SUBURB PROFILE CLYDE VIC 3978

Transcription

1 SUBURB PROFILE CLYDE VIC 3978 CLYDE Suburb Profile Page 1

2 Introducing Clyde Situated less than an hours drive from the Melbourne CBD, in the Casey City local government area (LGA), are the currently developing suburbs of Clyde and Clyde North. Casey City, the most populated LGA in Victoria and one of the fastest growing LGAs in Australia, lies in Melbourne s South East Growth Corridor. Melbourne is presently the fastest growing capital city in Australia, the second biggest city by population in Australia and in future, will become the nation s largest city, with a population breaching 8 million by According to the Global Liveability Index in 2015, Melbourne, the capital city of Victoria, was the most liveable city in the world for the fifth year running. A survey undertaken by the Conde Nast Traveler Magazine in 2014 awarded Melbourne the title of friendliest city in the world. Melbourne was also named the top Major City in Human Capital and Lifestyle, due to its high scores in categories like literacy rate and quality of life, in the 2014 Global Cities of the Future report. On top of these achievements, Melbourne is considered one of the education cities of Australia, as it s home to 10 internationally-renown, top-class universities, was voted the second most student friendly city in the world in 2015 and is situated in Victoria, the second most educated state in Australia in Additionally, Melbourne is a globally recognised medical hub for its cancer research and treatment and is supported by Victoria s status as an international leader in neuroscience, medical device design and infectious diseases. Considered one of the strongest performing financial centres in the Asia Pacific region, Melbourne is in the top 30 cities in the world on the Global Financial Centres Index. Its position in the global financial industry is aided by Australia s biggest airport and busiest container port being situated in Melbourne and by the strength and quality of Victoria s economy. It s firstly, bigger than most south-east Asian nations and secondly, has maintained a triple A credit rating, the only state to have such a prestigious rating in Australia, for 10 years. Forecasts suggest that Clyde will greatly benefit from its place in the award-winning city of Melbourne and is set for massive population and employment growth. Over the next 5, 10 and 15 years, the combined population of the Clyde Growth Area and Clyde North suburb is expected to grow significantly faster than Victoria as a whole. From 2016 to 2021, the annual growth rate is a tremendous 30.29%, which means the area is growing over 17 times faster each year than Victoria during the same period. An annual growth rate of 28.29% is predicted to occur from 2016 to 2026 and this rate is almost 17 times larger than Victoria s rate. Between 2016 and 2031, the annual growth rate of 24.30% is 15 times the size of Victoria s rate. This rate will increase the population from 2,160 in 2016 to approximately 56,400 in 2031, a population 26 times larger than its 2016 size. Another four years to 2036 and an estimated 87,900 people in total, will call the area home. Statistics suggest 7,300 people on average move to the Casey City region each year. Between 2011 and 2031, these new families will help to increase Casey City s population by 173,000 and will bring the total population to 434,000 people by Such a huge, future population requires support in the form of dwellings and jobs. According to forecasts, Casey City will add more residential dwellings, between 2011 and 2031, than any other LGA in Victoria. Approximately 68,300 new homes will be provided to residents. From 2011 to 2041, the combined number of residential dwellings in the Clyde Growth Area and the Clyde North suburb is set to increase by 11,148% or 40,000 dwellings and by 2041, a total of 40,400 dwellings will be accessible. Major residential development in the Clyde area, currently in progress and planned, is the source of these new dwellings and the influx of brand new housing has created demand from household-forming couples and families. Future development of large greenfield opportunities in and around Clyde will further drive growth and trigger more demand. CLYDE Suburb Profile I Page 2

3 Between 2013 and 2018, the Casey City LGA expects an employment growth of more than 10%. From 2006 to 2031, Casey City residents will gain access to 20,000 to 40,000 new jobs. Out of these jobs, a combined 25,500 new jobs could be generated by the completion of the Clyde North suburb, employment precincts, like the planned Cardinia Road Employment Precinct and employment clusters, such as the Dandenong South Employment Cluster. Industrial and business parks could also contribute 22,000 or more jobs in the near future. Additionally, billion dollar and multi-million dollar projects in progress, approved or proposed will produce thousands upon thousands of jobs. These projects include the Casey Central Shopping Centre redevelopment, the Melbourne Metro Rail project and the South East Airport project. MELBOURNE Australia s fastest growing city MOST LIVEABLE AND FRIENDLIEST city in the world CLYDE GROWTH AREA + CLYDE NORTH POPULATION 30.29% ANNUAL GROWTH RATE Within a 20km drive of the Clyde CBD, there are special schools, 48 primary schools, 17 secondary schools and 16 Prep to Year 12 schools, which include the top-performing Casey Grammar School. A 10 minutes drive from Clyde is the Berwick Campus of the multi-award winning, world-class university; Monash University. Within a short, driving distance of the Clyde CBD are childcare centres, medical centres, bus stops and the Cranbourne Railway Station, which allows travel to the Melbourne CBD. Public and private hospitals and one of the largest shopping centres in Australia; Westfield Fountain Gate Shopping Centre, are situated less than a 15 minutes drive away. over next 5 years ( ) Easily accessible entertainment amenities are not limited to parks, community, sports, leisure, aquatic and cultural centres, golf courses, reserves and sports grounds. In the biennial SportBusiness Awards, Melbourne s sporting facilities, like the nearby Cranbourne Racecourse, are continually recognised as some of the best in the world. Nationally-renown attractions, man-made and natural, such as the Royal Botanic Gardens in Cranbourne and others closer to the Melbourne CBD, entice millions of visitors to the city. In fact, Melbourne receives more interstate visitors than Sydney each year. CASEY CITY REGION Clyde and Clyde North residents have direct access to the South Gippsland Highway, so the Melbourne CBD is less than an hours drive north-west of the Clyde CBD. Dandenong is a 20 minutes drive north-west via the South Gippsland Highway and the suburb of Hastings is a 20 minutes drive south-west via Fisheries Road. (Sources: Australian Bureau of Statistics 2014; Australian Bureau of Statistics 2015; Australian Government Department of Employment 2014; BITRE 2013; Business Intelligence Institute Pty Ltd 2015; Caribbean Park Pty Limited 2015; CBRE Inc 2014; City of Casey 2014; City of Casey 2015; City of Melbourne 2015; Commonwealth of Australia 2013; Commonwealth of Australia 2014; Commonwealth of Australia 2015; Conde Nast 2014; Department of State Development, Business and Innovation 2015; Forecast ID 2015; Google Maps 2015; ID Population Experts 2015; MAB Corporation 2015; Metropolitan Planning 2008; Metropolitan Planning 2010; Metropolitan Planning 2011; NearMap Ltd 2015; Profile ID 2015; QS Quacquarelli Symonds Limited 2015; REA Group Ltd 2015; REMPLAN 2015; Sensis Pty Ltd 2015; State Government of Victoria 2015; State of Victoria 2015; The Economist Intelligence Unit Limited 2015; The State of Victoria, Department of Environment, Land, Water and Planning 2014; The State of Victoria, Department of Transport, Planning and Local Infrastructure 2015; Z/Yen Group Limited 2015; Sidebar images by Freepik licensed under CC by 3.0) CLYDE GROWTH AREA + CLYDE NORTH Dwellings to by 11,148% (from 2011 to 2041) 2ND LARGEST GROWING local government area in VIC 434,000 people in Casey City region by 2031 $21+ BILLION in projects in Casey-Cardinia region EMPLOYMENT Casey City region expects: 20,000-40,000 (new jobs between CLYDE Suburb Profile ) Page 3

