Following the success of the recently completed Charterwood development at Wadalba, AVJennings is further extending its footprint in the Central Coast with the launch of a new community in Hamlyn Terrace.
Magnolia, the 40-hectare master-planned community is comprised of 470 lots with a range of residential options, including freestanding homes, terraces and land-only allotments.
The new development hopes to replicate and expand on the success achieved at the company’s other completed neighbourhoods in the region.
AVJennings General Manager NSW Alan Soutar was pleased with the new development, looking forward to continuing the tradition to build within the Central Coast region.
“AVJennings has enjoyed a long history on the Central Coast bringing to life over 15 master-planned residential communities in the area throughout the last 20 years or more, with Magnolia set to continue this tradition,” he said.
“With Magnolia AVJennings will continue to raise the bar when it comes to coastal living on the NSW Central Coast. Homebuyers will be able to choose from a number of fully complete AVJennings homes as well as house-and-land packages with some of Australia’s leading builders. Land-only allotments can also be purchased and built upon, in accordance with Magnolia’s design guidelines,” Mr Soutar said.
Magnolia will be home to approximately 1,200 residents with the first release of 12 homes priced from $509,950.
“If demand for our previous developments is anything to go by we are anticipating strong demand for land and houses at Magnolia. We are delighted to continue to help Central Coast locals find their dream home at Magnolia,” Mr Soutar said.
Wyong Shire Council Mayor Doug Eaton said it is important for the region to continue to welcome new housing options to help meet the Shire’s growing population.
“We know people want to move here and it is great to see AVJennings is so willing and able to respond to this demand and create real, affordable housing for our residents, particularly first home buyers and retirees,” said Mayor Eaton.
“It is not just about the housing, it is also about the infrastructure – new roads and a neighbourhood park, so it can become a thriving community hub for the new residents,” he said.
The initial release of Magnolia is currently sold out, with construction underway on the first AVJennings homes. The entire development is expected to be complete in 2019.