WST Property Group acquires first masterplan site, Mount View Grange in the Hunter Valley
As the market continues to boom in the Hunter Valley, Australian-based property developers, WST Property has announced the acquisition of a 240-hectare residential site at Mount View Grange.
Nestled below the Broken Back Range, Bellbird North in the Hunter Valley, Mount View Grange is a master planned community with land blocks ranging from 450 sqm to 800 sqm.
Across more than 50 stages, the site will deliver in excess of 1,650 detached homes with 1,500 lots over three precincts.
The community will also be home to a 3.11-hectare retail town centre, with anchor tenants and speciality stores, along with a significant amount of green spaces and parks, as well as walking and bike tracks that will link to the retail town centre, surrounding wineries, and Wollombi Road.
WST Property Group’s Managing Director, Krenalin Moodley said the project is expected to attract the family and first home buyer market, with Mount View Grange within a short drive of schools, preschools and day care facilities, as well as parks, restaurants, and leisure activities.
“We are excited to mark our first residential project in the Hunter Valley, a region that we recognise as Australia’s largest regional economy and a region that is forecast to boost incomes and living standards on the East Coast, making it an ideal location for families and first home buyers,” said Moodley.
Located just minutes from Cessnock Town Centre, the Hunter Expressway and the M1, the residential site also provides affordability, amenities and accessibility to Sydney.
The Hunter region has continued to boom and experience strong growth.
The 2021 census revealed the combined population of the region was 682,465, and is expected to reach over 1,000,000 people by 2031.
While the majority of growth was experienced in Greater Newcastle, the City of Cessnock population has almost tripled from 21,725 residents in 2016, to 63,020 residents in 2021.
“Our goal is to deliver our vision of quality master planned communities to our customers, in regions that provide a wonderful opportunity for families and first-time home buyers looking to purchase homes that offer affordability and alluring convenience close to transport, schools, and workplaces,” Moodley added.
The privately owned, broad base company has a current pipeline ranging from light industrial, business parks, retail town centres, and SEPP 5 retirement living, with Mount View Grange the flagship greenfield residential project for WST Property Group.