4 Education Victoria is the second most educated state in Australia, according to 2011 statistics. Melbourne is also considered one of the education cities of Australia, with 10 world-class universities calling the city home and a title of second most student friendly city in the world. As Clyde is situated in Melbourne Metropolitan, the area has a diverse range of primary schools, secondary schools, special schools, childcare centres and tertiary education institutions. CHILDCARE FACILITIES Clyde residents in need of quality childcare services will be spoiled for choice, with access to approximately 54 childcare centres within a 15km drive of the Clyde CBD. PRIMARY AND SECONDARY EDUCATION A diverse range of educational facilities, such as schools, universities and TAFEs call Clyde and surrounding suburbs home. Travelling 20km via car from the Clyde CBD, residents will find approximately 48 primary schools and 17 secondary schools. Additionally, there are 16 Prep to Year 12 schools, which include the highachieving Casey Grammar School and the Cranbourne Campus of Lighthouse Christian College. For children with special needs, the Officer Specialist School, the Dandenong Valley Special Development School and the Marnebek School Cranbourne are the closest schools. TERTIARY EDUCATION From the Clyde CBD, the Berwick Campus of Monash University is situated a 10 minutes drive away. Monash University is ranked in the top 1% of world universities and is also listed in the top 50 universities in the world for its engineering and technology, arts and humanities and health courses. On top of these achievements, it s considered the best university in Australia for Chemistry, it s ranked in the top 50 most employable universities in the world and was awarded 5 stars for the quality of its staff and research. A Triple Crown international business accreditation also gives the university an edge. Unique facilities in and around the campus include a student hall of residence, a range of sporting facilities and the Berwick Healthcare medical centre. Students can access the campus via public buses, the Monash shuttle bus and via the nearby Berwick Railway Station. Monash University s third largest campus in Australia; the Peninsula Campus, is a 20 minutes drive west of the Clyde CBD. Like the Berwick Campus, public buses and the Monash shuttle bus allow easy travel to the Peninsula Campus. Deakin University s Burwood Campus is a 40 minutes drive from the Clyde CBD. Deakin University is ranked in the top 3% of world universities and was awarded 5 stars for its state-of-the-art facilities and for overall satisfaction. In 2014, Deakin received the International Education Provider of the Year award and other awards for Excellence in International Education and Excellence in Education. Some of the unique facilities at the campus include an art gallery and a disability resource centre. Travelling to and from the Burwood campus is a breeze, with public buses and the Deakin shuttle bus being easily accessible. Additionally, the Burwood Railway Station is a short distance from the campus. CLYDE Suburb Profile I Page 4

5 OTHER A 10 minutes drive from the Clyde CBD is the Chisholm Institute of TAFE s Berwick Campus. Not only is Chisholm one of the largest vocational education and training providers in Victoria, it s also an award-winning institution. In 2014, Chisolm won the Victorian Large Training Provider of the Year Award and was named the Best Large Training Provider in Australia. Chisholm s Berwick Campus can be accessed via public buses and students will additionally benefit from its proximity to the Berwick Railway Station. Chisholm Institute of TAFE s campus in Cranbourne is situated less than a 10 minutes drive north-west of the Clyde CBD, while the Dandenong Campus is located a 20 minutes drive from the Clyde CBD. Cranbourne Campus provides unique facilities like a Controlled Environment Horticulture Unit. A short distance from the Cranbourne Campus is the Cranbourne Railway Station and in addition to trains, public buses are available for students convenience. Dandenong Campus students have access to the Dandenong Railway Station, as well as public buses. Another educational facility near the Clyde CBD is the Deakin Learning Centre. It s a 20 minute drive from the Clyde CBD and is an off-campus study centre, which offers student support through the use of advisors and mentors and via training in workshops. Public buses can travel to and from this centre. (Sources: Australian Curriculum, Assessment and Reporting Authority 2015; Better Education Pty Ltd 2015; Car Sales Ltd 2015; Casey Grammar School 2015; Chisolm Institute 2015; Dandenong Valley SDS 2015; Deakin University 2015; Good Schools Guide 2015; Google Maps 2015; Harmen Architecture Pty Ltd; Lighthouse Christian College Cranbourne 2015; Marnebek School Cranbourne 2015; Monash University 2014; Near Map Ltd 2015; Officer Specialist School 2015; Sensis Pty Ltd 2015; Sidebar images by Freepik licensed under CC by 3.0) 84 Schools within 20km drive of Clyde CBD 7MIN From high-achieving Casey Grammar School (Measured from Clyde CBD) 7MIN From Cranbourne Campus of high-achieving Lighthouse Christian College (Measured from Clyde CBD) 10MIN From Berwick Campus of top-performing Monash University (Measured from Clyde CBD) 10MIN From Berwick Campus of award-winning Chisholm Institute of TAFE (Measured from Clyde CBD) 54 Monash Peninsula Activity and Recreation Centre Childcare centres within 15km Suburb driveprofile of Clyde CBD CLYDE Page 5

6 Shopping Melbourne is known as the fashion capital of Australia. SHOPPING CENTRES One of the largest shopping centres in Australia, the Westfield Fountain Gate Shopping Centre, is a short, 15 minutes drive north of the Clyde CBD. Spread across 3 levels are 464 retailers, including Woolworths, Kmart, ALDI, Myer and Best and Less. Nearly 6,400 free car parking spaces are available to shoppers, as well as a concierge desk, which offers retailer information and assistance. Taking public transport is a breeze, with bus interchanges on the streets surrounding the shopping centre. There s also Narre Warren Railway Station in walking distance. Situated beside the centre is a Bunnings Warehouse. Bunnings is considered the leading retailer of indoor and outdoor living products in Australia and New Zealand. Cranbourne Park Shopping Centre is less than a 10 minutes drive from the Clyde CBD. In September 2015, the shopping centre opened the doors of the final stage of its $113 million redevelopment. It s now home to a revamped Target, Coles, Kmart and Woolworths and more than 120 speciality stores. These include a Cotton On mega store, Best and Less, an Evocca College, JB Hi-Fi, Harris Scarfe and a Pacific Smiles Dental Centre. Additionally, shoppers can now dine at brand new restaurants in a Village Street dining area and children can play in their own dedicated play area. Approximately 1,700 underground and covered rooftop car spaces are accessible. A bus interchange and the Cranbourne Railway Station are in walking distance of the centre, if shoppers require public transportation. Up the road from the Cranbourne Park Shopping Centre, a 10 minutes drive northwest of the Clyde CBD, is the Cranbourne Homemaker Centre. A $40 million expansion was recently completed, which included a Masters Home Improvement Store and 5 new homeware retailers. Approximately 1,700 car parking spaces are now available in the centre, as well as 32 homeware-related stores, such as a Bunnings Warehouse, an Office Works, a Good Guys and a Sportsmart. For ease of access, there s a bus interchange on High Street and the Cranbourne Railway Station just north of the centre. Casey Central Shopping Centre is a 10 minutes drive from the Clyde CBD. By 2016, the shopping centre s $155 million redevelopment into a Westfield will be complete and the centre will contain over 100 stores and numerous car parks. Some of the major retailers will be a Coles, Woolworths, Target and Liquorland. There will also be a Shell petrol station, an upgraded food court and a kids play area. A bus stop is situated on Littlecroft Avenue for shoppers travelling via bus. NEIGHBOURHOOD CENTRES Around 15 neighbourhood centres are within a 15km drive of the Clyde CBD. These include the Eden Rise Shopping Centre and Springhill Shopping Centre. Smaller, local neighbourhood centres are also located in and around Clyde. (Sources: Aventus Property 2015; Bunnings Group Limited 2015; City of Casey 2014; Compco 2015; Cranbourne News 2015; Federation Centres 2015; Google Maps 2015; Hacer Group Pty Ltd 2015; Herald and Weekly Times 2015; Home Sales 2015; Hunt Club 2015; Innuendo Advertising Pty Ltd 2011; I2C 2015; NearMap Ltd 2015; Nevpask 2013; Parklea 2015; Scentre Group 2015; Sensis Pty Ltd 2015; Star News Group Pty Ltd 2015; Vive Group 2013; Westfield 2015; Yellow Pages 2015; Sidebar images by Freepik licensed under CC by 3.0) CLYDE Suburb Profile I Page 6

