Masterplanned

Buyers at Coronation Property's Merrylands project, Mason &amp; Main, are set to benefit from a huge pipeline of infrastructure due to the project's location in the heart of the 6000-hectare Greater Parramatta to Olympic Peninsula (GPOP) corridor.

Mason &amp; Main, designed by Woods Bagot, will be its own mini-community with apartments set above vibrant market-style laneways with retail and dining, is set just south of Parramatta in Merrylands, which has transformed into a gentrified hotspot that is appealing both investors and owner-occupiers due to a mix of strong population growth an extensive infrastructure upgrades around Sydney’s west.

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Mason &amp; Main offers one, two and three-bedroom apartment configurations across five buildings, as well as resort-style amenities including a pool, private gym and rooftop gardens and a vibrant ‘Eat Street’, creating a new destination for the suburb.

There’s some $20 billion of investment and infrastructure planned over the next five years in the GPOP, fast emerging as the heart of Greater Sydney’s Central City. Merrylands has seen significant investment, with the Cumberland City Council announcing in 2021 the creation of a new civic square in the heart of the suburb.

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The $11 million project currently under construction will provide an integrated residential, retail, commercial and commuter hub to Merrylands and will be conveniently located within 50 metres of Mason &amp; Main.

Already Sydney’s western hub has seen a dramatic change with the redevelopment of Parramatta Square which saw the heart of Parramatta revitalised as part of one of the largest urban renewal projects in the country.

The $2.7 billion redevelopment included six new buildings, premium office space, a refurbished town hall, multi-level retail, with the site linked by 6000 sqm of public space.

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Bringing Parramatta Quay to life is Charles Street Square

The ferry terminal at Charles Street is the gateway to the Parramatta CBD for those who travel by boat, by foot or by bike along the river, in what will be known in the near future as, Parramatta Quay.

The area is also a place of cultural and geographical significance, as the fresh water of the upper Parramatta meets the saltwater of the lower reaches, connecting Sydney to Parramatta River.

The completed escarpment boardwalk provides connection from one side of the river to the other, with the pedestrian and cycle friendly thoroughfare extending under the MacArthur Street Bridge, joining to Parramatta River Cycle way, providing more than 100 kilometres of walking and cycling paths, extending all the way to Sydney Olympic Park.

The Parramatta Ferry terminal upgrade is complete and once the Charles Street Square upgrade is finished the area will become a confluence of leisure activity, cafe culture and transportation hub celebrating one of the City's special waterway experiences welcoming tens of thousands of visitors and commuters each year.

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Construction of the Charles Street Square upgrade is slated to be complete by the end of 2022 or early 2023.

The Sydney Metro West project is also underway, with the new underground metro railway set to connect the Parramatta and Sydney CBDs. The NSW Government committed $6.4 billion over four years to the project, which will achieve a travel time of 20 minutes, as well as unlocking housing supply and employment growth between the two CBDs.

With trains, buses and ferries connecting the Parramatta CBD with Sydney and the wider metropolitan area, the council also runs a free shuttle bus around the Parramatta CBD for those wanting to stay close by.

Further connection will be provided through the development of the Parramatta Light Rail. Stage One of the project will run 12 kilometres, connecting Parramatta CBD to Westmead and Carlingford. Stage One will be operational in 2023.&nbsp;

The Parramatta CBD is also well-connected to major arterials, including the M4 Motorway, Great Western Highway, Windsor Road, Pennant Hills Road and James Ruse Drive.&nbsp;

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A new Museum of Arts and Applied Sciences will open on the river foreshore in Parramatta in 2025 as the new centre of arts, culture and innovation. It will include the newly relocated Powerhouse Museum and a revamped Riverside Theatres.

Further boosting the areas growth is the soon to be developed Western Sydney Aerotropolis, which is set to give Western Sydney residents a more convenient option for travel and boost overall population growth.

Sydney’s new airport is set to open to international, domestic and freight flights in 2026, providing much-needed aviation capacity for the entire Sydney region.

