Marshal Place: Cedar Woods launch Williams Landing’s final residential collection
Cedar Woods have just released their final residential precinct in Williams Landing, Marshal Place. The new collection of homes are likely to be popular among first home buyers and investors due to the development’s existing high demand and affordable pricing.
Situated in Melbourne’s west, this $1.5 billion development has seen consistent financial growth throughout its 12-year history, with median suburban pricing rising by 42% since 2015 compared to metropolitan areas, which only rose by 23%.
Deemed one of Wyndham’s renowned locations, 45% of the available lots have already been sold due to high demand. Housing prices begin from $567,500, and homes will be available in configurations of 3 or 4 bedrooms with areas ranging between 182sqm to 294sqm.
Marshal Place offers residents many of the benefits that are already available to those living in Williams Landing, this includes: flexible housing configurations, convenient access to the train station, a thriving retail hub, local dining, parklands and an office precinct. Residential areas will also have access to the nearest freeway, the Boulevard nature reserve, and an adjacent 24km bike trail for those seeking an active lifestyle. Conveniently located just 20km from Melbourne CBD, this development is fast becoming the commercial and social hub of Melbourne’s western suburbs.
Lloyd Collins, Cedar Woods State Manager, explains that the residential development caters to the demand for more affordable housing.
“The new precinct we have released is in response to this ongoing demand for a mix of land, lifestyle and convenience. Marshal Place offers what many young buyers would expect from inner city living but with the added benefit of a backyard, as well as offering more space and more affordable price point,”
According to a recent IGN report, due to the impact of COVID-19 in recent months, millennial home buyers have found it easier to achieve ownership, with half of younger individuals scouting city fringes and outer suburbs. Government grants have also eased the pressure for many first time buyers, and are consistent with Cedar Wood’s goal to provide affordable options on the market.
“The increase in government incentives has meant that first home buyers are proving to be a strong buying force in the current market. In recent years, the median price of homes in the western middle ring has become out of reach for many, and we’re pleased to be able to bring something more affordable in this final release.
Many first home buyers with job security are able and looking to take advantage of low interest rates and government assistance such as the First Home Loan Deposit Scheme. They’re motivated by the affordability and the flexibility a house can bring.”
Lloyd Collins, State Manager at Cedar Woods
Marshal Place will feature a total of 80 lots including townhouses and land lots, construction is estimated for late 2020.
Projects within the Williams Landing precinct:
