Growland buys Tarneit residential development site

Growland buys Tarneit residential development site
Growland buys Tarneit residential development site

Developer Growland has purchased the 65ha site at the intersection of Derrimut and Doherty’s road in Melbourne's western growth corridor to develop a 900 lot masterplanned community with an estimated end value of $420m.

The housing development in Tarneit will feature wetlands as part of the urban landscaping. 

Ronald Chan, CEO of Growland said Tarneit represents a fantastic opportunity for buyers.

"It’s a dynamic, rapidly-evolving suburb that offers good schools, amenities, large blocks of land and quick transport links to Melbourne’s CBD, just 22km away,” he said.

“Many buyers in Tarneit are coming from Sydney and Western Sydney due to Melbourne’s relative affordability and lifestyle, which is a trend we believe will continue as Sydney land prices remain out of reach for many."

Located at the intersection of Derrimut and Doherty’s road, the site is close to schools, and less than 2km from Tarneit Train Station and a highly-anticipated local activity centre. 

The site also presents an opportunity for medium density housing in the future. 

Growland’s new Tarneit community, set to launch in November, will be rolled out across 20 stages. 

Tags: 
Residential Development Growland

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