Designed to grow in stages and over decades, the Airport will eventually become one of the biggest gateways to Australia and the primary airport for the entire Sydney region. Qantas Group and Virgin Australia Group have signed MOUs with the Airport and have already commenced discussions about the design of the Airport and potential routes and services.&nbsp;

With the Westmead precinct Australia’s largest health and biomedical research precinct, the site is also undergoing revision with four hospitals, two universities, two large research institutes, NSW’s largest pathology service, and many allied health centres currently occupying the space.

With NSW Health, the City of Parramatta Council jointly commissioned the Westmead Innovation District Master Plan project.&nbsp; The project includes aspirational targets for jobs and tertiary students, driven by the significant government investment planned for the area.&nbsp;

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Already the area has seen a dramatic change with the redevelopment of Parramatta Square which saw the heart of Parramatta revitalised as part of one of the largest urban renewal projects in the country

alisonwarters@gmail.com

The Merrylands lifestyle precinct in Parramatta's growing Olympic Peninsula corridor

After keen interest leading up to the official launch of The Gladstone Village in Merrylands, 32 units at ALAND&rsquo;s new $800 million development were sold.

Over 150 units have now been snapped up after the Stage One sales event for the 2.5- hectare master-planned precinct, including 116 which had sold prior to the three-day event.

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As one of the last remaining pockets along Sydney&rsquo;s rail network to be developed, The Gladstone Village will include 365-apartments across three buildings - up to 20 storeys in height - with construction already underway.

ALAND CEO George Tadrosse said the success of the launch weekend is evidence that demand is still outstripping supply for quality apartments given the unprecedented pandemic-related roadblocks currently plaguing the construction industry.

&ldquo;There is a tremendous amount of pent-up pressure in the Sydney apartment market and due to planning delays, as well as material and labour shortages, there are not enough new apartments coming onto the market to meet demand,&rdquo; he said.

&ldquo;Fortunately, ALAND is well-placed to deliver the much-needed stock for Western Sydney in the timeframe buyers are wanting it. Construction has begun on The Gladstone Village with delivery expected in the second half of 2023.&rdquo;

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Tadrosse added that the timely release of The Gladstone Village is good news for house hunters whether they&rsquo;re seeking to buy their first home, upgrade, or invest.

&ldquo;ALAND&rsquo;s units have a solid track-record for success with a 0.5 per cent vacancy rate. There is a 4.9 per cent average yield for our apartments compared with Sydney&rsquo;s average yield of 4.1 per cent. These impressive yields, combined with data showing Sydney apartment rents are rising, means it&rsquo;s the ideal time to secure new property.&rdquo;

By March 2022, ALAND estimated the expected rental return for a two-bedroom apartment at The Gladstone Village would be $520 a week, versus the Merrylands average of $460 a week and greater Sydney&rsquo;s $495 a week.

The Gladstone Village is appealing to a large cross section of purchasers due to its diverse stock offering and range of price points. Of the 365 apartments available in Stage One, there are studios starting at $466,500, one-bedrooms priced from $544,000, two-bedrooms beginning at $599,000, and three-bedrooms from $819,000.

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Unparalleled in Merrylands, The Gladstone Village has been designed featuring state-of-the-art finishes, spacious layouts, floor-to-ceiling windows, bespoke porcelain floors, stone bench-tops, Fisher &amp; Paykel appliances, Grohe metal tap-ware and elegant fittings.

The resort-style amenities include a rooftop pool, communal barbecue facilities and vast landscaped open areas for residents, while the site will also contain approximately 2400 sqm of retail and commercial space as well as four-levels of basement parking.

The remaining stages of The Gladstone Village are yet to undergo planning with current controls allowing for a mix of retail, residential and commercial surrounding 5000 sqm of internal parkland and another 6000 sqm of open space.

Positioned within footsteps of Merrylands train station and Stockland Merrylands, The Gladstone Village is also just a short distance to the Parramatta CBD and within a short distance of Sydney&rsquo;s city centre.

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ALAND's, The Gladstone Village in Merrylands entices buyers with unparalleled offerings.


High demand for ALAND’s new vertical village in Western Sydney, The Gladstone Village

The first resort and marina precinct in almost 20 years is set to be launched in the Whitsundays.

The approved $350 million Shute Harbour Marina Resort&nbsp;aims to transform Shute Harbour into an extensive foreshore with a&nbsp;resort hotel and a&nbsp;residential precinct featuring restaurants, retail outlets and marine services.