7 10MIN From Cranbourne Park Shopping Centre (Measured from Clyde CBD) 10MIN From Cranbourne Homemaker Centre (Measured from Clyde CBD) Artist Impression of Casey Central Shopping Centre Redevelopment 10MIN From Casey Central Shopping Centre (Measured from Clyde CBD) 15MIN From Westfield Fountain Gate Shopping Centre (One of the largest shopping centres in Australia) (Measured from Clyde CBD) Artist Impression of Cranbourne Park Shopping Centre Redevelopment 15 NEIGHBOURHOOD CENTRES (Within 15km drive of Clyde CBD) CLYDE Suburb Profile Page 7

8 Health Recognised around the world for its cancer research and treatment, Melbourne is one of Australia s top medical research hubs. Victoria also happens to be an international leader of health, with its expertise in neuroscience, infectious diseases and medical device design. HOSPITALS Approximately a 10 minutes drive north of the Clyde CBD is the Casey Public Hospital. It s run by the award-winning healthcare service provider; Monash Health and offers a wide range of services. These include general medicine, paediatric services, rehabilitation, emergency services, mental health and surgical services. From July 2015 to September 2015, Casey Hospital outperformed the state average, with 71% of its emergency department patients being treated within the national desirable treatment time. In May 2015, the Victorian Government announced a $106 million expansion of the Casey Public Hospital. For more information on the expansion, see the infrastructure section. St John of God Berwick Private Hospital, a 10 minutes drive from the Clyde CBD, is owned and run by the award-winning St John of God Health Care group. It s considered the largest private healthcare provider of its kind in Australia and the third biggest private hospital operator in Australia. Surgical services, cancer treatment, allied health services, palliative care, maternity services and paediatrics are some of the services offered by the hospital. A $150 million upgrade of the hospital is currently in progress. For more information on the development, see the infrastructure section. MEDICAL CENTRES There are approximately 15 medical centres, offering a range of general and specialist services, within a 10km drive of the Clyde CBD. (Sources: Allied Medical Group 2015; Billard Leece Partnership 2015; Google Maps 2015; Home Sales 2015; Human Services Directory 2015; Independent Practioner Network Group 2015; Monash Health 2015; NearMap Ltd 2015; Sensis Pty Ltd 2015; STH 2015; State of Victoria 2015; St John of God Health Care 2015; Yellow Pages 2015; Sidebar images by Freepik licensed under CC by 3.0) CLYDE Suburb Profile I Page 8

9 10MIN From Casey Public Hospital (Currently expanding) (Measured from Clyde CBD) 12MIN From St John of God Berwick Private Hospital Artist Impression of New St John of God Berwick Hospital (Currently upgrading) (Measured from Clyde CBD) 30MIN From New Monash Children s Hospital (To be completed by late 2016) (Measured from Clyde CBD) 15 MEDICAL CENTRES Casey Public Hospital (Within 10km drive of Clyde CBD) CLYDE Suburb Profile Page 9

10 Transport Less than a 10 minutes drive north-west of the Clyde CBD is the Cranbourne Railway Station on Station Street. As well as providing sheltered seating areas, the station gives park and ride commuters access to 640 parking spaces, 5 bicycle racks and 18 bicycle lockers. Travelling inbound on the Cranbourne line to Melbourne Central Station takes around an hour. On weekdays, trains depart every 15 to 20 minutes from Cranbourne to Melbourne Central Station and vice versa. On weekends, there s a service every 20 minutes from Cranbourne to Flinders Street Station in the Melbourne CBD and vice versa. Right next door to Clyde, in the suburb of Cranbourne, are numerous bus stops. Buses from these stops service Cranbourne and surrounding suburbs on weekdays and weekends. (Sources: Google Maps 2015; Sensis Pty Ltd 2015; State Government of Victoria 2015) City of Casey Council Casey City is the most populated local government area (LGA) in Victoria. Approximately 283,000 people or 4.85% of Victoria s estimated population, call the region home. According to forecasts, Casey City s population expects an annual growth rate of 2.73% over the next 5 years. Over the next decade, the average growth rate is 2.62% per year and over the next 15 years, the average growth rate is 2.49% per year. Victoria s annual growth rate over the next 5, 10 and 15 years is 1.74%, 1.68% and 1.62% respectively. In comparison, the City of Casey is growing faster than Victoria. Statistics suggest 7,300 people each year on average, move to the region. As a result of these growth rates, Casey City has been ranked one of the fastest growing LGAs in Victoria and in the top 10 fastest growing LGAs in Australia. By 2031, an additional 173,000 people will be living in Casey, bringing the region s total population to nearly half a million or 434,000 people. This tremendous increase in population has lead to Casey City being crowned the second largest growing LGA in Victoria from 2011 to On top of this achievement, the region will add more residential dwellings between 2011 and 2031 than any other LGA in Victoria. It s estimated 68,300 new homes will be provided to the City of Casey residents during that period of time. Demand for new dwellings has already been triggered, with the occurrence of $845 million dollars worth of residential building approvals in the 2014 to 2015 year. Out of Victoria s total of $20,337 million in residential building approvals in the same period, Casey City made up 4.15% of the approvals. During the 2011 Census, 62% of the 127,000-strong labour force in the City of Casey were full-time workers and 27% were part-time workers. According to updated statistics, the labour force has increased to 150,500 people in June 2015 and the number of local jobs or jobs situated in the LGA has surpassed 72,000 jobs. Between November 2013 and November 2018, Casey City will benefit from an employment growth rate of 10% or more. From 2006 to 2031, the Casey City residents will gain access to approximately 20,000 to 40,000 new jobs. Some of these jobs will be triggered by the planning, construction or post-construction stages of a variety of billion dollar and multi-million dollar infrastructure projects such as the Monash Children s Hospital project, the Melbourne Metro Rail project and the South East Airport project. Other jobs will be generated via business parks, employment precincts and national employment clusters, like the Caribbean Business Park, Cardinia Road Employment Precinct and Dandenong South Employment Cluster. CLYDE Suburb Profile I Page 10

11 9MIN FROM CRANBOURNE RAILWAY STATION (Measured from Clyde CBD) Bus stops in the next door suburb of Cranbourne CASEY CITY REGION MOST POPULATED local government area in VIC (Sources: Australian Bureau of Statistics 2011; Australian Government Department of Employment 2014; Australian Government Department of Employment 2015; BITRE 2013; Business Intelligence Institute Pty Ltd 2015; Caribbean Park Pty Limited 2015; City of Casey 2015; Commonwealth of Australia 2011; Commonwealth of Australia 2013; Commonwealth of Australia 2014; Commonwealth of Australia 2015; Economic ID 2015; ID Population Experts 2015; John Holland Group Pty Ltd 2014; Metropolitan Planning 2008; NIEIR 2014; Profile ID 2015; REA Group Ltd 2015; REMPLAN 2015; The State of Victoria, Department of Environment, Land, Water and Planning 2014; The State of Victoria, Department of Transport, Planning and Local Infrastructure 2015; Sidebar images by Freepik licensed under CC by 3.0) CASEY CITY REGION IN TOP 10 FASTEST GROWING local government areas in AUS 283,000 lived in Casey region in ,000 people by ,300+ Dalmore Drive, Caribbean Business Park new dwellings added to Casey regionsuburb between 2011 and CLYDE Profile Page

