Why this Mulgrave’s childcare centre will increase your property price

05/08/2019

It seems Mulgrave is in the middle of a development boom and Monash council is playing a big part.


Approvals galore

On the backs of recently approving two huge residential developments (26 townhouses at 510 Police Road, and a proposed 93 apartments and 30 townhouses at 149 Hansworth Street near Waverley Gardens Shopping Centre), there’s yet another in the works.

This time it’s a 200 place childcare centre at 1 Jacksons Road, Mulgrave. Plans for this were approved a few years ago, but further amendments to the project were endorsed recently by the council (May 2019).

The approval for the $3.9 million dollar development of the double storey childcare centre means surrounding residents, and those further afield, will have a new and impressive option when it comes to care for their children.

 

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What does this mean for Mulgrave residents?

The council’s commitment to approving permits and plans for such Mulgrave developments serves to stimulate further growth of the suburb. It naturally encourages more investors to buy into the area, as well as attracting more people to consider the suburb as their new home.

The childcare centre development, in particular, is huge boon for Mulgrave, especially when you consider 70% of those attending our opens are families looking to upgrade from a smaller unit or apartment.

Given this fact, the childcare centre development will have a positive impact on property prices. As a resident, this is definitely something you want to hear, particularly if you’re thinking about selling.

 

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