Springvale South

Development Victoria is making significant progress with the construction of its Springvale South community, Coomoora.&nbsp;

Townhouse construction by Creation Homes is underway, with 47 townhouses set to be delivered alongside 16 land-only lots creating a diverse range of housing options available.

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Prices for the final two remaining Viola townhouses have been reduced to $630,000, meaning buyers save $10,000 and only require a five percent deposit to purchase, with no more to pay until settlement, making it a perfect opportunity for first home buyers to continue saving whilst the home is being built.&nbsp;

The remaining two-bedroom Viola townhouses feature a generous sized family room, dining and kitchen space that opens onto an east-facing balcony overlooking Coomoora Central Park. A first floor bedroom will sit alongside a bathroom and study nook, as well as a private ground floor master suite.&nbsp;

The townhouses boast an angled roofline and a pared back facade, donned with contemporary cladding, and the homes come complete with one car space.&nbsp;

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Coomoora has been designed with residents' well-being in mind, with approximately 10 percent of the site devoted to common open space. This includes two key park areas with communal bench seating and landscaped areas.

An additional 10 percent has been designated as public open space, facing Coomoora Road. This open space will provide additional opportunities for residents to enjoy the outdoors and connect with nature and has already been delivered as part of the project.

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alisonwarters@gmail.com

Final opportunity to buy into Development Victoria's Coomoora community 

Development Victoria is making it easier for buyers to get a foot in the door in its latest residential development, <a href="https://www.urban.com.au/new-townhouses/coomoora-townhomes-15-29-coomoora-road-springvale-south">Coomoora</a> in Springvale South.&nbsp;

With just a 10 per cent deposit, buyers can purchase a home at <a href="https://www.urban.com.au/new-townhouses/coomoora-townhomes-15-29-coomoora-road-springvale-south">Coomoora</a>, located in Melbourne’s established south-east, and there’s nothing more to pay until settlement.&nbsp;

You simply need to choose a floorplan that suits you and any upgrades, sign a fixed price contract and&nbsp; the rest is taken care of by Development Victoria.

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With no progress payments required buyers can continue saving whilst their townhome is being constructed.

A limited number of two, three and four-bedroom townhomes remain at <a href="https://www.urban.com.au/new-townhouses/coomoora-townhomes-15-29-coomoora-road-springvale-south">Coomoora</a>, with the final release coming soon.

Development Victoria also has a special offer available where you can secure a two-bedroom home at <a href="https://www.urban.com.au/new-townhouses/coomoora-townhomes-15-29-coomoora-road-springvale-south">Coomoora</a> with just a five per cent deposit. This is ideal for first home buyers wanting to enter the property market.&nbsp;

These modern townhouses are also built with a range of sustainable inclusions as standard, meaning homes require less energy to heat and cool, minimising running costs and enhancing occupant comfort while also reducing the home's environmental impact.

The homes achieve a 6.5 Star NatHERS rating, along with featuring heat pump hot water and minimum 3.5KW solar PV systems.

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Double glazed windows help to minimise external noise and the sealed air gap between the two panes acts as an added layer of insulation, reducing heat loss in winter, keeping the homes at a more comfortable temperature, while heat pump water systems are in place, utilising heat from the surrounding air to reduce energy usage.&nbsp;

EV charger provisions are also in place across all homes, while residents will also be able to monitor energy usage with an energy monitoring system.

Through best practice design and construction, investment in innovation, and partnerships with industry leaders, Development Victoria aims to create places with a strong legacy. It’s about doing everything they can today, for a more sustainable tomorrow. This means that their homes need to be comfortable, resilient, affordable and healthy to live in.

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A range of Government grants are also on offer for buyers in Victoria, including the Victorian Homebuyer Fund, First Home Owner Grants and Stamp Duty Concessions.&nbsp;

The Victorian Homebuyer Fund allows buyers with a five per cent deposit saved to buy their home receive up to a 25 per cent contribution of the purchase price, in exchange for an equivalent share in the property.

The $10,000 First Home Owner Grant can also be utilised on townhomes at Coomoora, for homes valued at $750,000 or less, while the government will also remove stamp duty payments for homes valued under $600,000. Eligibility criteria applies to all Victorian Government grants.

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Buying a home at Coomoora is easy thanks to Development Victoria

Development Victoria's new residential community at Springvale South is offering a great range of housing diversity which is drawing buyers to the area.&nbsp;

Diverse and affordable housing was a key goal of Development Victoria when planning Coomoora at Springvale South and it has proven to be a successful formula.&nbsp;

<h2>Homes for every buyer</h2>

First home buyers, young families, growing families, and even investors, have purchased at Coomoora, which has seen all of the land lots snapped up, and around half of the architecturally-designed townhouses also accounted for.&nbsp;

First home buyers have been most prevalent in the two-bedroom product, which starts from $640,000.&nbsp;They see it as a more suitable option to renting, and a similar price point to a two-bedroom apartment closer to the city.

Coomoora's two-bedroom townhouses offer generous sized floorplans with living areas that open onto private balconies ideal for entertaining.

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Investors from inner-Melbourne have also shown significant interest in the two-bedroom townhouses. Investors will also no doubt be aware of the forecasted population growth of Greater Dandenong, and the infrastructure upgrades population growth inevitably brings.

According to the Greater Dandenong Housing Strategy 2014-24, in the decade between 2021 and 2031, the population of Greater Dandenong is expected to rise by 16 per cent, or to at least 203,000 – representing average annual growth of around 2,800 people.

Young families and more established families were attracted to both the price point of the three-bedroom townhouses, as well as the close proximity to Keysborough Primary School.

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<h2>The history of the site</h2>

The site was formerly owned by the&nbsp;Department of Education but was declared surplus in 2016 following the merger of several schools to form Keysborough Secondary College.

Development Victoria has partnered with builder Creation Homes to construct 47 townhouses in the development, with civil construction work well underway.&nbsp;

To create the diverse product mix, which in turn has seen a wide variety of buyers, Development Victoria is offering a range of floorplans across the two, three and four-bedroom townhouses.

Retaining existing trees and creating green open spaces was a focus in the design of the wider masterplan. The majority of townhouses front one of the green parks within the community. Those that don't are just a stone's throw.

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<h2>Priority Access program</h2>

A key commitment for Development Victoria was to increase housing supply and diversity by offering a range of affordable housing options at Coomoora.

Through its Priority Access program, eligible buyers have a seven-day exclusive period before each release where they can make a purchase before homes are made available to the general public.&nbsp;

Prospective buyers are income tested for their eligibility for the program. Development Victoria also offers the traditional 10 per cent deposit payment, rather than other developers who require the 10 per cent and progress payments throughout the build.

Development Victoria is committed to building communities at the projects they deliver, hosting events so residents can meet their neighbours.

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Development Victoria has partnered with builder Creation Homes to construct 47 townhouses in the development, with civil construction work well underway. 


Springvale South

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