Werribee

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Property prices around Melbourne's western suburb of Werribee is expected to be driven high with the proposed $20 billion China-backed Australian Education City should the State Government agree to the development.
The project, over 400 acres of greenfield land at East Werribee, is forecast to bring 80,000 new residents and 50,000 student, according to Savills' Julian Heatherich.
 He said there is no project that really compares with the scale of this proposal save for South Australia's ill-fated Multi Function Polis of the 1980s.
"Perhaps the difference is that the AEC would be located 20 minutes from Melbourne’s well-established and highly successful education sector, now the world’s fourth most popular student destination,’’ he said.
"Part of the success of Melbourne as a student destination was the cultural affinity that it had with China. 
"Chinese property investors and developers have strong links with Melbourne in business and education, many having themselves having attended school here and or have relatives that live here.
``You only have to look at the massive recent apartment investment in the CBD and suburbs like Box Hill and Glen Waverly to see that Chinese investors are very happy to do business in Melbourne,’’ Mr Heatherich said.   
He said the Australian Education City would become the largest research and development park in the southern hemisphere.
"Dairy Innovation Australia Ltd, which has announced it will soon cease technical consulting operations at its 180 Princes Highway, Werribee office and laboratory facility, would be one of the first vendors to test the market with the new project in the wind.
"It will be interesting to see just how the sale of this property is affected by the discussion around this project’s likely impact on the city of Werribee, especially given its highway exposure, 6000 square metre site and adaptability to a range of uses in accord with residential and educational growth.
"Should Education City get the tick of approval from the Victorian Government this sort of facility and others like it are going to attract a premium the likes of which has hitherto not been seen in Melbourne’s west."
 
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Melbourne's $20 billion Education City to drive property values

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Two land holdings with a total of 7,614m2 have been sold in Werribee, Victoria, by Werribee Council for the redevelopment of Werribee’s Activity Centre.
The properties were recently rezoned to Activity Centre Zone.
One site, The Bridge Hotel, is located at 197-199 Watton Street, Werribee which was built circa 1926. The two-storey brick building includes an alfresco area, two dining rooms, private function room, full commercial kitchen, large freezer and cool rooms. The first floor provides accommodation and a private residence.
The land area is 4046m2 and equates to $1334.65 per square metre. Sale price was $5,400,000.
The second property, 201 Watton Street, Werribee, a Toyota car dealership, has a land area is 3568m2 which equates to $1,443.39 per square metre. Sale price was $5,150,000.
Both sold through Robert Cubelic and Charles Cini of CVA Property Consultants.
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Victoria's Werribee Council buys two local land holdings

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Sixty cow carcasses with radioactive material are buried underneath a piece of land in Werribee in Melbourne's west which the Victorian state government plans to sell to a Chinese consortium with plans for a $20 billion education precinct.
The cost of cleaning up the radioactive waste could reach $300 million, with another $770 million needed to remove thousands more cow carcasses considered a biological hazard, Fairfax Media reported citing documents it obtained about the site.  
The discovery has the potential to jeopardise the deal between the state government and Investors Direct, the exclusive bidder on the 775-hectare site. 
The site was part of the old State Research Farm where scientific testing on animals was conducted for decades.
Consulting company Coffey Environment, which assessed the site in 2009, noted in its report that "animals that have been subjected to testing with radioactive tracer dyes" were buried at the site. The report lists the cow carcasses as a "possible biological and radiological hazard" and says the contamination could impact both soil and groundwater.
Fairfax Media quoted the report as saying that "the tracer dye used was predominantly tritium" which "has a half-life of approximately 12 years". The report adds that "these practices were understood to have ceased at the site in the mid 1990s".
As it decays, tritium releases radioactive isotopes that, according to overseas reports, can be dangerous to human health for about 120 years.
Radioactive isotopes can enter the human body via food that has been grown in contaminated soil. Just to the south of the contaminated site are many of Werribee's market gardens.
The news article said the state government has said a recent study has indicated no radioactive material has polluted soil or groundwater on the property, but that report is yet to be made public.
The investor consortium has former Victorian premier John Brumby as an adviser. It  plans to build an  Australian Education City  which will be home to 80,000 residents and 50,000 students.
The Victorian state government and VicUrban were told that radioactive cow carcasses were buried on four hectares of land in Werribee in early 2009, when Brumby was premier. 
The burial of radioactive cows was confirmed by the Department of Primary Industries (DPI), which has not revealed why the cows were treated with radioactive tritium dyes. The DPI has, however, "indicated historic burial of potentially radioactive carcasses" over a number of zones within the greenfield site.
The article cited a government spokesman as saying that the Victorian government was in contact with the Environmental Protection Agency.
"Ongoing discussions continue with EPA and the environmental consultants about how best to deal with the material, potentially onsite containment or offsite treatment and disposal," the spokesman said. "Recent and extensive testing of the site has been conducted as part of phase 2 due diligence confirmed that there is no risk to residents or groundwater.":
Negotiations between the state government and the Australian Education City bid are said to be "advanced", with a decision on the site originally scheduled for February 15.
The Investors Direct consortium is led by former Price Waterhouse Cooper executive Bill Zheng, and has the backing of Chinese institutional and corporate investors.
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Radioactive cow carcasses found at Werribee site with plans for a $20 billion education precinct 