12 $21+B IN MAJOR PROJECTS RECENTLY COMPLETED, UNDERWAY, APPROVED AND PROPOSED IN CASEY-CARDINIA REGION Recently Completed $113M $72M CRANBOURNE PARK SHOPPING CENTRE REDEVELOPMENT RACING.COM PARK CLYDE ROAD UPGRADE NARRE WARREN-CRANBOURNE ROAD UPGRADE $55M Projects in Progress $250M $49M $155M MONASH CHILDREN S HOSPITAL (Completed by Dec-2016) CASEY CENTRAL SHOPPING CENTRE REDEVELOPMENT (Completed by 2016) NEW ST JOHN OF GOD BERWICK HOSPITAL (Completed by July-2017) CASEY CULTURAL PRECINCT BUNJIL PLACE (Completed by mid-2017) CAR MEGAMART COMPLEX (Completion date TBA) PENINSULA PRIVATE HOSPITAL REDEVELOPMENT (Completed by May-2016) $150M $100M $125M $55M AND PROPOSED IN MORETON BAY REGION CLYDE Suburb Profile I Page 12

13 Projects Awaiting Commencement $11.0B $2.50B MELBOURNE METRO RAIL (Construction to start in 2018, scheduled for completion by 2026) CRANBOURNE-PAKENHAM RAIL CORRIDOR PROJECT (Construction to start in 2016, scheduled for completion by early 2019) OFFICER TOWN CENTRE (Construction start and completion date TBA) MONASH FREEWAY WIDENING PROJECT (Construction to start early 2016, scheduled for completion by late 2018) $700M $223M NEW SCHOOLS PROJECT (Construction to start late 2015/early 2016, scheduled for completion by 2018) Proposed Projects $5.0B SOUTH EAST AIRPORT (Yet to be approved, construction start and completion date TBA) $10M UPGRADE OF SLADEN STREET IN CRANBOURNE (Construction could start by early 2016, estimated completion date is 2016/2017) $400M $106M CASEY PUBLIC HOSPITAL EXPANSION (Construction to start late 2015/early 2016, scheduled for completion by 2018) $310M UPGRADE OF THOMPSONS ROAD IN CRANBOURNE (Construction could start by mid-2016, completion date TBA) $6.3M LANG LANG COMMUNITY AND RECREATION PRECINCT (Construction start date TBA, estimated completion date is 2020) (Images by Freepik licensed under CC by 3.0) CLYDE Suburb Profile Page 13

14 INFRASTRUCTURE PROJECTS IN CASEY-CARDINIA REGION RECENTLY COMPLETED PROJECTS $113 million Cranbourne Park Shopping Centre Redevelopment (6km, 7min from Clyde CBD) Completed in Mar-2015, Stage 1 unveiled in Mar-2015, final phase of Stage 2 opened late Sept-2015, centre now contains 4 major retailers (revamped Target, Coles, Kmart and Woolworths), 120+ speciality stores eg. Cotton On mega store, Dotti, an Evocca College, JB Hi-Fi, Harris Scarfe, Pacific Smiles Dental etc., restaurants, a play area, a Village Street dining area etc., contains approx. 1,700 underground and covered car spaces etc. $72 million Racing.com Park (33km, 27min from Clyde CBD) Opened in March-2015, it s the new Pakenham Racecourse, park is first racecourse built in VIC in last 40 years, contains a 2,000m Polytrack synthetic track, a 2,400m turf track (largest grass track in AUS), a 600 seat event centre, 42-acre commercial and retail precinct etc., will support 1,800 jobs and create $688 million in benefits for the economy $55 million Clyde Road Upgrade Completed in Aug-2013, upgrade occurred in Narre Warren South between High Street and Kangan Drive, now includes an extra 1km of road, new intersections and road bicycle paths $49 million Narre Warren-Cranbourne Road Upgrade Completed in May-2015, now includes two lanes, improved intersections, pedestrian and bicycle paths etc. $40 million Cranbourne Homemaker Centre Expansion (9km, 10min from Clyde CBD) Opened in Oct-2015, includes a Masters Home Improvement Store and 5 new homeware retailers, upon completion, the centre will have 32 stores and 1,668 car spaces, it will become one of the largest homemaker centres in Australia, expected to generate 600 local jobs CLYDE Suburb Profile I Page 14 $12.63 million Next Stage of Cardinia Road Upgrade (Damon Street to Pakenham Railway Line, Officer) Completed mid-2015, includes a shared path, an upgrade to two lanes in each direction between north of Pakenham Railway Line and south of Damon Street, a bus bay etc. $6.80 million Toomah Community Centre (17km, 15min from Clyde CBD) Opened in April-2015, includes meeting rooms, consulting rooms, kitchens, a training room, a café etc. $6.60 million Marriott Waters Estate Sporting Precinct (14km, 15min from Clyde CBD) Opened in Aug-2014, includes change rooms for football, cricket and netball teams, a multi-purpose room, a kitchen, a canteen, office spaces and storerooms etc. $5.0 million Stage 2 of McGregor Road Upgrade Opened in April-2015, Stage 2 includes installation of a median strip, 2 lanes in each direction, intersection upgrades etc., next stage involves upgrading the level crossing $4.50 million Lynbrook Community Centre (14km, 14min from Clyde CBD) Opened in 2015, residents can access consulting rooms, meeting spaces, training rooms, a kitchen, a multi-purpose hall, a large outdoor deck etc. $4.30 million Henry Family Children s Centre (19km, 18min from Clyde CBD) Opened in Feb-2014, includes 2 kindergarten rooms, an outdoor play area, a community room etc., also provides specialist and health services $3.40 million Heatherbrae Recreation Reserve (17km, 15min from Clyde CBD) Completed April-2015, includes 2 ovals, tennis and basketball area, 2 netball courts etc.

15 $2.0 million Casey Little Athletics Track Upgrade (15km, 17min from Clyde CBD) New track opened in Nov-2015, project involved upgrading grass track at facility in Edwin Flack Reserve to an all-weather synthetic track PROJECTS IN PROGRESS $1.19 million Sealing of Island Road, Koo Wee Rup Completed in June-2015, included road sealing, pavement and drainage works etc. $840,000 Upgraded Netball Pavilion at Officer Recreation Reserve (18km, 17min from Clyde CBD) Completed in June-2015, included an upgraded netball pavilion etc. $740,000 Cardinia Life Recreational Facility Upgrade (20km, 17min from Clyde CBD) Completed in Dec-2015, project aim was to reduce the facility s energy consumption, project included management system upgrade, lighting improvements, installation of power correction, cogeneration and gas units etc. $600,000 Netball Pavilion at Holm Park Recreation Reserve (16km, 18min from Clyde CBD) Opened in July-2014, included the addition of 2 netball courts, change rooms etc. $500,000 McBride Road Upgrade Completed early-2015, includes improvement of drainage, kerb and channel construction etc. Netball Pavilion at Cora Lynn Recreation Reserve Completed mid-2015, included replacement of original pavilion, toilets etc. Completed Business Parks 15 completed parks within a 30mins drive of the Clyde CBD: Casey Business Park, Hallam Business Park, Healey Industrial Estate, Hammond Business Park, South Park Industrial Estate, Seaford Industrial Estate, Dandenong Industrial Estate, Adamco Business Park, Brandon Business Park, Clayton Business Park, Hallmarc Business Park, Axxess Corporate Park, award-winning Omnico Business Centre, Spectrum Business Park and Monash University Business Park $250 million Monash Children s Hospital (36km, 30min from Clyde CBD): o Construction began in 2014, estimated construction completion date is Dec-2016, scheduled to open early 2017, expected to generate 700 construction-related jobs o Upon completion, it will be only hospital in VIC to deliver foetal surgery, blood disorder and cardiac-related aid, will also be one of only two paediatric hospitals dedicated to children in VIC, facilities will include 230 beds, 3 operating theatres, consulting rooms, spaces for Starlight Foundation, Hoyts etc., X-Ray, MRI and ultrasound rooms, Allied Health spaces etc. $155 million Casey Central Shopping Centre Westfield Redevelopment (11km, 11min from Clyde CBD) Project includes a Coles with fresh food precinct, a Woolworths, an Aldi, a revamped Target, an expanded Liquorland, a Shell petrol station, 85+ new specialty stores, additional mini majors, an upgraded food court with 350 seats, a kids play area etc., once completed, centre will be 4 times bigger than its original size, will have 100+ stores and more car parks, an estimated 1,000 full-time and part-time jobs will be generated after construction, on track for 2016 completion date $150 million new St John of God Berwick Hospital (12km 12min from Clyde CBD): o Situated opposite Casey Hospital, upon completion, area will become one of Melbourne s major health precincts o Hospital to include 190+ beds, 6 maternity units, 2 endoscopy theatres, 6 surgical theatres, a cardiac/vascular catheter lab, first intensive care unit in region, a cardiac unit, an outpatient rehabilitation centre, approx. 350 basement car parks etc. o Stage 1 of 3 completed in Feb-2015, stage included a $20 million specialist centre etc., future stages could include third building, next stage to begin late 2015, scheduled completion date of entire project is July 2017, development to create 200 jobs CLYDE Suburb Profile I 15

