Tarneit’s The Grove is nearing sell-out as buyers move quickly on its final river- and wetland-fronting lots in Melbourne’s west.
The window to buy riverfront land in Melbourne’s west is rapidly closing, with Tarneit’s The Grove entering its final release as prices rise and infrastructure nears completion.
The long-running Frasers Property estate is now more than 80 per cent sold, with demand accelerating in its Riverside precinct following the delivery of new wetlands, parkland and walking trails linking directly to the Werribee River.
Frasers Property Australia Victoria development director, Kranish Reddy said prices in the final Riverside release were moving faster than in earlier stages of the project.
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“Prices in the Riverside precinct are moving very quickly,” Mr Reddy said.
“Land is currently ranging from about $340,000 to $525,000, with house-and-land packages starting from around $631,000.
“To put that into context, prices today are roughly 30 to 35 per cent higher than when sales first launched in 2020, which really speaks to the consistency of demand.”
Unlike many growth areas still reliant on future delivery, The Grove already has much of its key amenity in place, including multiple parks, schools, community facilities and kilometres of shared paths connecting to riverfront open space.
In the Riverside neighbourhood, buyers can already walk through completed wetlands and river trails, a factor Mr Reddy said was helping buyers make decisions more quickly, even amid cost-of-living pressures.
“Traditionally, cost-of-living pressures would have a big impact on buyer confidence,” he said.
Walking trails and wetlands along the Werribee River are now complete at The Grove, with buyers able to see the finished lifestyle before purchasing.
“But once people actually walk through the precinct and see what’s already been delivered, decisions are being made very quickly. That level of certainty really helps.”
A notable trend in the final release has been existing residents upgrading within the estate rather than leaving the area altogether.
“We’re seeing a very strong proportion of upgraders, both from surrounding suburbs and from within The Grove itself,” Mr Reddy said.
“There have been quite a few cases where residents have sold their existing homes and moved into river- or wetland-fronting lots to build what they see as their long-term home.”
The timing of the final release also coincides with two major infrastructure milestones for Tarneit.
Construction is underway on the West Tarneit train station, set to open in 2026, while a new town centre anchored by a full-line Woolworths is scheduled to open in 2027.
Mr Reddy said improved rail connectivity was already shaping buyer interest.
Completed parkland and open space have become a major drawcard for buyers in the final Riverside release at Tarneit’s The Grove.
“Improved connectivity like this almost always increases demand,” he said.
“It delivers faster access to the CBD and employment hubs, and that strengthens the appeal of the area for both owner-occupiers and investors.”
The rarity of river and wetland frontage at this price point across Melbourne is also adding urgency.
“It’s incredibly rare,” Mr Reddy said.
“In Tarneit specifically, there really is nowhere else where you can buy within walking distance of the Werribee River at this price point. Across Melbourne more broadly, opportunities like this are very limited.”
With more than 1900 families already living in The Grove and only a limited number of Riverside lots remaining, Mr Reddy said the final stage represented the last opportunity to buy into the community at its river’s edge.
“Once these lots are sold, that’s it for The Grove,” he said.
“For buyers who want river or wetland frontage in Melbourne’s west, there won’t be another comparable release waiting nearby.”
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