Humecity
Why Hume City?
Hume City, located 15 km northwest of Melbourne’s CBD, spans about 500 km² and is home to around 244,000 residents, making it one of the largest and fastest-growing municipalities. Its economy thrives on manufacturing, transport, logistics, retail, education, health services, and tourism. Key assets include Tullamarine Airport, major freeways and rail lines, and significant industrial precincts like Broadmeadows, Campbellfield, Somerton, Coolaroo, and Tullamarine.
Investment Highlight:
A$18.3 billion GRP with strong economic activity and nearly 39,000 local businesses
Major industrial growth: The new M80 Connect estate (worth A$116 million) is expected to support 600 construction jobs and 280 ongoing positions, with 50% leased since 2023
Logistics powerhouse: Proximity to Melbourne Airport, freeways, and rail—the transport and warehousing sector accounts for nearly A$17.2 million of output and employs about 19% of the workforce
Tourism and lifestyle: Visitor economy contributes over A$7 billion and supports 12,000 jobs. Attractions include URBNSURF, historic parks, diverse food and cultural events, plus a new A$230 million airport hotel with over 460 rooms and conference facilities
Skilled and diverse workforce: Around 110,000 jobs across 15,000 regional businesses, with half of local jobs in manufacturing, transport, and logistics; multiversity partnerships offer future-ready training and round-the-clock airport operations enable global connectivity.
Approximate Cost:
Median house price: A$657,000 (2023), below the metropolitan average of A$860,000
Median unit price: A$470,000 versus A$615,000 metro average
Median rent: A$470 per week for three-bedroom houses and A$420 for two-bedroom units (March 2024)
Vacancy and affordability: Vacancy rate around 0.8%, with 14.6% of new rentals classified as affordable compared to 6.3% region-wide.
Ideal For: Hume City is ideal for investors seeking growth in a logistics and industrial hotspot, supported by a major airport and expansive road and rail networks. It suits first-home buyers and families seeking affordability with excellent transport, education, and employment access. Developers and businesses benefit from industrial estates, tourism infrastructure, and council-led support services. Professionals and companies in manufacturing, transport, logistics, tourism, education, and healthcare will find Hume an attractive strategic location.