16 $125 million Bunjil Place (Casey Cultural Precinct) (15km, 15min from Clyde CBD): o Project is City of Casey s largest ever infrastructure project and is considered one of the biggest projects undertaken by an Australian local government o Only centre of its kind in the region, facility includes an 800-seat regional theatre (largest theatre outside of Melbourne CBD), an art gallery, a studio, a function centre with 350-seats, a civic centre, offices, a community plaza, a community library etc. o Will produce 1,200 jobs during construction, will inject $84 million into the Casey economy, 53 post-construction jobs will be created, construction works began in Mar2015, facility scheduled to open mid-2017 $100 million Car MegaMart Complex (22km, 20min from Clyde CBD) Car MegaMart recently completed, it s the largest used car complex in Australia, complex contains used car dealerships, maintenance businesses, showrooms etc., in future, will contain used boat and caravan dealerships etc., completion date TBA $55 million Peninsula Private Hospital Redevelopment (19km, 18min from Clyde CBD) Includes a new emergency department, 71 additional inpatient beds, a parking facility, a surgical theatre, the first Hybrid theatre in the Mornington Peninsula (opened in April-2015) etc., 120 full-time hospital staff jobs expected after construction, construction began Nov2014, scheduled completion date is May-2016 $12 million IYU Recreation Reserve (21km, 18min from Clyde CBD) Set to become Cardinia Shire s prime soccer facility and South East Melbourne s best soccer venue, Stage 1 complete, Stage 2 includes a synthetic soccer pitch and pavilion etc., construction estimated to begin 2016, expected completion date is 2018, future stages include athletics facility etc. $6.70 million Casey Indoor Leisure Centre Expansion (5km, 5min from Clyde CBD) Courts to increase from 6 to 10 courts, also includes a 1,500 seating show court facility, change rooms, offices, a café, a kitchen, a function room etc., completion set for 2016 CLYDE Suburb Profile I 16 $6.25 million Carlisle Park Reserve Project (9km, 9min from Clyde CBD) Development includes first synthetic football and cricket oval in Casey City and second in VIC, 2 netball courts, cricket practice nets, a pavilion, car parking area etc., completion set for early 2016 $5.0 million Cranbourne West Community Centre (9km, 10min from Clyde CBD) To open early 2016, includes 2 consulting rooms, 3 kindergarten rooms, community group spaces, meeting rooms for functions etc. $3.0+ million Stage 3 of St Peter s College Cranbourne East Campus Development (4km, 6min from Clyde CBD) Construction of Stage 3B (connection between Art and Technology Centre and 10 classrooms) expected to commence in 2016, completion scheduled for 2017, future development for campus includes a learning centre, a trade training centre etc. $2.44 million Officer Community Hub (19km, 19min from Clyde CBD) Development includes 3 indoor courts in a stadium, multipurpose art and community spaces etc., completion date set for early 2016 $700,000 Cora Lynn s Eleven Mile Road Bridge Replacement Project (27km, 24min from Clyde CBD) Current bridge to be demolished, new bridge will have higher load carrying capacity, construction began in Oct2015, estimated completion date is late 2015 $500,000 Casey Aboriginal Gathering Place (25km, 22min from Clyde CBD) Situated in Linden Place Shopping Centre, construction began July-2015, scheduled to open in early 2016, precinct includes a range of health facilities, heritage and cultural spaces etc. Clyde North Precinct Structure Plan (Development Plan for Clyde North suburb) Development plans over next 20 years include a town centre with childcare centres and a medical centre, primary and secondary schools, local neighbourhood centres, open space areas connected via trail network etc., plans to cater for 18,500 residents and provide 2,000 jobs, construction underway, completion date TBA

17 Cranbourne Campus of Lighthouse Christian College (6km, 5min from Clyde CBD) Development involves classrooms, a multipurpose hall, a sports oval etc., construction completion date of campus TBA Pakenham Racecourse Redevelopment (26km, 22min from Clyde CBD) Project involves redevelopment of old Pakenham Racecourse into a mixed-use precinct, will include residential, retail and commercial elements, expected to generate 2,800 jobs and produce an economic benefit of approx. $592 million, construction completion date is TBA Moorabbin Airport West Access Road Development (35km, 36min from Clyde CBD) Stage 1 includes 500m of new airport access road, a new signalised intersection, a bus stop shelter etc., estimated Stage 1 completion date is late 2015, airport currently includes 5 runways, a Control Tower, a children s playground, picnic areas, free car parking etc. Business Parks In-Progress 13 parks under construction within a 30mins drive of Clyde CBD: Thompsons Base Business Park, Power Park Industrial Estate, M1 and M2 Industry Parks, SouthEast Business Park, Innovation Park, Estate One, award-winning Logis EcoIndustrial Park, Key Industrial Park, Stamford Business Estate, Nexus Corporate Park, Kingston Business Park, Caribbean Business Park and Ferntree Business Park PROJECTS AWAITING COMMENCEMENT $11 billion Melbourne Metro Rail Construction expected to start in 2018, completion date set for 2026, set to employ 3,500+ people during construction peak, project includes two 9km rail tunnels, 5 new underground stations, 5 new railway stations, train and tram interchanges etc. $2.50 billion Cranbourne-Pakenham Rail Corridor Project Involves removal of 9 level crossings, redevelopment of existing train stations, addition of new trains, construction to start in 2016, estimated completion date of early 2019, expected to create 3,000 jobs $700 million Officer Town Centre (18m, 18min from Clyde CBD) Construction start and completion date TBA, will include office buildings eg. the Cardinia Shire Civic Centre, community facilities, retail outlets, housing etc. $400 million Monash Freeway Widening Project Widening from 4 to 5 lanes to occur between South Gippsland Highway and EastLink interchange at Dandenong North, widening from 3 to 4 lanes to occur through to Clyde Road in Berwick, project will also include addition of smart technology, construction to begin early 2016, completion date set for late 2018, 400 jobs created during construction etc. $223 million New Schools Public Private Partnership (PPP) Project 15 new schools to be delivered across Cardinia, Casey, Golden Plains, Geelong, Whittlesea, Surf Coast and Wyndham, construction to start late-2015, estimated opening date for first group of schools is 2017, second group set to open in 2018 New schools in close proximity to Clyde include Heather Grove Primary School in Clyde, Casey Central East Primary School and Cranbourne South West Primary School, these are set to open in 2017 $106 million Casey Public Hospital Expansion (11km, 12min from Clyde CBD) Announced in May-2015, will include 8-storey inpatient tower, containing 96 new beds, region s first intensive care centre, 4 surgical theatres, surgery recovery area etc., once complete, hospital will be 35% larger, construction expected to begin late 2015/early 2016, completion set for 2018 $10 million Stage 3 of Cranbourne Secondary College (7km, 8min from Clyde CBD) VIC Budget 2015/2016 has allocated $1 million to planning over 2 years for Stage 3 (final stage) of the colleges redevelopment, includes new classrooms and an upgrade to the science and technology wing, construction of the stage to commence by 2016, estimated completion date is 2017 to 2018, Stages 1 and 2 were completed in 2010 and were worth $8 million CLYDE Suburb Profile I 17

