melbourne, the East Werribee Precinct Structure Plan is set to bring in a project that creates more than 58,000 jobs and 7,000 properties. “The East Werribee Employment Precinct is one of six suburban National Employment Clusters outlined in Plan Melbourne. This long-term Plan Melbourne strategy will provide a vision for the development of greater Melbourne, with a key focus on these major job centres spread around the city,” Napthine said. “This precinct is the largest commercial precinct on government owned land in Victoria’s history, with the extra benefits of access to a major freeway and proximity to ports and two airports. It will create jobs across a range of industries and builds on the 2,000 existing jobs located at the site.” The redevelopment of the hospital will be part of the overall transformation, with work already being undertaken on Weeribee Mercy Hospital. Currently, plans for the 60-hectare waterway and lakes network are underway. “The precinct will also integrate mixed use employment clusters with medium and high density housing,” said Guy. Early works have also started around the transport infrastructure, with tenders to be advertised tomorrow around the construction of a full diamond freeway interchange at The East Werribee Sneydes Road. Precinct Structure Plan is

set to bring in a project

that creates more than 58,000

jobs and 7,000 properties WERRIBEE 0 25

Six reasons to visit Werribee RICHARD CORNISH - JANUARY 11, 2014

American-built planes were essential in destroying Japanese infrastructure such as airfields and oil refineries in the Pacific and South-East Asia. There are just eight left in the world, and this is the only one in Australia. Come and meet the volunteers who proudly show you around the plane and the paraphernalia they have collected and curated.

4. Cakes and pastries The husband and wife team behind Mondells Patisserie in Watton Street boast an impressive CV. Nigel Braithwaite was executive pastry chef of the Savoy Hotel in London for three years. His partner Katherine has previously worked with Iain 1. Out of Africa Hewitson at Tolarno. Together they have created a pastry When a lion roars it makes you want to either run for your life or heaven in Werribee, with mouth-watering gateaux, tarts, stop dead in your tracks. The lions at the Werribee Open Range brownies, slices and crumbles enjoyed in the cafe or boxed up Zoo do their roaring at 5.45pm every day, when the gates are to take home. normally closed and the public on their way home. But over summer, every Saturday the zoo will be open well into the night, giving visitors a very different perspective of their hippos, rhinos, 5. World food giraffes, zebras and lions, which are most active at dawn and One-third of the people of Werribee were born overseas, dusk. To sweeten the deal the zoo is running an African cultural making the main drag of the town a veritable United Nations program from the afternoon with drum workshops, traditional of restaurants. There’s Ghazal (187 Watton Street, 9742 4486, children’s games, Ethiopian coffee ceremonies and African ghazal.net.au), which boasts status as Melbourne’s largest bands. This offer costs no more than the normal entry fee and Indian buffet. For really good pasta dishes served on a few you’re welcome to bring your picnic and BYO - babysat by staff tables in an Italian deli try Bruno’s Deli (25 Watton Street, 9741 as you wander the zoo or go on a bus safari. 3280). Need a nourishing bowl of Vietnamese beef soup? Try Pho 128 (72 Watton Street, 8742 3128). There are also Thai, Greek and Pakistani restaurants all a short walk from Werribee 2. Werribee River Trail train station. When Hume and Hovell first came across the Werribee River in 1824 they named it the Arndell after Hovell’s father-in- law. When surveyor John Hedge came through in 1835 he 6. Werribee Mansion called it the Peel, then changed his mind and called it Exe. Thomas Chirnside was a fiery Scot, originally from East One of the local Wautharong Aboriginal blokes in the group Lothian, who loved to hunt but was adamant that Sunday reminded him it already had a name - Weariby Yallock, which was the day of the Lord. He and his brother Andrew bought meant Backbone Creek. From this came Werribee. It really is and sold almost a dozen properties in the colonies by the a beautiful river, dotted with basalt fords and shaded by river time Thomas bought 32,000 hectares on the Werribee River red gums that kingfishers and herons call home. The Werribee just before the gold rush. He then built bluestone Werribee River Trail is a 4.6-kilometre shared path that runs from the Mansion, complete with 60 rooms, which was finished in 1877. junction of Davis Creek and the Werribee River near Tarneit Life as a wealthy pastoralist was self-sufficient and you can south to the Federation Trail. still walk through the orchards that were planted in the 19th century. The farm buildings tell a story of dairymaids and home slaughter of cattle and sheep to feed the Chirnside family and 3. Planes a workforce that numbered into the scores. Chirnside imported During the Second World War there was an airfield on the hares, foxes and deer for hunting - apparently one stag was outskirts of Werribee built to house planes built by the chased into the bay and swam ashore near Melbourne! Learn Commonwealth Aircraft Corporation. In an old hangar there is all about the history of the mansion when you visit. an almost fully restored B-24 Liberator heavy bomber. These WERRIBEE 0 26

