Top 5 Melbourne Suburbs with High Potential for New Childcare Centres
Identifying suburbs in Melbourne with high demand for childcare services is crucial for investors and operators aiming to establish successful early learning centres. Based on recent data and trends, here are five Melbourne suburbs that Mollard Property Group is evaluating for prime potential for new childcare centres:
- Tarneit
Located in Melbourne’s rapidly developing west, Tarneit is experiencing significant growth, with large developments like the upcoming $70 million Grove Shopping Centre which is set to serve over 2,600 families. The burgeoning population and infrastructure indicate a rising demand for local services – including childcare facilities.
- Aspendale
Aspendale has been identified as having a significant shortage of childcare services. It has a child-to-place ratio of 10.3 zero-to five-year-olds per licensed daily place – one of the highest in Melbourne. This substantial gap between demand and supply presents a promising opportunity for investors, developers, and operators of new childcare centres.
- South Yarra
South Yarra has experienced a notable increase in childcare costs, with prices rising to an average of $177 per day. This surge suggests a high demand for early learning services, indicating potential for new entrants to offer competitive childcare options to meet the needs of local families.
- Dallas
Dallas has been recognised as one of the top-performing suburbs for childcare in Victoria. The high demand in this area reflects the need for quality early learning services, making it a viable location for new childcare centres.
https://kindicare.com/parenting-tips/best-suburbs-in-vic-revealed
- Glen Huntly
Glen Huntly, situated in Melbourne’s middle-ring suburbs, has shown strong sales results for childcare centres. The area has maintained good occupancy levels, attributed to households relying on dual incomes to support the suburb’s high median house prices. This indicates a stable demand for childcare services.
While the data can pain a promising picture, investing in these suburbs requires thorough market analysis and strategic planning to ensure the successful establishment and operation of new childcare centres. Speak with the childcare industry experts at Mollard Property Group to identify and seize lucrative opportunities for your childcare venture.
