Fastest selling estate in East Gippsland, Shannon Waters, to open largest display village in region

Fastest selling estate in East Gippsland, Shannon Waters, to open largest display village in region
Fastest selling estate in East Gippsland, Shannon Waters, to open largest display village in region

New greenfields development Shannon Waters, set to be the only estate east of Sale to be connected to the NBN, is opening the region’s largest display village.

Celebrating the opening through a New Homes Expo this month, they will launch the largest display village in East Gippsland featuring a number of different house and land options, along with NBN demonstrations.

The developer of Victoria's Shannon Waters, Stan Collins, said that they would be taking a number of ballot-selected attendees on helicopter rides over the area. A trackless train will take others around the display to the estate’s central parkland to see the views and gorge. Oliver Hume is marketing the sites at 100 Bairnsdale-Dargo Rd.

Stage two of the Bairnsdale development has been launched, after stage one sold out prior to Christmas. Stage one consisted of 74 blocks, and it was the fastest selling estate in the region. The median sale price for houses in Bairnsdale is $235,000, according to RP Data, with a median weekly achievable rent of $260 - providing an indicative 2.6% yield.

The event will run from 11am to 3pm on March 15.

Shannon Waters recently launched its stage two release following unprecedented demand for allotments from local and regional buyers.

Collins said the 74 blocks in stage one A and B had sold out by Christmas securing it the position of the fastest selling estate in the region. A number of homes are currently under construction and complete, with some already living in the estate. Ten blocks are said to have already sold in stage two.

Prices for land start at $94,900 with a number of sizes available, looking to cater to first home buyers upwards.

Builders for the house and land packages include Simonds, Colmac & Blay Builders, Key Homes, Metricon, Aspired Living and a number of others. There's approximately 20 hectares of open space, including walking trails, with the location being created around a lake and the Mitchell River. The area is close to a number of amenities such as hospitals, schools and shops, and is five kilometres from Bairnsdale CBD.

It is located outside of the flood zone, and includes flat blocks. It appears 230 square metres is the starting block size.

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Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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