Satterley buys permit-ready Tarneit house and land estate site
Satterley has added to its Melbourne house and land development pipeline with a permit-ready Tarneit site with sales underway.
The 45.9 hectare new masterplanned community was bought from New Sky Group in March.
Stage one has already been sold when marketed as Bluestone with stage two lots currently being offered ranging from 212sqm to 512sqm.
Stage four pricing has been advised such as lot 418 Equestrian Street, a 448sqm holding with 14m frontage and 32m depth price at $407,000.
The 800 Derrimut Road holding cost $54,688,888.
With more than 40 years of experience, Satterley is Australia’s largest private residential developer.
New Sky had paid $33m in 2016 before obtaining a permit for a 417-lot subdivision.
New Sky sold another 38 hectare Tarneit holding for $50 million to Stockland.