What Melbourne’s Population Boom Means For Long-Term Property Investment MICHAEL YARDNEY - FRIDAY, 30 NOVEMBER 2012

The Baillieu government in Victoria is drawing up plans for the Melbourne will start to look like many other large international future of Melbourne. cities with high-rise apartment building dotting the landscape. And it’s got quite a task ahead, as Melbourne’s population is What does this mean for property investors? expected to increase by half again from the current 4.1 million. Melbourne’s strong population growth, together with the This means an extra two million residents in less than 40 years. increasing affluence of its residents, coupled with the fact that This influx is sobering when you consider the amount of many of them will want to live in the same suburbs close to infrastructure required to support that many new inhabitants. where all the action is, will ensure the value of well-located properties will keep increasing over the long term. A planning report, Planning for Community Infrastructure in Growth Areas, has revealed we’ll need eight new hospitals, The trick will be to own the type of property that will be 67 secondary schools, 125 new maternal and child health in continuous strong demand by a large demographic of centres and 222 kindergartens by 2050 to cater for Melbourne’s these new residents, and for many, this is likely to be well- booming population. located apartments. Melbourne today

There are just over 4.1 million people living in Melbourne today, and its population is projected to grow by about 65,000 new residents each year over the next decade. Currently there are 1.63 million private dwellings in Melbourne, of which about 15% are apartments. Over 70% of Melburnians own their own homes, with almost half of these owning their homes outright (with no mortgage.) While on average there are 2.6 people per dwelling, almost one- quarter of the city’s residents live alone. In fact less than half of Melbourne’s homes have children living in them. What about the future?

These figures suggest we’re going to need around 760,000 new dwellings built in Melbourne in less than 40 years, of which close to 250,000 could be apartments. Our changing lifestyles mean more Victorians are going to trade their quarter-acre block for a balcony and the percentage of apartments in Melbourne is likely to grow closer to 30%. As a point of comparison, currently 25% of all dwellings in Sydney are apartments. We already know that Melbourne has been voted as one of the world’s most liveable cities, but in order to maintain this mantle our federal and state governments as well as local councils will have an important role to play by investing in key infrastructure in a timely manner. WERRIBEE 0 27

Melbourne Urban Sprawl To Extend Into Six New Suburbs Over Next 20 Years BY LARRY SCHLESINGER - THURSDAY, 14 JUNE 2012