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A former Ray White franchisee is alleged to have breached the Estate Agents Act 1980 while operating as Ray White Werribee.
The Sarain Pty Ltd is the 10th agency alleged to have been underquoting since the Taskforce Vesta crackdown by Consumer Affairs Victoria (CAV).
The CAV has applied to the Victorian Civil and Administrative Tribunal to hold an inquiry in relation to The Sarain Pty Ltd (ACN: 143 731 006) and its director, Surinder Sarain, 42, of Ormond.
It alleges that the company and Sarain contravened the Estate Agents Act 1980 when the company was trading as Ray White Werribee.
Ray White advised Sarain had operated at the brand’s Werribee office for about two-and-a-half years from July 2013 to March 2016.
The grounds of inquiry include that the company and Sarain:
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<li>advertised 14 properties for sale in the western suburbs at a price that was less than the:
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<li>vendor's reserve price as stated on the sale authority, or</li>
<li>estimated selling price, or</li>
<li>lower limit of the estimated selling range as stated on the sale authority.</li>
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</li>
<li>failed to notify the Business Licensing Authority within seven days of employing agents' representatives, and</li>
<li>failed to meet certain trust account record requirements.</li>
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Former Ray White Werribee agent alleged to have been underquoting

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Werribee in Victoria will be the busiest suburb for auctions across the nation this weekend, with 18 properties scheduled to go to auction, followed closely by Reservoir (14), Frankston (13) and Elwood (12), all of the busiest suburbs this week are in Victoria.
Auction volumes are set to remain steady for another week, with 1,787 properties scheduled to go to auction this week across the combined capital cities, according to CoreLogic.
Over the last three weeks, auction activity has remained relatively sedate, with this week expected to increase by only two per cent when compared to last week’s final results (1,748).
Looking at the two major auction markets of Melbourne and Sydney, volumes are set to increase over the week, with 862 homes scheduled to go under the hammer in Melbourne, and 647 auctions scheduled across Sydney, increasing on last week’s 833 and 625 auctions held respectively.
Across the smaller auction markets, Adelaide and Brisbane will see an increase in auction activity over the week, while Canberra, Perth and Tasmania will see a lower volume of auctions scheduled this week compared to last week.
The total number of homes scheduled to go to auction this week is higher than what was seen over the same week last year (1,610).
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-werribee-125783266" target="_blank">28 Purchas Street</a>, Werribee (above) will go under the hammer this weekend with price guidance between $395,000 to $430,000.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-werribee-125893210" target="_blank">2 Eldan Drive</a>, Werribee (below) will go under the hammer with $440,000 hopes.
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Werribee ranks as weekend's busiest auction locality

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A long-term lease has become available for the heritage Bridge Hotel building in Werribee.
Rick Berry and Stuart Kennett of Fitzroys are handling the campaign, closing March 21, on behalf of Wyndham City Council.
The two-storey Art Deco heritage building was built in 1926.
It comprises five main ground-floor bar and function areas across 602 square metres and 10 first-floor rooms over 186 square metres.
A 40 year-lease of two 20-year terms is available.
It is next to the newly constructed West End Car Park that provides 200 free public parking spaces.
Werribee has been further enhanced by the $275 million Wyndham Harbour marina and ecologically sustainable residential community project.
The development of four Catalyst Sites at Riverbend, Gateway and Cherry Street will bring to the Werribee City Centre $250 million of private investment, 600 new jobs, 700 new apartment residents, 100 serviced apartments to accommodate visitors, 1,400 new public and private parking spaces, 150 room Holiday Inn hotel, and a new Werribee Library and Integrated Community Learning Hub of more than 8,000 square metres. 
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Bridge Hotel, Werribee available for long-term lease

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Located along the walking and bike tracks of Werribee River, the two bedroom unit has been sold by mortgagees for $335,000.
It was sold by Adrian McEvoy and Tony Cannatelli from LJ Hooker.
It had last sold $140,000 in 2013.
Built in 2014 and set on 272m2 block (approx), the<a href="https://www.realestate.com.au/sold/property-unit-vic-werribee-127000682" target="_blank"> 1/22 Golden Avenue</a> unit comes with two bedrooms, a spacious living area and a study nook.
The suburb's median unit price sits on<a href="https://www.urban.com.au/expert-insights/investing/10584-werribee-vic" target="_blank"> $317,500</a>, according to CoreLogic.
 
