Melbourne's north-western developments seeing strong sales
Two developments in Melbourne's north-west are seeing a sales uptick, with Maribyrnong-located Horizon Drive more than 50% sold and Mirvac's Ascot Vale Enclave seeing their latest release achieve a 100% sales rate in a number of hours.
Enclave, the 10.423 hectare residential community (pictured above and below), released a total of 20 homes in the latest marketing approach. All of the properties achieved a sale, bringing the new total sales revenue for the project to $88,595,000.
John Carfi, Mirvac CEO of residential, noted that these sales included Doncaster Street terraces, sitting adjacent to the site, and the sell-out continues a string of good results for the project that launched in April 2013. The development is a joint venture between Mirvac and Gresham.
“This result validates that buyers continue to recognise this unique opportunity being presented in the heart of Melbourne," said Carfi of the site that is seven kilometres out from the CBD.
The site will include 200 dwellings on completion, with a mixture of different land blocks, and nearby to parkland, a gold course, sporting oval and retail services.
Construction of the first stage of land and housing has begun, set to complete late-2014, with 35 land lots settled and with first residents expected to move in by July.
The next release of land and townhouse will be in the middle of this year.
Meanwhile, in next door's Maribyrnong, Horizon Drive (pictured below) is a new residential subdivision that was re-launched in the second half of last year after being taken over by ICG. It is also seeing an uptick in sales with half of the 32 properties sold.
Near to redeveloped Highpoint shopping centre, the site includes two- and three- bedroom townhouses with their own garages and two-bathrooms (a main and an ensuite). Buyers looking for larger residences can join two of the two-bedroom townhouses to form a four-bedroom home for under $1.2 million.
The homes are designed by Rothelowman.
The latest release was of 121 square metre townhouses of two-bedroom and two-bathrooms from $595,000 upwards.
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