Melbourne’s urban growth boundary will extend outwards over • 6,650 new homes for 18,500 new resident in Rockbank (in the next 20 years to incorporate six new fringe suburbs and Melton) over a longer 25 year time frame) along with the provide new homes for up to 100,000 people. development of two state primary schools, a secondary school, three active recreation reserves, two local community The plans, unveiled by Victorian Planning Minister Matthew facilities, higher order civic uses, passive recreation and linear Guy, includes the development of six new metropolitan trail network, a major and local town centre and an important suburbs at Diggers Rest, Lockerbie, Lockerbie North, Manor east-west arterial road. Lakes, Merrifield West and Rockbank North and follow the completion of the Logical Inclusions Review of Melbourne’s Merrifield West residents travelling into the city will have to rely Urban Growth Boundary (UGB). on the Donnybrook V/Line rail station or drive seven kilometres to the Craigieburn rail station, while Rockbank North and Lockerbie The new suburbs will expand Melbourne’s urban boundary to the residents will need to use already busy V/Line rail stations until the North (Mitchell and Whittlesea), to the West (Hume, Melton and new train station proposed for Beveridge is completed. Wyndham) and South East (Cardinia and Casey) by 6,000 hectares. There will be an expansion of the Melton V/Line rail station. The 6,000-hectare expansion is significantly less than the 43,000-hectare expansion planned under by the previous Guy says the urban expansion plan will provide opportunities Victorian government. for Melbourne’s economic and social future. Plans for the new suburbs include the building of new train “Housing, employment, infrastructure and all the other station, town centres, open space and other key infrastructure elements that make up our community need to be planned and implemented carefully,” he says Over the next 20 years there will be: “The completion of this review will lead to urban growth • 3,800 homes developed for 10,700 residents in Diggers Rest boundary modifications to ensure adequate long-term land in Melton as well as local town centre located, the extension supply and enable planning for population growth to be of Houdini Drive, a multi-purpose community centre and completed well ahead of time.” additional sportsgrounds. Many of these new outer suburbs are already the focus of new • 10,500 new homes for 29,500 new residents in Lockerbie housing developments, with the March quarter Oliver Hume (incorporating parts of Hume, Mitchell and Whittlesea) as residential communities report noting that 10 new communities well as a new train station, a new north-south arterial road, comprising a total of 3,400 lots launched over the first three three state primary schools and a secondary school, four new months of the year. sports reserves and a new principal town centre next to the future train station. Four of the 10 projects were located in Wyndham, three in Melton, two in Whittlesea and one in Hume. • 4,600 new homes for 13,000 new residents in Lockerbie North (incorporating parts of Mitchell and Whittlesea) along with a new The report says it would take 6.8 months to sell the current train station, a new north-south arterial road, two state primary level of supply represents 6.8, exceeding the industry schools and a secondary school, two new sports reserves, a benchmark of six months for the first time since the September transit oriented town centre next to the future train station. quarter of 2006. • 4,850 new homes for 13,500 new residents in Manor Lakes All municipalities experienced a rise in supply with 20 months’ (in Wyndham) along with two state primary schools, two large worth of supply in Mitchell (Wallan-Beveridge) and also double- new recreation reserves, a local town centre and an important digit level of supply in Melton. The City of Hume is now the new north-south arterial road. tightest market, with only 4.2 months of supply. • 7,000 new homes for 20,000 in Merrifield West (in Hume) The report also notes declining land prices with average lot along with the development of two state primary schools, prices having fallen $16,000 to a median of $210,000 from their football and soccer grounds, two local town centres and a peak of $225,750 in the December quarter of 2010, a fall of number of local parks 7.5% over the 15 months. WERRIBEE 0 28

From WERRIBEE to Berwick: The 33 Melbourne suburbs with affordable three-bedroom apartments BY LARRY SCHLESINGER - FRIDAY, 18 JANUARY 2013

