Meeting demand in a rapidly growing corridor
Wollert is undergoing a significant transformation as one of Melbourne’s fastest growing urban corridors.
Located approximately 24 kilometres from the CBD, the local population has more than doubled since 2019, rising from around 17,000 to over 33,000 residents in 2024. Population size is expected to surpass 61,000 by 2036, driven by ongoing greenfield development and sustained housing demand. The area is characterised by young families, larger household sizes, and a high rate of home ownership. These are strong factors that contribute to long-term stability and local retail spending. As the Wollert Precinct Structure Plan continues to roll out, the region is forecast to support more than 8,000 new jobs, reinforcing demand for industrial, retail, and essential services.
Despite this growth, Wollert remains undersupplied in key property types that support local amenity and employment. Independent research by Urbis has identified clear gaps in supermarket, quick service restaurant and large format retail offerings with existing infrastructure falling short of current and future demands. The precinct also faces a shortage of developable industrial land, limiting opportunities for local businesses to establish or expand. The Fund is strategically positioned to respond to these unmet needs through the development of 91 warehouse units, 15 restricted retail tenancies, and three superlots suited to supermarket and food operators. With high visibility, excellent arterial access, and close proximity to a rapidly growing residential base, the Fund offers a compelling opportunity underpinned by real demand and a delivery model focused on strong investor outcomes.
