Woodlea named the fastest selling residential community across Australia
Melbourne's master planned community Woodlea has this week been named the Fastest Selling Community across Australia for the December 2015 quarter, according to the most recent data from the Charter Keck Cramer National Land Survey Program.
Woodlea averaged 81 sales per month in the December quarter.
Robert Papaleo, national executive director of Charter Keck Cramer, said there had been an average of 549 sales per calendar month across Melbourne’s west for the December 2015 quarter.
“Sales activity has consistently increased across the Western Region since 2012, however average lot prices have remained relatively stable at between $180,000 to $190,000," he said.
“Demand has escalated significantly in line with the increase in supply from a number of new estates across the region that have offered a greater mix of lot types and prices."
Woodlea is a joint venture between Mirvac and Victoria Investment and Properties (VIP), launched in March 2015.
On completion, Woodlea will span 711 hectares and will be delivered over the next 12-15 years and will feature a public square, supermarket and retail stores, bus interchange, professional services and office space.
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