Satterley buys more at Donnybrook on Melbourne's outskirts

Satterley buys more at Donnybrook on Melbourne's outskirts
Jonathan ChancellorAugust 22, 2016

The private residential land developer Satterley has acquired another 68 hectares in Donnybrook, 50 kilometres north of Melbourne CBD for $34 million.

It will be another house and land project for the BRW rich lister Nigel Satterley, following the sale of its project, Riverstone at Plenty River in Doreen, also in Melbourne's north. 

Donnybrook will consist of about 1000 lots with a variety of residential housing products including land, house and land, and townhouses.

It will be available for sale in 2018.  

"There is still good demand for housing in Melbourne and land is becoming scarce," he said.

The Donnybrook purchase is Satterley's eighth landholding in Melbourne

Other residential communities include: Coburg Hill, Coburg; Riverstone at Plenty River, Doreen; True North, Greenvale; Springtime at Mickleham, Mickleham; Arcadia, officer; Upper Point Cook, Point Cook; and Habitat on Davis Creek, Tarneit

 

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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