Construction begins on Peet’s Cranbourne development Quarters

Construction begins on Peet’s Cranbourne development Quarters
Construction begins on Peet’s Cranbourne development Quarters

Construction has begun on the first of 800 planned homes that make up developer Peet Limited’s new Victorian project Quarters.

Peet has commissioned construction companies Burbank, Carlisle, Metricon and Simonds to build the Cranbourne West homes.

Land prices start at $164,000 for a 294-square-metre block and from $210,000 for a 516-square-metre block. These will increase $15,000 on December 23 when Peet’s discounting period stops.

Quarters was officially launched in February 2011. To date 119 have been released, of which 93 have sold.

The next land release will be in March 2012.

The development is on Evans Road, three kilometres from Cranbourne’s town centre.

Some homes have their frames and roofs built, whiles others are still just foundations in the dirt.

“Quarters offers affordable housing in a high-growth area so, not surprisingly, the community is proving a popular choice amongst first-time buyers and young families,” says Peet Limited managing director and CEO Brendan Gore.

“Peet is offering a variety of lot sizes well-suited to a wide range of home designs that suit different buyers and families.”

The City of Casey is one of the fastest-growing municipalities in Australia, with development concentrated Berwick, Cranbourne, Narre Warren South and Lyndhurst, according to June research by Oliver Hume.

The municipality's population grew by 3.3% over the last 12 months to June 2011 according to state government’s Department of Planning and Community Development.

The median price for houses in Cranbourne West is $318,000.

For advice on buying house-and-land packages, download our free eBook.

 

Alistair Walsh

Alistair Walsh

Deutsche Welle online reporter

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