18 $6.20 million Pakenham Health Hub Project (21km, 20min from Clyde CBD) Includes development of a community hub, will offer services eg. counselling, pathology, family family etc., and access to diagnostic imaging, specialist clinics, a pharmacy etc., construction to begin March-2016, completion date TBA $2.77 million Pavilion Project at Heatherbrae Recreation Reserve, Officer (17km, 15min from Clyde CBD) Project involves construction of a pavilion for sporting groups, design is nearly complete, tender process set to begin late 2015, construction expected to start early 2016, completion date TBA Endeavour Hills Community Centre (23km, 21min from Clyde CBD): Stage 1 currently in planning stages, Stage 1 plans include town square etc., $1 million dollars worth of works to begin in 2015 Stage 2 plans include landscaping of neighbourhood house, refurbishment of youth and skate precinct etc. Stage 1 and 2 expected to be completed within next 5 years, plan over next 5 to 20 years include a new community hub, a lifestyle building, a library expansion, an East West Link etc. PROPOSED PROJECTS $5.0 billion South East Airport If approved, will become 3rd airport for Melbourne, location yet to be decided, proposed features include 20 gates etc., during construction phase alone, an economic impact of $22.50 billion is expected, up to 110,000 jobs could be generated, could also create 5,500 acres of employment land etc., construction start and completion date TBA $310 million Upgrade of Thompsons Road in Cranbourne $20.50 planning and preconstruction stage currently in-progress, project involves removal of Merinda Park s level crossing, duplication of Thompsons Road, creation of shared paths etc., could create up to 300 jobs, construction expected to start by mid-2016, estimated completion date is TBA CLYDE Suburb Profile I 18 $10 million Upgrade of Sladen Street in Cranbourne Upgrade to occur between Narre Warren-Cranbourne Road and Codrington Street, upgrade involves addition of 2 new lanes in each direction etc., construction expected to start early 2016, estimated completion date is 2016/2017 $6.30 million Lang Lang Community and Recreation Precinct (31km, 22min from Clyde CBD) Spans 36 hectares, once completed, will include sporting facilities, recreational trails, meeting rooms, community spaces, storage facilities, barbecues etc., construction start date TBA, completion date is 2020 $5.70 million Hills Hub, Emerald (31km, 32min from Clyde CBD) As a community services hub, it will provide a home for community services and organisations, other services that may be provided in future include health and counselling services, meeting rooms, arts spaces, skills and training services etc., construction may commence by July-2016 and be completed by late 2017 $2.79 million Arena Children s Centre, Officer (18km, 16min from Clyde CBD) Includes community spaces, meeting rooms, a kindergarten etc., will also provide maternal and child health services etc., construction expected to commence Jan-2016 and be completed by Nov-2016 Western Port Highway Upgrade Upgrade to occur between South Gippsland Freeway and south of Cranbourne-Frankston Road, construction start and completion date TBA Other Proposed Projects: Development of primary and secondary schools in Greater Cranbourne, Clyde and Clyde North, estimated to create 900 jobs, construction start and completion date TBA Development of local retail centres and neighbourhood centres in Greater Cranbourne, Clyde and Clyde North, estimated to create 2,300 jobs, construction start and completion date TBA Development of a private hospital in Greater Cranbourne, could create 200 jobs, construction start and completion date TBA

19 ONLY A 15 MINUTES DRIVE FROM $125 MILLION CASEY CULTURAL PRECINCT (Sources: ABC 2014; ABC 2015; Alamar AV Communications Pty Ltd 2015; Allmore Constructions Pty Ltd 2015; Allure Media 2015; Aneeka Simonis, July , Gazette News; Aneeka Simonis, November , Gazette News; APN Funds Management Limited 2015; Australian Property Opportunities Fund 2015; Auto Media Group Ltd 2015; Aventus Property 2015; Bang the Table Pty Ltd 2015; Bayport Industries Pty Ltd 2014; Bridget Cook, September , Cranbourne News; Business Intelligence Institute Pty Ltd 2015; Cardinia Shire Council 2013; Cardinia Shire Council 2014; Cardinia Shire Council 2015; Caribbean Park Pty Limited 2015; Casey Little Athletics 2015; CBRE Inc 2014; Cbus Property 2013; City of Casey 2012; City of Casey 2014; City of Casey 2015; Colliers International 2014; Construction and Building Industry Super 2015; Country Racing Victoria 2013; Dexus Property Group 2015; Eastern Transport Coalition 2009; Facey Industrial Commercial 2014; Fairfax Media Publications Pty Ltd 2014; Fairfax Media Publications Pty Ltd 2015; Federation Centres 2015; Georgie Crozier 2015; Goodman Limited 2015; Google Maps 2015; Hacer Group Pty Ltd 2015; Hallmarc Limited 2015; Irwinconsult Pty Ltd 2013; ISPT 2015; KABLE 2015; KIKGroup 2015; Leighton Properties 2015; Liberal Victoria 2015; MAB Corporation 2015; Max Pichon, July , AutoTalk; Metropolitan Planning 2011; Metropolitan Planning 2015; Minister for Sport and Recreation (Hugh Delahunty) 2013; Monash Children s Hospital 2015; Monash Health 2015; Monash University 2015; Moorabbin Airport Corporation 2015; Mornington Peninsula News Group 2014; Mornington Peninsula News Group 2015; M3Property 2015; NearMap Ltd 2015; News Corp Australia 2013; News Corp Australia 2014; News Corp Australia 2015; Noah Carroll, State Secretary, ALP Victorian Branch 2014; Omnico Corporation 2015; Parklea Pty Ltd 2014; Pellicano Pty Ltd 2015; PHOOEY Architects Pty Ltd 2015; Places Victoria 2015; Ramsay Health Care 2015; REA Group Ltd 2015; Richard Willingham, November , The Age; Root Projects Australia 2015; Salta Properties 2015; Satterley Property Group 2015; Scentre Group 2015; Sensis Pty Ltd 2015; Shannon Properties 2015; Star News Group Pty Ltd 2015; State Government of Victoria 2012; State Government of Victoria 2013; State Government of Victoria 2014; State Government of Victoria 2015; State of Victoria 2015; State of Victoria (Department of Education and Training) 2015; St John of God Health Care 2010; St John of God Health Care 2015; Terry Ryder Hotspotting Report 2015; The Herald and Weekly Times Pty Ltd 2015; The State of Victoria, Department of Transport, Planning and Local Infrastructure 2014; VicRoads 2014; Urbananalyst 2015; Vaughan Constructions Pty Ltd 2015) CLYDE Suburb Profile I 19