There are 33 suburbs in Melbourne – many of them on the Also on the list are less fashionable, but well-located Sunshine outskirts – where first-home buyers can purchase a three- and Sunshine North, where ‘Kath & Kim’ obtained numerous bedroom apartment and pay equal or less than the average TAFE qualifications and where Tracey, daughter of the estimated first-home buyer mortgage repayment in Victoria of Kerrigans in The Castle obtained her hairdressing diploma. $414 per week. The suburbs can be found in an interactive heat map showing The full list starting from the cheapest is: weekly mortgage repayment price bands across Melbourne suburbs compiled by the Real Estate Institute of Victoria (REIV) Melton - $277 per week, median price of $210,000 as part of its new first-home buyer guide. Werribee - $312 per week, median price of $235,000 Cranbourne - $324 per week, median price of $244,000 Hoppers Crossing - $332 per week, median price of $250,000 Pakenham - $332 per week, median price of $250,000 Tarneit - $346 per week, median price of $260,000 Frankston - $346 per week, median price of $260,000 Sunshine - $350 per week, median price of $263,000 Dandenong - $353 per week, median price of $265,000 St Albans - $360 per week, median price of $270,000 Noble Park - $366 per week, median price of $275,000 Tullamarine - $373 per week, median price of $280,000 Narre Warren - $373 per week, median price of $280,000 Sunshine North - $377 per week, median price of $283,000 Langwarrin- $380 per week, median price of $285,000 Hadfield - $380 per week, median price of $285,000 Doveton - $382 per week, median price of $286,250 Somerville - $382 per week, median price of $286,500 Dandenong North - $389 per week, median price of $291,700 Mill Park - $392 per week, median price of $293,750 Broadmeadows - $392 per week, median price of $293,750 Epping - $393 per week, median price of $294,500 Thomastown - $399 per week, median price of $299,000 Seaford - $400 per week, median price of $299,500 Lalor - $401 per week, median of $300,000 Deer Park - $401 per week, median of $300,000 Hallam - $403 per week, median price of $302,000 Springvale - $406 per week, median price of $304,000 The $414 per week median mortgage repayment is based on the average first-home buyer loan size of approximately Craigieburn - $408 per week, median price of $305,000 $286,600, a standard variable interest rate of 6.4%, receipt of Mernda - $408 per week, median price of $305,000 the $7,000 first-home owners’ grant, a loan term of 30 years, South Morang- $412 per week, median price of $308,000 a 10% deposit, and benchmark lenders mortgage insurance Sydenham - $412 per week, median price of $308,500 (LMI) and conveyance fees. Berwick - $414 per week, median price of $310,000 The list is dominated by suburbs further out of town, but does include the middle Melbourne suburb of St Albans, which has Source: REIV first-home buyer guide a median three-bedroom unit price of $270,000 and average weekly mortgage repayments of $360 per week. WERRIBEE 0 29

Melbourne Bursting at the Seams as Population Booms BY TIM COLEBATCH - AUGUST 31, 2013

Melbourne’s population is swelling by 2 per cent a year, adding more than 900,000 people since this century began - and putting it on track to be a city of 8 million people by 2050. The Bureau of Statistics estimates that in mid- 2012, the city’s population was about to hit 4.25 million, after six boom years in which it grew by almost half a million. Recent bureau figures imply that Melbourne today is home to 4.35 million people - and 27 per cent bigger than the city it was at the start of 2000. If growth continues at that rate, Melbourne’s population would pass 5 million by 2025, overtake Sydney by 2037, and reach 8 million In mid-2012, the bureau estimates, Victoria was home to 5.63 by 2049. million people, and Australia 22.71 million. The booming population growth raises serious doubts about Melbourne had the largest growth of any Australian city over the Napthine government’s plans to build only one major the five years, but Perth was growing fastest. Its population infrastructure project at a time, and avoid new debt. shot up by 271,500 to be 1.9 million in mid-2012, and on track With a rapidly growing population squeezing into road and to pass 2 million late this year. rail systems that are barely growing at all, this would intensify the strain on the city’s infrastructure, leading to increased congestion on the roads and overcrowding on trains. Most of Melbourne’s growth is in the outer suburbs. The bureau reports that South Morang had the biggest population growth of any suburb in Australia, growing by 500 people a month over the five years to 2012. Point Cook was second, Tarneit third and WERRIBEE fourth. The population of the city of Melbourne grew by 5138 in 2011- 12 alone, and has more than doubled since New Year’s Day 2000 to 105,360. That included 23,867 people living in the city centre itself, 13,505 in Southbank and 6640 in Docklands - Most of Melbourne’s 44,012 between them, compared with just 1796 in 1992. But the bureau’s figures show populations are growing in almost every suburb of Melbourne, and in most towns of any growth is in the size across Victoria. Ballarat had almost 100,000 people by mid-2012, its growth rate matching Melbourne’s, with Bendigo not far behind. While people are drifting away from small towns and rural outer suburbs areas, in most of Victoria, that is outweighed by those drifting into towns such as Mildura, Warrnambool, Shepparton and Wodonga. The exceptions are the eastern Mallee, the Wimmera and the southern Grampians. WERRIBEE 0 30