A new near 400-berth marina will also be part of the development.<img alt="" height="3095" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/211208_v1_final.jpg" width="5000" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Shute Harbour Marina Resort will be the first major marina and residential development in the Whitsundays since 2006 and will create the ultimate waterfront lifestyle for residents and tourists in one of the world&rsquo;s most sought-after sailing locations.

The multi-use marina, located on a prime 28-hectare waterfront site, will tap into a critical shortage of secure cyclone protected boat moorings in the state&rsquo;s north.

The marina resort will provide a much-needed boost for post-Covid tourism in the Whitsundays region and create 700 jobs during and post-construction.

Shute Harbour Marina Resort will also include a new commercial hub known as Pier 61, as part of a master-planned marina plaza that will create a range of new retail and commercial outlets for the waterfront development.

<img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/final_waterfront_house_courtyard_renderv2.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

&ldquo;This is a development of regional and state significance that will deliver enormous benefit to the local economy,&rdquo; said Project Director Mark Daniels, who heads the&nbsp;consortium developing the project.

&ldquo;Shute Harbour is the gateway to the Whitsundays, with an outstanding marina location, and our plans will bring much needed tourism infrastructure to the region and complement the township&rsquo;s existing tourism and marine facilities.&rdquo;

&ldquo;In particular, we&rsquo;ve seen growing demand for marina berths in recent years and this is an exceptional offering that delivers a highly accessible mainland residential marina resort with a superb range of amenities and supporting services,&rdquo; he added.

The Shute Harbour Marina Resort master plan comprises 58 managed resort dwellings, each with their own private marina berths of 25 to 35-metres at their doorstep, along with managed apartments with resort club facilities, and a 100-plus room resort hotel, including function and meeting rooms, bars, restaurants, swimming pool and undercover parking.

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The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

The entire precinct will be linked by public boardwalks, lookout spaces and seating throughout, with plans to also establish new public parks and a community cyclone shelter on site.

Shute Harbour Marina Resort is poised to become a popular destination for residents, locals and tourists who will be drawn to the village-style precinct that will host a marina cafe and bar, marina club, supermarket, bottle shop, marina office, chandlery, marine electronics and charter operators.

The project is being undertaken by an Australian consortium headed by Mark Daniels, Mark McLachlan, Greg Phillips and Sam Wade.

The consortium members have a combined 70 years&rsquo; experience in the development industry with a collective delivery of projects to the tune of $1.25 billion, including Encounter Lakes, Encounter Bay SA &ndash; an award winning regional residential development set around a man-made environmentally sustainable saltwater self- flushing lake, Holdfast Shores, Glenelg SA &ndash; an integrated residential, tourism, retail and commercial development involving co-operative action between Commonwealth, State and Local Government, and Seaford, Noarlunga SA &ndash; a major urban &ldquo;Greenfield&rdquo; development comprising the transformation of 730 hectares into an integrated community development with a projected population over 15,000. 
<img alt="" height="674" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/final_waterfront_house_internal_render_v1.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Daniels, who has extensive experience in project delivery in the Whitsundays region over the past decade, said the development is a game-changer for Shute Harbour which is set to benefit from the recent reopening of international borders.

Marina berths will range from 10 to 35 metres for mono and multi-hull craft, while the proposed land and berth packages will include marina facilities to accommodate boats up to 35-metres.

Berths are priced between $175,000 and $1 million, with each berth sold on a 99- year lease. Stage one will offer free-hold residential waterfront sites of 440 sqm which are earmarked for two and three-storey design concepts, with the land-and-berth prices starting from $1.75 million.

Expressions of interest are also being taken on future stages which will include marina loft apartments and plaza terrace homes. Development of the first stage of Shute Harbour Marina Resort, which will include the marina and the stage-one release of land and marina berths, is expected to take two years to complete.

Construction is targeted to commence in 12 months.

<img alt="" height="706" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v1-4.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Shute Harbour Marina Resort has taken 20 years to gain all necessary approvals to proceed and was identified as a project of significance by the Queensland Government in 2006. The project benefits from its accessibility by air with three regional airports located within 30-minutes to 90-minutes drive.

The Whitsundays has a population of more than 35,500 people with tourism among the major contributors to the region&rsquo;s $5.9 billion economy.

