Key takeaways
- Land at Parkside Collective, Deanside, started from A$240,000, with fixed-price turnkey house-and-land from A$554,500 — prices as at July 2025.
- Estimated gross yields of 4.0–4.3% on rents around A$470–490 per week, roughly 40 minutes from the Melbourne CBD.
- Foreign buyers can purchase vacant land and build, provided construction is completed within four years of FIRB approval.
- House-and-land does not qualify for Victoria's off-the-plan duty concession, which covers strata apartments and townhouses only — a material difference against an apartment purchase.
- Melbourne's population is closing on Sydney's, at 5,435,600 against 5,638,800 on the ABS Greater Capital City measure for 2024–25.
You’ve Heard of Melbourne’s East. But Have You Seen What’s Quietly Rising in the West?
If you’ve found yourself priced out of Melbourne’s east or frustrated by high competition and low rental returns closer to the CBD, it’s time to pay attention to Deanside.
Parkside Collective by Mundcorp has just released its final land lots and full house & land package.
- Park-facing
- Up to 4.3% rental yield
- Fixed-price turnkey packages
- Only 10 homes available
- Completion by Q1 2026
And here’s what most don’t realise:
This is the final stage. Once it’s gone, it’s truly gone.
Why Deanside? Why Now?
While Singaporeans and overseas buyers continue competing over Melbourne’s inner east and south, Deanside has emerged as one of the last affordable frontiers still within a commutable 40-minute radius of the CBD.
And the numbers don’t lie.
Deanside sits in one of Victoria’s highest-growth corridors, just 10 minutes from Caroline Springs and connected to key arterials like the Western Freeway and the upcoming Melbourne Airport Rail Link.
The surrounding areas are already established with chools, parks, supermarkets but this pocket of Deanside still holds first-mover advantage.
Why Parkside Collective?
Because it’s the final chapter in Mundcorp’s Deanside story. And the most complete one yet.
Located at 1157 Taylors Road, these are turnkey townhomes, meaning you get the land and the home, fully built, with no nasty surprises.
- Fixed-price contracts
- 100% turnkey, no surprises at handover
- Located just beside a future 7-hectare park
- Limited lots with west-facing frontage
But perhaps what’s most exciting is you can still enter from just A$240K for land or A$554,500 for full house & land packages.
Rental Yields That Make Sense
In today’s tight rental market, outer suburbs with strong infrastructure and limited supply are outperforming. Deanside is no exception. Yields at Parkside Collective are currently estimated at 4.0%–4.3%. Melbourne's population is closing on Sydney's — 5,435,600 against 5,638,800 on the ABS Greater Capital City measure for 2024–25 — which keeps steady pressure on rents. One caveat if you're buying from Singapore: house-and-land does not qualify for Victoria's off-the-plan duty concession, which covers strata apartments and townhouses only. Model the duty before comparing this against an apartment.
You’re not just buying a home but also locking in a future-proofed income-generating asset.
Available Stocks:
| Lot Number | Aspect | Price |
|---|---|---|
| 241 | - | A$240,000 |
| 246 & 251 | - | A$255,000 |
| 267 & 268 | - | A$260,000 |
| 262 | - | A$279,900 |
| 264 & 274 | - | A$274,000 |
| 144 | West | A$360,000 |
| 147 | West | A$361,000 |
Note: These are the latest prices as of 22/07/2025. All lots are still available, but demand is rising.
What You Get for A$554,500
| Feature | Details |
|---|---|
| Price | From A$554,500 |
| Product | House and Land Package/ Townhome |
| Land Size (est.) | 170-200sqm |
| Build Type | Turnkey (ready-to-rent) |
| Rental Estimate | A$470- A$490/week |
| Rental Yield (est.) | 4.2%-4.3% |
| Completion Timeline | From late 2025-2026 |
| Nearby Amenities | Schools, parks, shops, transport |
Compared to Other Melbourne West Options
| Suburb | Avg H & L Entry | Yield Est. | Growth Potential | Notes | |
|---|---|---|---|---|---|
| Deanside | A$554K | 4.3% | ⭐⭐⭐⭐⭐ | Final land stage, park facing, rare lots | |
| Rockbank | A$590K | 4.0% | ⭐⭐⭐ | Slightly further from amenities, less walkable, infrastructure delay | |
| Truganina | A$630K | 3.8% | ⭐⭐ | Saturated and pricier | |
| Fraser Rise | A$615K | 4.1% | ⭐⭐⭐⭐ | New estates, but limited stock |
Deanside hits the sweet spot.
Lower entry, higher return, and new infrastructure= future upside.
- Affordable entry vs East Melbourne (A$1.2M+ avg for house)
- Rental-ready stock with minimal overhead
- Great for migration planning — school zones + lifestyle
- Turnkey simplicity = no hassle, easy rental setup from overseas
- Family-focused suburb = higher rental stability and resale appeal
- Brand-new construction = warranties, builder protection
Whether you're buying for investment, a child studying in Australia, or long-term migration, this project offers a safe, strategic first move.
Ready to Explore What’s Left?
If you already missed the east, don’t miss the west, especially Deanside, especially now.
The land is limited.
The numbers make sense.
The timing is perfect.
Contact me now!
Josh Tay