MAJOR PROJECTS IN THE WYNDHAM CITY COUNCIL REGION

PRINCES FREEWAY INTERCHANGE AT EAST WERRIBEE A new full diamond interchange with the Princes Freeway is to be constructed at Sneydes Road to provide a new gateway to East Werribee. The interchange is part of a $72 million package of works that will also include the upgrade of Sneydes Road and key intersection upgrades along the Princes Highway. Click here for further information.

VICTORIA UNIVERSITY’S INTER- PROFESSIONAL HEALTH CLINIC Victoria University’s new $14.8 million Inter-Professional Health Clinic is the first of its kind in Australia with completion scheduled for 2015. Further information on the Inter-Professional Health Clinic can be found in the Spring edition of Werribee City Scene.

WERRIBEE MERCY HOSPITAL EXPANSION Construction of a $28 million rehabilitation and geriatric facility and a $34 million mental health facility is underway. These facilities are the first stages of a masterplan that will see the Werribee Mercy Hospital grow into the premier public hospital in the region.

ST VINCENT’S PRIVATE HOSPITAL WERRIBEE St Vincent’s Health Australia recently acquired 4 hectares of land opposite the Werribee Mercy Public Hospital in Hoppers Lane for the development of St Vincent’s Private Hospital Werribee. Extensive consultation with the local community and medical practitioners will now be undertaken.

MELBOURNE UNIVERSITY EXPANSION Large scale expansion of Melbourne University’s Werribee Veterinary School is planned including new facilities and a doubling of student numbers. WERRIBEE 0 31

NOTRE DAME UNIVERSITY CLINICAL SCHOOL Notre Dame University’s $12 million Melbourne Clinical School opened in 2010 to educate and train third and fourth year medical students. The School is affiliated with Werribee Mercy Hospital and Wyndham Private Medical Clinic.

WYNDHAM PRIVATE MEDICAL CENTRE The $30 million Wyndham Private Medical Centre was recently constructed adjacent to Werribee Mercy Hospital. This major facility was purpose built to centralise some of Melbourne’s premium health service providers across a broad range of specialities.

DAIRY INNOVATION AUSTRALIA EXPANSION Dairy Innovation Australia is the leading research and development organisation for the Australian Dairy Industry. In 2012 a $4.3 million facility expansion and upgrade was completed to increase research capacity and consolidate Werribee as the centre for its activities.

WEST WERRIBEE DUAL WATER SUPPLY PROJECT The West Werribee Dual Water Supply Project will deliver high quality, Class A recycled water and drinking water to housing estates in the Werribee area, as well as a number of open spaces managed by Wyndham City Council. The recycled water will come from Melbourne Water’s Western Treatment Plant, where it will be further treated and sent to homes and open spaces in the Werribee area through a dedicated ‘purple pipe’ recycled water system. Recycled water is not yet being supplied to properties using the purple pipe system. Until the project is completed, houses within the estates that have a purple pipe system have drinking water supplied through both the drinking and recycled water pipes, so it is important that all water use complies with water restrictions. Recycled water will be delivered to properties in this area in late 2014. WERRIBEE 0 32

WERRIBEE PLAZA

Werribee Plaza has been a favourite local meeting place for almost 25 years and is a great part of the Wyndham community. Werribee Plaza boasts a great mix of fashion, homewares and convenient, everyday services and a comprehensive selection of fresh food and also has a cinema complex. Werribee Plaza has 220+ stores all on one level, and free parking makes Werribee Plaza much more than an enjoyable place to shop. Werribee Plaza has now undergone several stages of renovations and redevelopments since its opening. In 2009, the Victorian state government announced $200M funding for the expansion of Werribee plaza. Stage 7 is set to contain at least a full-line relocated Myer department store, a third discount department store (expected to be Target), several new speciality stores, new food tenancies, an entertainment precinct (including an expanded Village Cinemas), a gymnasium, a relocated and streamlined bus interchange, relocated library, bingo centre and tavern and at least 2000 new parking spaces.

