Future East Pakenham Emerging as Gateway to Gippsland
Published December 2021
Gippsland is forecast to become one of the fast-growing parts of Victoria, as more people relocate to the region from Melbourne seeking a sea change.
With pristine beaches, farmland, mountains and lakes attracting new residents from across Victoria, Gippsland’s population growth to 2036 is forecast to be above the state average, driven by the western shires’ proximity to Melbourne (Gippsland Regional Plan 2020-2025, 2020).
For those seeking the rural Gippsland lifestyle whilst still maintaining the accessibility of Metropolitan Melbourne, the new suburb of Pakenham East is fast becoming the gateway to Gippsland, with new communities such as Averley meeting strong demand for new homes in the area.
Residing on the edge of the West Gippsland region within the satellite suburb of Pakenham, increased infrastructure investment in Pakenham East means that the suburb can offer the Gippsland lifestyle with city accessibility. The area is set to be serviced by a newly created East Pakenham station, with a two-kilometre extension of the metropolitan rail line.
Commercial and government investment in new community infrastructure has also enhanced the liveability of the suburb and surrounding areas, where there has traditionally been an undersupply of homes. This has been fast-tracked in 2021, with the State Government approving the Pakenham East Precinct Structure Plan (PSP) earlier this year to support rising demand for new urban development.
Demand for homes in Pakenham East has been strong, with our new Averley community recently launching to an eager reception. The first stage was snapped up within an hour of each release, fast-tracking future stage releases.
The demographic of buyers looking to purchase in the gateway to Gippsland is varied, with downsizers and both young and established families looking to make Pakenham East their home