Stockland's largest ever residential development launched
Stockland's largest ever residential development in New South Wales opened their Sales and Information Centre at 11am today, with New South Wales minister for planning and infrastructure, Brad Hazzard, at the forefront.
The Willowdale development is a new 350-hectare community with 3,000 homes planned. Shops, 25 acres of parks and playgrounds and a proposed school will also be included.
It is located in the East Leppington growth precinct, 1.5 kilometres from the Leppington Train Station, currently nearing completion. It is 15 kilometres from Liverpool, and 37 kilometres from Parramatta.
The first two stages of land released at Willowdale, 49 and then 46 lots, sold out within the day of release. Stage 3 lots are looking at a release early next month.
Sizes range from 350sqm to 600sqm, with land prices starting from $234,000. A house and land package indicative pricing estimate is $429,000 for the 350sqm plot, with an estimated $195,000 for the house.
First settlements are estimated for June 2014, with residents ready to move in for the end of next year.
The launch event, celebrating the official opening of the on-site Sales and Information Centre, was hosted by Stockland's managing director and CEO Mark Steinert, and CEO residential, Andrew Whitson.
“In Sydney’s South West, we’re now seeing a once-in-a-generation infrastructure development program, which has been thoughtfully and strategically mapped out to coincide with the rezoning and release of new residential land,” said Steinert.
“Willowdale is perfectly located in Denham Court at the heart of this important growth corridor and early land sales have been very encouraging.”
He said that it is just one of a number of large scale projects they're fuelling in the western suburbs of Sydney. There's a plan to bring a Marsden Park residential development to market in 2014, and they've recently announced a $222 million redevelopment of Stockland Wetherill Park Shopping Centre.
“The NSW Government’s initiative to declare growth areas and rezone precincts for urban development has allowed us to plan with confidence and invest with certainty to provide affordable new housing for the Sydney market,” Steinert said.
“We have received good support from several key NSW government departments and formed strong partnership with Campbelltown and Camden Councils.”
Other prominent guests included Bryan Doyle, member for Campbelltown; Melanie Gibbons, member for Menai; Clinton Mead, mayor of Campbelltown; and Theresa Fedeli, from Camden Council.
The centre will be open to the public from October 5, seven days a week.