20 Industry & Employment Casey City s labour force in June 2015 consisted of more than 150,500 people and is the largest local government area (LGA) labour force out of all LGA labour forces in Victoria. Clyde and Clyde North are situated within the Cranbourne South Statistical Area and it s estimated 5,000 people or 3.20% of the Casey City labour force worked in this statistical area in June According to forecasts, Melbourne Metropolitan s South East Growth Corridor, which encompasses the Casey City LGA, could generate 86,000 to 110,000 new jobs. South East Corridor s employment growth is one of the reasons why Melbourne Metropolitan will become Australia s largest business centre by Between November 2013 and November 2018 alone, the Casey City LGA anticipates an employment growth of 10% or more and between 2006 and 2031, the city s residents expect access to 20,000 to 40,000 new jobs. An estimated 2,000 of these jobs will be created via the completion of the currently developing Clyde North suburb. Other jobs will be produced via employment precincts and national employment clusters. National clusters are six areas containing businesses and institutions that contribute significantly to the economy. Industrial and business parks and recently completed, in-progress, approved and proposed infrastructure projects will also create jobs. Employment precincts include the Cranbourne West Employment Area, situated a 10 minutes drive north-west of the Clyde CBD and the Cardinia Road Employment Precinct, located a 15 minutes drive north-east of the Clyde CBD. Formed via the development of industrial areas, a business park, mixed use areas and a business activity centre in the Cranbourne West Precinct Plan, the Cranbourne West Employment Area could produce up to 17,000 jobs. Plans suggest the development of a business and industrial park and neighbourhood activity centre in the Cardinia Road Employment Precinct could generate 18,500 jobs. A 20 minutes drive north-west of the Clyde CBD is the 154-hectare Dandenong South Employment Cluster. Home to the award-winning Logis Eco-Industrial Park and three other industrial and business parks, the national cluster currently provides 55,000 jobs and is expected to generate another 5,000 jobs in the coming years. Further north-west, a mere 30 minutes from the Clyde CBD, is the 4,000-hectare Monash Employment Cluster, the largest, established national cluster in Melbourne Metropolitan. Monash consists of four industrial and business parks, as well as an array of health, education and research facilities. These include the Clayton Campus of Australia s largest university; Monash University, the future Monash Children s Hospital and the Monash Enterprise Centre. Not only is the Monash Employment Cluster the largest national cluster in terms of size, but it also contains the largest concentration of employment after the Melbourne CBD. Approximately 58,500 people work in the cluster and once a newly-created planning framework is in place, thousands of jobs will be produced in the near future. In addition to the industrial and business parks situated in the employment clusters, there are 10 completed and 9 in-progress industrial and business parks within a half an hours drive of the Clyde CBD. Though completed, parks such as the Casey Business Park and the Healey Industrial Estate still have the potential to offer new jobs. Upon the completion of parks like the South East Business Park, Thompsons Base Business Park and Caribbean Business Park, at least 22,000 new jobs will be made available to Casey-Cardinia residents. In-progress infrastructure projects with the greatest impact on the local job economy include the new Monash Children s Hospital, the Casey Central Shopping Centre redevelopment and the Casey Cultural Precinct project. Altogether, these projects are expected to generate thousands of full-time and part-time jobs. Projects in their awaiting commencement stage and proposed projects, such as the Melbourne Metro Rail project and the South East Airport, respectively, could create 113,500 full-time and part-time new jobs. CLYDE Suburb Profile I 20

21 CRANBOURNE SOUTH UNEMPLOYMENT RATE 3.40% (in June 2015) In June 2015, Cranbourne South Statistical Area s unemployment rate was 3.40%. Compared to Victoria s unemployment rate of 6.40% in the same period, Cranbourne South Statistical Area has an extremely low rate, which indicates high employability for the area s residents. Statistics from the 2011 Census identify the construction industry (15%), manufacturing industry (11%) and the agriculture, forestry and fishing industry (11%) as the top 3 industries by employment in the Clyde and Clyde North area. Fourth and fifth industries respectively are the retail trade industry (9%) and the education and training industry (7%). Cardinia Shire as a whole, is supported by a number of key industries. Listed in order of the size of their economic output, the top 5 key industries are manufacturing, real estate services, construction, wholesale trade and retail trade. Forecasts suggest the construction and manufacturing industries will grow significantly alongside the advancing development of the Clyde and Clyde North suburbs and will therefore, remain the top industries over the coming years. As at June 2014 the GRP (Gross Regional Product) of the Casey City LGA was $6.18 billion. This represented 1.85% of Victoria s GSP (Gross State Product). From 2006 to 2014, the GRP increased by 32.40%. From now and into the future, the GRP is expected to increase at a similar, rapid rate, due to the continuing development of Clyde, Clyde North, Cranbourne East, Cranbourne West, Botanic Ridge, Narre Warren South, Berwick South, Lynbrook and Lyndhurst. (Sources: Aneeka Simonis, July , Gazette News; Aneeka Simonis, November , Gazette Pakenham; APN Funds Management Limited 2015; Australian Government Department of Employment 2014; Australian Government Department of Employment 2015; Bayport Industries Pty Ltd 2014; BITRE 2013; Business Intelligence Institute Pty Ltd 2015; Cardinia Shire Council 2010; Caribbean Park Pty Limited 2015; CBRE Inc 2014; Cbus Property 2013; City of Casey 2012; City of Casey 2014; Colliers International 2014; Commonwealth of Australia 2013; Commonwealth of Australia 2014; Commonwealth of Australia 2015; Dexus Property Group 2015; Economic ID 2015; Facey Industrial Commercial 2014; Forecast ID 2015; Goodman Limited 2015; Hallmarc Limited 2015; Leighton Properties 2015; MAB Corporation 2015; Metropolitan Planning 2008; Metropolitan Planning 2010; Metropolitan Planning 2011; Metropolitan Planning 2015; Monash University 2015; NearMap Ltd 2015; NIEIR 2014; Omnico Corporation 2015; Parklea Pty Ltd 2014; Pellicano Pty Ltd 2015; Places Victoria 2015; Profile ID 2015; REA Group Ltd 2015; REMPLAN 2014; Salta Properties 2015; Sensis Pty Ltd 2015; Shannon Properties 2015; Star News Group Pty Ltd 2015; State of Victoria 2015; The State of Victoria, Department of Environment, Land, Water and Planning 2014; The State of Victoria, Department of Transport, Planning and Local Infrastructure 2015; Vaughan Constructions Pty Ltd 2015) Caribbean Business Park + Thompsons Base Business Park + Casey Business Park have potential to create 22,000 new jobs CASEY CITY EXPECTS 10%+ employment growth ( ) CASEY CITY RESIDENTS EXPECT ACCESS TO 20,000-40,000 new jobs ( ) Clyde and Clyde North s top industry of employment in 2011: CONSTRUCTION Casey City economy worth $6.18 BILL in 2014 CLYDE Suburb Profile I 21

22 Demand Ready to EXPLODE Clyde is an affordable, family-orientated area Now entering its growth phase, Clyde will attract householdforming couples and families: set to become a high demand area Development of newly-identified, large greenfield areas will further drive growth and trigger even more demand Situated in the heart of Casey City, one of the fastest growing LGAs (local government area) in VIC and one of the fastest growing LGAs in AUS, Clyde is surrounded by billions of dollars worth of infrastructure projects recently completed, in progress, approved or proposed eg. Monash Children s Hospital etc. Also in close proximity to Clyde are employment hubs eg. Dandenong Employment Cluster, Cardinia Road Employment Precinct, South East Business Park, Thompsons Base Business Park, Caribbean Business Park etc. Casey City LGA is located in Melbourne Metropolitan or Greater Melbourne City, the friendliest and most liveable city in the world, it s also one of the top financial centres in Asia Pacific region, a medical research hub, the top major city in human capital and lifestyle, additionally, it s the 2nd most student friendly city in the world, a sporting city and is the fashion and cultural capital of Australia Clyde residents have direct access to South Gippsland Highway, which connects to the Princes Highway and Monash Freeway, the Melbourne CBD (the fastest growing area in Australia from 2012 to 2013) is less than an hours drive north-west of the Clyde CBD via the Monash Freeway, the suburb of Dandenong is a 20mins drive north-west via South Gippsland Highway and the suburb of Hastings is a 20mins drive south-west via Fisheries Rd Within a 20km drive of Clyde CBD, there are high-achieving schools and universities, major shopping centres, hospitals etc. Combined number of residential dwellings in the Clyde Growth Area and Clyde North suburb is forecasted to increase by nearly 11,148% from 2011 to 2041 (359 dwellings to 40,379 dwellings, change of 40,020 dwellings) Casey City LGA s residential building approvals for : $845 million dollars worth of approvals for the year, which represents 4.15% of VIC s approvals in same year From 2011 to 2031, Casey City will add more residential dwellings than any other LGA in VIC (68,300 new homes) Dwelling forecasts for Casey City: total residential dwellings in LGA should exceed 174,700 by 2041 (approx. 86,300 new dwellings to be provided between 2011 and 2041) (Sources: Australian Bureau of Statistics 2014; Business Intelligence Institute Pty Ltd 2015; Caribbean Park Pty Limited 2015; City of Casey 2015; City of Melbourne 2015; Conde Nast 2014; Economic ID 2015; Forecast ID 2015; Google Maps 2015; ID Population Experts 2015; NearMap Ltd 2015; NIEIR 2014; QS Quacquarelli Symonds Limited 2015; Sensis Pty Ltd 2015; The Economist Intelligence Unit Limited 2015; The Nylon Book of Global Style 2014; The State of Victoria Department of Environment, Land, Water and Planning 2014; The State of Victoria Department of Environment, Land, Water and Planning 2015; Z/Yen Group Limited 2015) CLYDE Suburb Profile I 22

