Donnybrook, Kinbrook sees 300 housing lot sales in 2021
Victorian developer Moremac has sold 300 lots at their Donnybrook estate, Kinbrook in the first six months of 2021.
It represented a record number across its Victorian portfolio, highlighting unprecedented demand for greenfield spaces.
Located in Melbourne’s north, Kinbrook’s highest selling month this year was April.
It saw two lots purchased per day on average, at a time when the Home Builder stimulus package had wrapped up and as new home sales halved across Australia.
Kinbrook offers entry-level and first home packages within The Glide precinct of the estate, and second home options within the southern Lavender Rain pocket.
Lots within Lavender Rain are larger in size - ranging in size between 350 and 643 square metres.
Nalin Sharma purchased his first block of land at Kinbrook in May - with more space, high connectivity and true value for money attracting him to the area.
Working in sales and travelling frequently across Victoria including Geelong, Dandenong and Melbourne CBD, Nalin said that access to the freeway was a primary consideration for the decision to buy in Kinbrook.
“Other developments were positioned further back into the suburb, but the land we’ve purchased is 200 metres from Donnybrook Rd which leads onto the freeway in minutes,” said Nalin.
“We were also really impressed with the estate’s masterplan and vision for what’s to come, including open spaces and parks at the back of the estate and upcoming schools.” “We have a two-year-old son, so by the time he is enrolled, we will have plenty of options in walking distance for him to go to,” he said.
Kinbrook is set to commence work on a community park in the coming weeks, with public primary and secondary schools due within the next 18 months.
Meanwhile Mirvac is seeing sales at its recent masterplanned community at Donnybrook, its 465-hectare Olivine estate.
Olivine already has 200 plus residents, across 85 homes, with 11,000 residents once completed. For a time last year around 70% of sales were to first home buyers.
The 465-hectare Olivine community will comprise in excess of 4,000 lots with 120-hectares of land dedicated to open space and conservation.
Olivine is set to get a 9ha sporting precinct including dog park and skate park, Hayes Hill State Government primary school and a future local town centre featuring 10,000 sqm of retail and 5,500 sqm of commercial space anchored by a town plaza.