Oakbank is a once in a lifetime opportunity to invest in the future of Melbourne s West and the chance to put your stamp on Australia s fastest growing corridor. The site presents the opportunity to deliver in excess of 2,600 homes and create one of Victoria s future landmark residential transport orientated communities.
- 206 hectares of prime development land in the Oakbank PSP
- Located 29kms from the Melbourne Central Business District
The size of Tarneit is approximately 38.2 square kilometres. It has 50 parks covering nearly 3.6% of total area. The population of Tarneit in 2016 was 34562 people. By 2021 the population was 56370 showing a population growth of 63.1% in the area during that time. The predominant age group in Tarneit is 30-39 years. Households in Tarneit are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tarneit work in a professional occupation.In 2021, 66.60% of the homes in Tarneit were owner-occupied compared with 67.70% in 2016.
Tarneit has 37,376 properties. Over the last 5 years, Houses in Tarneit have seen a 18.55% increase in median value, while Units have seen a 22.33% increase. As at 31 March 2026:
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