The master planned foreshore development will feature a resort hotel alongside an extensive residential precinct featuring restaurants, retail outlets and marine services.



$350 million Shute Harbour Marina Resort set to boost property and tourism market in the Whitsundays

Located in the heart of Keilor Downs is Soho Living&rsquo;s master planned community, Aspect, offering a limited release of premium two, three and four-bedroom townhomes.

Stage Three is now selling in the development, with two and three-bedroom configurations available.

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The Aspect residences rises above with master planning and architectural concept by renowned architects, Rothelowman.

&ldquo;Aspect has been designed to deliver a new and unique precinct that encourages a true sense of community amongst its future residents. The masterplan marries elegant, restrained architecture with a network of high-quality streets and public spaces,&rdquo; said Chris Hayton, Principal, Rothelowman.

Set amongst private landscaped gardens, interiors have been designed by Melbourne-based, Gallerie Studio, featuring stone benchtops, timber floorboards, floor-to-ceiling bathroom tiling, split-system heating and cooling, and Smeg appliances.

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&ldquo;Melbourne has a strong appreciation for bespoke design and quality craftsmanship. Each finish and tone at Aspect has been handpicked to create an environment that is truly special in every home,&rdquo; said Liana Corbino, Interior Designer at Gallerie Studio.

Aspect offers a superb example of Soho Living&#39;s commitment to creating sleek spaces that unify residents and bring them closer to their surroundings.

With shops, restaurants, transport and all that the established Keilor location has to offer, residents are just a minutes-walk from Keilor Central Shopping Centre and under 10-minutes by car to Watergardens Town Centre. Aspect is conveniently only 16-kilometres from Tullamarine Airport, while the Melbourne CBD is 25 kilometres from the development.

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Soho Living has a number of developments currently selling across Melbourne, including Botanic Southbank, which offers a collection of one, two, three and four-bedroom apartments and Brickworks Burwood, a master planned community with final apartments selling in the Terrace collection.

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The Aspect residences rises above with master planning and architectural concept by renowned architects, Rothelowman.



Stage Three now selling in Soho Living’s Aspect masterplan in Keilor Downs

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Jinding Developments have commenced construction on a new master-planned community in Armstrong Creek, in partnership with Yolk Property Group and landowners, the Harkness family.
Its pricing starts from just $180,000 and maxes out at $314,000, with sizing between 221sqm to over 550sqm.  
According to Jinding’s Liz Ronson, Harriott’s urban design, fantastic amenities and natural environment have been proven by the community’s strong sales.
The announcement follows the start of the City of Greater Geelong’s $4 million upgrade works on the wetlands.
The project, <a href="https://www.urban.com.au/new-townhouses/harriott-armstrong-creek-2-harriott-rd-armstrong-creek-armstrong-creek?utm_source=PropertyObserver%20" target="_blank">Harriott at Armstrong Creek</a>, will deliver a sustainable community nestled next to Sparrovale Wetlands, located 10 kilometres from Geelong.
The first 81 blocks of the 659-lot community are expected to be delivered by mid 2021.
It aims to cater to <a href="https://www.urban.com.au/news/new-housing-development-aims-to-cater-to-overwhelming-population-growth-anticipated-for-geelong" target="_blank">significant population growth</a> anticipated for Geelong.
The community’s future offerings will include 140ha of open space, central parklands and regional sporting facilities.
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Construction begins on master-planned community in Geelong's Armstrong Creek

