Mirvac secures $35.6 million in Ascot Vale Enclave sales

Jonathan ChancellorApril 29, 2013

The first release of Enclave, Mirvac’s new Ascot Vale residential community is 95% sold following its launch weekend.

There were $35.6 million in sales for the project located seven kilometres from Melbourne’s CBD. The home and land packages were priced from around $549,000.

Some 61 lots were purchased including a mix of land allotments and Mirvac designed homes. Only four lots remain for sale.

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The 10.4 hectare site forms the balance of the Ascot Chase project, located directly to the north of stages 1 and 2, delivered by Urbex and Gresham Property Fund No 3 (Gresham).

The project will be delivered as a joint venture partnership between Mirvac and Gresham.

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"The launch weekend well and truly surpassed the planned release of an initial 30 lots, with an additional 35 lots brought onto the market to meet the high demand for quality real estate," Mirvac residential chief John Carfi said.

Construction of the first stage of land and housing as well as the wetlands will commence next month.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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