Some of the shops include: nn ANZ nn Big W nn Coles nn Kmart nn Myer nn Woolworths nn Best & Less nn JB Hi Fi nn KFC nn Subway nn Village Cinemas WERRIBEE 0 33

VICTORIA UNIVERSITY - WERRIBEE CAMPUS

Located in the fastest growing area of Melbourne, our Werribee Campus is a part of a modern technology precinct. The Werribee Campus is divided by Hoppers Lane, forming east and west areas. There are different facilities located at each section of the campus. The Werribee Campus is located in the Werribee agricultural research/tertiary education precinct in two diagonally adjacent sections spread over 16 hectares. It includes trades training, facilities for water, food and fire safety research, and an animal care and breeding facility.

The facilities at Werribee West include: nn Major innovative research centres for water, food and fire safety (part of the College of Engineering and Science) nn The Children’s Centre nn The Sport and Fitness Centre nn The Student Information Centre

The Werribee Campus delivers a range of local industry and community based courses in: nn Business nn Community services nn Education nn Information technology nn Construction nn Engineering nn Biotechnology nn Chemistry nn Environmental management WERRIBEE 0 34

MAP OF ESTATE LOCATION WERRIBEE 0 35

AMENITIES DISTANCES

Distance from development to all major amenities

POST OFFICES GROCERIES Werribee Post Office - 1.5km Sims Supermarket - 1.2km Tuckerbag Supermarkets - 1.4km CHILD CARE Coles Supermarket - 1.7km Little Blossoms Child Care Centre - 3.1km Quantin Binnah Child Care Centre - 3.6km ENTERTAINMENT Woodville Park Kindergarten & Child Care Centre - 4.8km The Park Hotel - 1.1km Wyncity Bowl & Entertainment - 2.8km FITNESS Werribee Village Cinemas - 4.3km The Pole Gym - 1.4km Altona Basketball/Netball Stadium - 14.5km Kelly Park - 1.4km Werribee Park Golf Course - 6.6km BANKING Fenix Fitness Clubs - 9.6km NAB - 1.2km Westpac - 1.3km MEDICAL Bendigo Bank - 1.3km Werribee Mercy Hospital - 4.3km St Vincent’s Private Hospital - 4.3km SHOPPING A Total Care Medical Centre - 12.7km Werribee Plaza - 4.3km Altona Meadows Family Medical Clinic - 13.3km Point Cook Town Centre - 9.5km

TRANSPORT SCHOOLS Werribee Train Station - 1.2km Glen Devon Primary School - 400m International Airport - 41.7km Galvin Park Secondary College - 1.4km St Andrews Catholic Primary Werribee School - 1.8km RESTAURANTS Werribee Primary School - 2km Duyen Duyen Vietnamese Chinese Restaurant - 1.5km Corpus Christi Catholic Primary Werribee School - 2.3km Jakkajan’s Thai Restaurant - 1.5km Mackillop Catholic Regional Secondary College - 2.7km Alankrita Restaurant - 7.5km Manorvale Primary School - 2.8km Slices Family Restaurant - 9.6km

COFFEE Victoria University-Tafe Division Werribee Campus - 5.3km Coffee Pot Cafe - 1.4km University Of Melbourne Werribee Campus - 4km Domani Coffee Shop - 7.1km Impressions Coffee Shop - 7.4km 1300 725 588 www.vestbuild.com

Disclaimer: The investment decision of all interested parties should be based on advice from a qualified Financial Planner or similar professional and on their own research before making any investment decision. This document contains compiled information from various sources to assist you in conducting your due diligence. Please ensure you corroborate all information contained within this document. All sources for information contained within this Property Summary will be disclosed at your request. Vestbuild will not accept responsibility for inaccurate information provided from external sources or third parties.