Developer Cedar Woods acquires 21 hectare site in Melbourne’s Wollert adjacent to their Mason Quarter project

The combined project will accommodate a master planned community of around 800 lots plus two school sites.
Developer Cedar Woods acquires 21 hectare site in Melbourne’s Wollert adjacent to their Mason Quarter project
Cedar Woods
Jonathan ChancellorJanuary 13, 2021

The ASX listed developer Cedar Woods has acquired a 21.7 hectare site in Melbourne’s north, immediately adjacent to the company’s existing Mason Quarter project in Wollert

The combined project will accommodate a master planned community of around 800 lots plus two proposed school sites.

The additional land, described as a strategic acquisition, was purchased for $30 million from a private land owner.

The payment has been deferred until 2022. 

Mason Quarter comes with a proposed town centre, a future train station, schools, community facilities, walking and cycling paths, and parks. 

Cedar Woods’ Managing Director, Nathan Blackburne, said the acquisition utilised “its strong balance sheet to take advantage of this favourable time in the property cycle.”

“We’re confident that the Melbourne land subdivision market will benefit from continued housing demand and perform well as Victoria continues its economic recovery,” said Mr Blackburne.

The combined site increases Mason Quarter’s frontage to Craigieburn Road.

New Land Lot for sale in Mason Quarter Estate, Wollert

Access the latest brochure, pricing and floorplan details for Mason Quarter Estate.
411m² area, 11.2 frontageland lot from $409,000
Total area:
411m²
11.2m
28m
458m² area, 10.8 frontageland lot from $448,000
Total area:
458m²
10.8m
27.4m
429m² area, 12.5 frontageland lot from $458,000
Total area:
429m²
12.5m
33.2m
582m² area, 14 frontageland lot from $570,000
Total area:
582m²
14m
36.4m
268m² area, 10.5 frontageland lot from $333,000
Total area:
268m²
10.5m
25.5m
364m² area, 11.8 frontageland lot from $415,000
Total area:
364m²
11.8m
22m
265m² area, 12.8 frontageland lot from $309,000
Total area:
265m²
12.8m
14.3m
280m² area, 8.5 frontageland lot from $343,000
Total area:
280m²
8.5m
32.9m
250m² area, 8.5 frontageland lot from $321,000
Total area:
250m²
8.5m
433m² area, 13.6 frontageland lot from $459,000
Total area:
433m²
13.6m
32m
336m² area, 10.5 frontageland lot from $394,000
Total area:
336m²
10.5m
32m

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.

Editor's Picks