Jinding secures two Kilmore house and land development sites

Diversified property company Jinding has secured two adjoining sites in the township of Kilmore in Melbourne’s north, as it grows its project pipeline.

Located one hour’s drive north of Melbourne, the land parcels in Kilmore’s south-east, comprise a total of 60-hectares.

They will create 550 new lots averaging 550 square metres each.

Jinding secured the twin lots just prior to their rezoning from farming to residential land. 

One site was bought off-market.

“Developing in Kilmore was a deliberate choice for us, with the trend towards regional living growing significantly in the past 18 months," Jinding CEO Luke Guthrie said.

"Our aim is to meet this growing demand in Victoria, with best-in-class developments, championing premium living that is underpinned by a strong mix of amenity for all our customers.”

The managing director of Jinding’s development division Liz Ronson noted there had been a flurry of urbanisation in the Wallan and Beverage growth areas in Melbourne’s north, however, Kilmore has remained relatively untapped. 

"The recent rezoning is a very strong proposition from a development- perspective, as the land is relatively affordable and well connected to established social infrastructure, with a leafy rural backdrop."

The purchases are part of strategic plans by the business’s development arm to restock its pipeline, which currently comprises more than 4000 homes, while its Octave Junction Village and Harriot Armstrong Creek projects simultaneously move into their settlement stages.

Finding will launch the Kilmore lots for sale in 2022, with construction anticipated to commence late next year, ahead of welcoming residents in 2023.

 Founded in Melbourne in 2016, Jinding’s integrated business structure comprises five in-house divisions including: Development, Real Estate, Investments, Funds Management and Services.