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Werribee two bedroom unit sold by mortgagee

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A Werribee two bedroom unit overlooking the Werribee River has been recently sold at $332,000 by mortgagees.
It was sold by Mitchell Bourchier and Wesley Norris from Barry Plant Werribee. 
It sold at $140,000 in 2014. The subsequent development approval was priced at $284,000.
<a href="https://www.realestate.com.au/sold/property-unit-vic-werribee-128239602" target="_blank">The 2/22 Golden Avenue </a>unit comes with two large bedrooms, good sized formal living zone, open plan living and dining room, as well as single lock up garage.
Situated on a central allotment, it is 1.5 kilometres to Werribee Train Station, city centre and shops, local schools as well as being only minutes away from Pacific Werribee shopping centre.
The suburb's median unit price sits on <a href="https://www.urban.com.au/news/10584-werribee-vic" target="_blank">$345,000</a>, according to CoreLogic. 
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Set on the banks of the Werribee River, the RiverEdge mixed use project will comprise 100 one, two and three bedroom apartments across nine levels, two ground floor retail tenancies and a 119 square metre residents-only rooftop area, as well as three levels of residential car parks totalling 79 spaces.
The 1,664 square metre site overlooks Wyndham Park and Werribee River with apartments priced from $330,000 to $707,500 and ranging in size from 51 to 104 square meters internally.
Designed by Rothelowman, the Edge One marketing suggests it will introduce design-focused living to Werribee’s city centre by fusing metropolitan design with the timeless appeal of nature.
Each residence features up to 10-metre wide frontages with generous inset terraces ranging from eight to 22 square metres to maximise the breathtaking views of Werribee River, Wyndham Park and the You Yangs Regional Park to the north, and Melbourne’s CBD and Port Phillip Bay to the south.
It is located at 59 Comben Drive, Werribee.
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“Werribee is a rapidly growing and evolving city and the introduction of premium residential precincts like RiverEdge support the urban regeneration of the region and will help transform the Werribee City Centre into the capital of Melbourne’s west,” says Neil Anderson, General Manager Developments of the Burbank Group.
A central green glass spine visually connects the main entry with the residents’ rooftop garden overlooking Werribee’s natural surrounds, says Stuart Marsland, Principal at Rothelowman.
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It is expected life at Edge One will be walkable with shops, parks and Werribee Primary and Secondary schools within close proximity.
The Werribee train station is 550 metres away, providing access to the CBD in 30 minutes.
Located between Melbourne and Geelong with the Westgate Freeway at its doorstep, Edge One is a 30-minute drive to Melbourne’s CBD, a 20-minute drive to Melbourne Airport and a 40-minute drive from Geelong.
Residents will be able to explore the extensive network of cycling tracks in the west, including The Federation Trail and the Werribee River Bike Trail, as well as other outdoor pursuits, with secure bike and private apartment storage available.
Construction of Edge One is expected to commence in mid 2019 and is due for completion late 2020.
The second stage of the RiverEdge precinct is currently in development. The proposed project will incorporate a new 8,300 square metre Wyndham City Community Learning Hub over five levels, along with additional residences.
will introduce a new level of design sophistication to Melbourne’s burgeoning West with premium riverfront living and improved connectivity to Werribee City Centre and the area’s natural surrounds.
The $47 million Edge One project is the first stage of the landmark RiverEdge precinct and will be delivered via a development agreement between the Burbank Group and Wyndham City Council as part of the Werribee City Centre Structure Plan.
 
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Burbank Group launch Edge One, Werribee project

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A poultry farm in the Werribee area has hit the market, with industry interests and land bankers tipped to be interested. 
Colliers International’s Jesse Manuel and Jock Grimshaw have been appointed to sell Parkhurst Farm at 925 Bulban Road, Little River, on the outskirts of Werribee, Victoria. 
The appointment has been made by Richard Hughes of Deloitte in his capacity as Deed Administrator of Parkhurst Farm Pty Ltd (Subject to Deed of Company Arrangement). 
Manuel said with its proximity to the amenity of Melbourne’s west and its expanding urban boundary, the Little River property will be sought-after by a diverse range of buyers. 
“It represents an excellent opportunity for existing poultry industry participants to expand their holdings and geographically diversify, as well as opportunists looking to acquire land in close proximity to major development activity,” Manuel said. 
“Historically we’ve seen chicken meat processors look at these types of farms to convert to breeder farms, the egg industry to rear pullets or install laying infrastructure, as well as the broad acre sector looking to store grain and fertiliser.” 
The property is located about 11 kilometres south-west of Werribee, 38 kilometres north-east of Geelong and 47 kilometres south-west of the Melbourne CBD via the West Gate and Princes Freeways. 
The area of Little River was famously the inspiration for the name of the classic Australian rock band Little River Band. 
Parkhurst Farm is a well developed poultry farm that has a history of both poultry meat and egg production and comprises a total shed production area of over 20,000 square metres. 
The property contains a total land area of 115 hectares (approx.) and has been developed to eight tunnel ventilated grower sheds complete with automated climate-control, feeding, drinking and lighting systems. The sheds were developed from 2003 to 2006, with a key feature being their concrete wall construction. 
Associated improvements include manager’s residence, various farm shedding, grain silos, extensive water storage tanks, office/control rooms, backup diesel generators and a desalination plant to treat groundwater from the onsite bore. Three phase electricity and reticulated town water are connected to the property. 
Grimshaw said the region was characterised by cropping and grazing enterprises and is also a nationally recognised region for commercial chicken meat production with a significant number of broiler farms located in the region. 
Offers are due March 27.
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