AVJennings’ newest $400m masterplanned community in Wollert, Victoria, Lyndarum North, launched this month, selling over 80 percent of available land to a majority first and second home buyer audience.
The first stage was released exclusively to pre-registered Lyndarum North members, with 55 registrations in just fifteen minutes.
The success of the first stage release confirms sustained pent up demand for land in the northern growth corridor, which has seen a recent surge in popularity with the median house price rising 12.2% in the last 12 months.
AVJennings General Manager for Victoria Angus Johnson said the launch of Lyndarum North would bring much needed supply to the booming area, which is expected to grow by another 150,000 new residents in the next 20 years.
“With increasing demand for homes in the northern growth corridor, Lyndarum North is delivering blocks starting from just $198,000, appealing to first home buyers and young families who are searching for an affordable entry into the housing market,” he said.
“Purchasers are becoming increasingly savvy about what will be available to them in terms of amenity and infrastructure, which is why we have placed so much emphasis on community facilities with plans for a new town centre, future school and plentiful parks and open space.
“The results of the launch of Lyndarum North has indicated that new masterplanned communities in locations that are serviced by established and future amenity, and offer affordable price-points, will continue to thrive amongst increasing competition in the established and new home markets,” he said.
Located just 25km from Melbourne’s CBD and surrounded by convenient road and public transport links, Lyndarum North will be a well-connected, liveable community with easy access to the Hume Freeway, Epping Road, and Craigieburn railway station.
On completion the masterplanned community will house the area’s largest Town Centre and a range of community services such as a proposed train station located within the site.
Lyndarum North is launching to the public in February next year, following this month's database pre-launch.