Jinding spends $130 million on 650 plus outer Melbourne housing estate lots

Melbourne developer Jinding has spent $130 million on two land parcels in the city’s outer north
Jinding spends $130 million on 650 plus outer Melbourne housing estate lots
Jonathan ChancellorDecember 14, 2021
The Jinding development company has spent $130 million for two land parcels in the Melbourne’s outer north. The sites will support around 650 plus homes. The latest acquisition is headlined by a 29-hectare site at 1240 Mickleham Road in Greenvale. It was marketed as offering the last opportunity to deliver a significant land estate in Greenvale by RPM Real Estate with the potential to deliver 400 residential lots in addition to a 3.5ha government school and a 1.2ha community centre. Directly adjoining Peet’s Aspect at Aitken community, 1240 Mickleham Road includes the heritage-listed Dunhelen homestead and barn built in 1860. The acquistions also included a 28-hectare parcel at 65 Bodycoats Road in Wollert offered through Core Projects' Land Team who marketed it as supporting 250 housing lots. "At 28.17 hectares the site is expected to yield 250+ residential lots, with an additional 11.92 hectares allocated for a future government school," listing agent Kane Malcomson advised. The site presents as ready-for-market with immediate development potential. Nearby estates include Jinding's The Patch to its north, along with Dahua's Wollert Rise. AVID and Bauenort are located to its east, and Evolve's Arramount to its south and west. The site has direct access to Hume Freeway and Epping Road, and just a short drive to Epping Railway Station. The two acquistions take the sites acquired by Jinding this year to six. The developer launched in Australia in 2016 is headed by Jinding Australia CEO Luke Guthrie. It controls a land bank of more than 4700 lots with an end value of about $1.8 billion.

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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