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Sydney’s newest urban master-planned community, Wilton Greens, has secured 105 land sales valued at $30.8 million.
Developed by Risland Australia, the sales occurred within three weeks of the project’s launch, making it one of the fastest selling in New South Wales.
Located within Sydney’s south west growth corridor in the Wollondilly area, the Wilton Greens will comprise 3,600 land parcels spanning 433ha.
The project will be New South Wales’ first major master-planned community, following Risland’s successful launch of Windermere Estate located in Victoria’s Mambourin, two years ago.
Wilton Greens will eventually be home to over 12,000 residents, comprising schools, a shopping precinct, community facilities, transport links and green open spaces.
Prices ranged from $239,999 to $372,500 with land sizes between 275sqm and 540sqm.
“The masterplanned design, affordable price point, range of land parcel types and development approved land drove early results in Wilton Greens”, said Wilton Greens sales manager Damian Hogan.
The community is planned to have eight ‘villages’, each with a green open area at its heart, distinct native landscaping and wide home frontages
It is located at the gateway in the south west with Picton, Campbelltown and Wollongong all within easy reach.
Construction is expected to start in November 2020.
Risland Australia, formerly known as Country Garden, recently developed<a href="https://www.urban.com.au/news/watpac-delivers-country-garden-australias-first-project?utm_source=PropertyObserver"> </a><a href="https://www.urban.com.au/new-apartments/ryde-garden-27-37-delhi-road-north-ryde?utm_source=PropertyObserver%20" target="_blank">Ryde Garden</a> in Sydney’s North Ryde. 
The <a href="https://www.urban.com.au/news/watpac-delivers-country-garden-australias-first-project?utm_source=PropertyObserver" target="_blank">$580m residential development</a> comprises 830 apartments across three high-rise towers.
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Sydney's newest master-planned community Wilton Greens secures $31 million in sales

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A masterplanned seaside development in Bundaberg has put the call out for large home building companies around the country.
An application has been lodged with the Bundaberg Regional Council for the reconfiguring of the first 170 lots in the $2 billion Southbeach at Elliot Heads project, a 246 hectare estate which will include 3,200 homes.
The project is a joint development between Sydney-based Stan La Vin and local Manera family who have consolidated 31 farming land titles adjoining the township and estuary over 47 years.
Development has been in the pipeline since May 2007 with approval granted in August 2013.
It has already received 1,400 registrations of interest for house and land packages over the past 10 months including over a third of these from NSW and Victoria.
Mr La Vin said the development would require several large scale home building companies to realise its 10 year development timeline.
“Timing is everything and when we first received approval in 2013 we were adversely affected by the mining crash so decided to slow things down,” Mr La Vin said.
“We’ve been running an early-bird buyer campaign to gauge interest and have been overwhelmed by the response, so now we need to start building.”
The development, which is 20 minutes’ drive south of Bundaberg and a gateway to The Great Barrier Reef Marine Park, will include a shopping centre, bistro, healthcare services and schools.
It will also open up the 20 kilometre coastal strip from Elliott Heads to the established resort precincts of Coral Cove, Bargara and the international port township of Burnett Heads where a 273-berth marina is to be built by French constructor Poralu Marine with adjoining luxury resort and residential development planned.
Southbeach has been masterplanned by renowned Canadian-Japanese architect Brian Toyota.
Engineering, infrastructure and environmental services has been provided by consultancy firm Cardno.
House and land packages start from $395,000 with land sizes up to 700 sqm and a ‘nothing taller than a palm tree’ edict to preserve the visual appeal of Elliott Heads.
Sales are expected to begin soon with construction of the first homes anticipated to commence in the first half of 2020.
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Masterplanned Elliots Head seaside development seeking home construction companies

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The first stage of development within Marina Village Martha Cove, Victoria’s newest bayside town centre, is now complete.
The first stage, dubbed The Moorings, is designed by Karl Fender of Fender Katsalidis and developed by the Balmain Group. It is located at the base of Mount Martha on the eastern shores of Port Phillip Bay.
The Moorings comprises a residential building of 43 two, three and four bedroom apartments, with Martha's Table, a restaurant, bar, grocer and cellar occupying the ground level.
Martha's Table is set to open in early spring.
Murry Offord, head of asset management as Balmain Group, says a key priority has been to work with a tier-one design team in order to deliver a market-leading town centre which sets a new standard for Martha Cove.
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“As our first project within the town centre, The Moorings is an iconic building in terms of design and what it means for the evolution of the area," Offord said.
"We have worked closely with our urban planners, architects, designers, builders and landscapers to ensure that the final design not only respects its surrounds but offers something special that people want to be a part of.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/5/Martha%20Cove.jpg" alt="">
“The completion of Marina Plaza and The Moorings has delivered what we set out to achieve – creating a community and lifestyle that will be the envy of the Mornington Peninsula.”
The project is almost 70 percent sold.
Marina Village Martha Cove has 300 marina berths and a full-service boatyard, including a 300-boat dry stack facility with concierge and valet services.
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Over 40 per cent of The Moorings’ buyers have also purchased a 99-year marina berth lease.
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Architect Karl Fender describes the town centre as “a habitat of modern lifestyle inspired by the spirit of the Mornington Peninsula.”
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“It really is a haven for boat owners. There aren’t many places where you can live in an architecturally designed apartment and tie your boat up in your front yard,” says Offord. 
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“We’re proud to see the town centre becoming a reality. It is a project that combines the best of contemporary placemaking and the aesthetics of the peninsula. We look forward to opening Martha’s Table and launching our next residential projects later this year,” Offord adds.
 