23 Set to Experience TREMENDOUS Growth Perfectly positioned in the fast-growing South East Growth Corridor of Melbourne Metropolitan, Clyde is set for growth Forecasts suggest Melbourne Metropolitan could overtake Sydney as Australia s most populated city by 2056, with a population of 8.2 million in 2056 Annual population growth rate for the combined population of the Clyde Growth Area and Clyde North suburb over the next 5 years (30.29%) is more than 17 times larger than VIC s annual growth rate over the next 5 years (1.74%) Over next 10 years, annual growth rate is 28.29% per year (17 times larger than VIC s growth rate over next 10 years (1.68%)) Over next 15 years, annual growth rate is 24.30% per year (15 times larger than VIC s growth rate over next 15 years (1.62%)) Casey City is one of the fastest growing LGAs in VIC and is listed in the top 10 fastest growing LGAs in Australia, it s also the 2nd largest growing LGA in VIC, with an additional 173,000 people to call Casey City home between 2011 and 2031 Currently, approx. 283,000 people live in Casey City, by 2031, the total population will reach nearly half a million (434,000) According to statistics, approx. 7,300 people each year on average move to the Casey City region Billion dollar and multi-million dollar projects, as well as employment precincts and business parks surrounding Clyde eg. Casey Central Shopping Centre redevelopment, Cardinia Road Employment Precinct, Thompsons Base Business Park and Caribbean Business Park could trigger 40,000+ new jobs Between November 2013 and November 2018, Casey City LGA expects an employment growth of 10%+ Between 2006 and 2031, Casey City residents expect access to approx. 20,000 to 40,000 new jobs As at June 2014, the GRP (Gross Regional Product) of the Casey City LGA was $6.18 billion, GRP increased by 32.40% from 2006 to 2014, GRP expected to increase significantly over the coming years due to the continuing development of Clyde, Clyde North, Cranbourne East, Cranbourne West, Botanic Ridge, Narre Warren South, Berwick South, Lynbrook, Lyndhurst etc. (Sources: Australian Government Department of Employment 2014; BITRE 2013; Caribbean Park Pty Limited 2015; CBRE Inc 2014; City of Casey 2014; City of Casey 2015; Commonwealth of Australia 2013; Commonwealth of Australia 2014; Economic ID 2015; Forecast ID 2015; ID Population Experts 2015; Irwinconsult Pty Ltd 2013; MAB Corporation 2015; Metropolitan Planning 2008; NIEIR 2014; Profile ID 2015; REA Group Ltd 2015; REMPLAN 2015; The State of Victoria Department of Environment, Land, Water and Planning 2015) CLYDE Suburb Profile I 23

24 CLYDE Suburb Profile I 24

25 LESS THAN 10 MINUTES FROM AWARD-WINNING ROYAL BOTANIC GARDENS CLYDE Suburb Profile I 25

26 Demographics In 2011, the combined population of the Clyde Growth Area and the Clyde North suburb was 949 people. Forecasts suggest the combined Clyde Growth Area and the Clyde North population will increase by a massive 19.86% per year and will nearly reach 88,000 people by Consisting predominantly of young, couple families with preadolescent children, the median age of the population in 2011 was approximately 36 years old. Currently, established couples and families, aged 45 to 54 and their families, make up the largest percentage of residents in the Clyde and Clyde North area. This is followed by older couples, aged 55 to 64 and their families. Full-time workers represented 65% of the 640-strong labour force in the Clyde and Clyde North area in 2011, while 31% were part-time workers. Technicians and trades workers (19%), managers (16%) and clerical and administrative workers (15%) were the top 3 occupations by employment in Professionals (12%) and labourers (11%) were fourth and fifth, respectively. Clyde and Clyde North s top 5 industries by employment in 2011 were construction (15%), manufacturing (11%), agriculture, forestry and fishing (11%), retail trade (9%) and education and training (7%) industries. Of the total occupied, private dwellings in 2011, 99% were separate, detached houses. Approximately 40% of the total occupied, private dwellings in the Clyde and Clyde North area were owned via mortgage, 32% were owned outright and 19% were rented. (Sources: Australian Bureau of Statistics 2011; Commonwealth of Australia 2011; Forecast ID 2015; Profile ID 2015; REA Group Ltd 2015) CLYDE Suburb Profile I 26

27 Impact Group AUS Impact Group AUS is a group of companies that are privately owned by Australians and operate in Australia. Impact operates four distinct business units providing services throughout Queensland, New South Wales and Victoria. To support the more than a roof over your head philosophy we continue to expand and offer new services to new markets. GREEN FIELDS LAND DEVELOPMENT Impact has developed a simple and scalable business model that provides a full end-to-end service from green field to ongoing property management. CIVIL CONSTRUCTION PROPERTY MANAGEMENT Impact Developments Impact Homes Impact Developments has successfully undertaken a range of medium size land subdivision and community title townhouse projects since We manage the residential development process from start to finish, adding value through the acquisition, design, approval, construction, finance and sales stages of each project. Established in 1996, Impact Homes is one of the most respected and competitively priced suppliers of residential land and house packages along Australia s Eastern Seaboard. We offer a full range of design, build and maintenance services to meet the growing needs of real estate investors. We continue to add the services necessary to provide trusted real estate solutions. From delivering a boutique eight townhouse complex to a 150 lot subdivision, over 10 stages, Impact has demonstrated its ability to deliver land subdivisions and townhouse projects on time, constructed to the highest standards and with a commitment to common-sense design. Impact Civil Impact Civil provides professional civil and site development services to the Impact Group s, as well as third parties, residential subdivisions and community title townhouse projects. We project manage the civil process from start to finish and undertake the whole gamut of site clearing, bulk earthworks, roads and drainage, sewer and water reticulation, storm water, retaining and landscaping. Through integrity, the Impact Homes team will deliver honest, reliable, high quality and competitively priced homes. From a fixed price investment to a well-designed, modern home Impact Homes offers more than just a roof over your head. We build houses you re proud to invest in. Impact RES Impact Real Estate Solutions offers a comprehensive suite of services designed to meet all of your property management needs. At Impact Real Estate Solutions we believe that your needs should be at the forefront of our service offering, ensuring the best possible return on your investment and providing you the greatest possible peace of mind. Impact Real Estate Solutions has a large territory of rental properties from Caboolture to the Tweed and out West to Ipswich, and with a dedicated team of professionals devoted to managing them all, we have you covered. CLYDE Suburb Profile I 27

28 PO Box 340, Underwood QLD 4119 Phone All information contained herein is considered to be true and correct at the date of printing. The information may change and any potential buyer should make their own enquiries. CLYDE Suburb Profile I 28