Balmain Group acquired the site, the only waterfront retail and residential masterplanned estate on the peninsula, from receivers in 2015.
They redeveloped the masterplan to create Marina Village Martha Cove, which was approved at the end of 2016.
 
 
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jrobinson-rf4aSBido9

The Mornington Peninsula's newest town centre, Marina Village Martha Cove, starts to take shape

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Serenity Cove, in the Hope Island and Helensvale precinct on the Gold Coast, has been listed for sale.

The 65 hectare waterfront estate is approved for a multi-staged masterplanned community.

Considered the final puzzle piece of the Hope Island masterplan, Serenity Cove has approval for 235 lots and dwellings in addition to balance land for future development.

There are plans for a 3,800 sqm retal and dining precinct.

A soft launch in 2017 saw 15 buyers of waterfront land spend a combined $10 million on their slice of Serenity Cove.

The first release of land included 48 waterfront lots along Saltwater Creek and on Lake Serenity – some with marina berths.

Located in the Hope Island/Helensvale precinct and some 10 minutes from the world-renowned 5-star resort and golf course of Sanctuary Cove, the subject site has extensive water frontage and is offered for sale via a two-stage tender process through Mark Witheriff and James Branch of Knight Frank in conjunction with Brendan Hogan and James Holland of Colliers International.

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“This is one of the last large-scale waterfront approved development sites within South East Queensland,” said Witheriff. 

“There are very limited comparable sites of this scale remaining on the Gold Coast, let alone those with extensive water frontage to cater for an up-market masterplanned residential estate.”

Colliers James Holland said the Helensvale and Hope Island precinct is currently seeing strong sales of waterfront land and homes.

"Due to diminishing land supply in Hope Island, the suburb is currently seeing a resurgence in high density living,” said Mr Holland.

Knight Frank and Colliers International recently transacted the former Village Square Market Place site nearby on Hope Island for $17.025 million. 

The purchaser has since lodged plans for 348 retirement apartments across five x eight level buildings which further underpins and supports the sustainable population growth within the region. 

<h2>Queensland properties selling now:</h2>

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Serenity Cove, one of the Gold Coast's last masterplanned communities, hits the market

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Frasers Property Australia has spent $202.5 buying The Grove master planned community at Tarneit, in Melbourne’s west, from Stockland.
The deal was under deferred payment terms.  
The Grove is an existing community with around 850 lots already sold and developed.
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Anthony Boyd, executive general manager of residential at Frasers Property Australia says the acquisition of The Grove is a key addition to the company’s residential portfolio. 
“The Grove is strategically located within Melbourne’s fast-growing western corridor and in close proximity to existing and proposed services and amenities, including the new Tarneit railway station, schools and shops,” Mr Boyd says. 
“Stockland has set a high standard for both quality and community at The Grove and we’re delighted to be able to bring this growing community to fruition. Residents can be confident that we respect and share their vision for The Grove and we’ll work with Stockland to ensure a smooth transition. 
“There’s already a strong sense of community established at The Grove and we’ll look to build on this, working with existing and new residents to create a place everyone can be proud of.”
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Frasers Property will acquire the balance of the project, which covers 167 hectares and will yield 1,780 residential lots.
Of these, around 460 lots have exchanged, with revenue of approximately $130 million to be received by Frasers Property within 18 months.
The Grove will comprise over 2,600 homes once completed, as well as a town centre retail precinct, proposed primary and secondary schools, a neighbourhood activity centre, sporting oval and community facilities, expected to include medical and child care, as well as a series of cycle paths, parklands, creeks and waterways.
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