Mirvac’s Harcrest has achieved complete sell-out a year in advance, with eager buyers purchasing all 899 allotments in the community-focused masterplanned development in Wantirna South.
Based in Melbourne’s highly coveted eastern corridor, the 56.2 hectare site will be home to more than 2,500 residents upon completion in mid-2017. Launched in 2010, Harcrest has sold out each of its 10 progressive stage releases, generating more than $450 million in total sales, with demand for land exceeding expectations.
Mirvac’s Head of Residential, John Carfi, said the demand shown for Harcrest demonstrated that purchasers valued Mirvac’s efforts to create an integrated and vibrant local community.
“Location is a top priority for buyers across the board and Harcrest boasts a prime position in Wantirna South at the foot of the Dandenong Ranges. It is a great place for families to call home,” he said.
“Equally as important to purchasers has been the in-built sense of community at Harcrest, created by our shopping village and community gardens. These were all delivered early in recognition of the essential role they play in a new development.
“This provision of early services that connect neighbours sits at the heart of every Mirvac community alongside great design, and we believe, are key factors that drive success.
“The flow on impact of these facilities at Harcrest has been strong demand and also price appreciation for residents. “We’re proud to have created a strong sense of community, which will continue grow over the coming year as our final residents settle at Harcrest,” he said.
There have been more than 650 settlements to date, of the 899 lots including 622 land lots and 277 house and land packaged lots, ranging from two to five bedroom homes. Many purchasers at Harcrest are repeat buyers who have recognised the quality of Mirvac design, having previously purchased at other Mirvac estates or bought multiple homes within the Harcrest community.
Almost a mini suburb in Wantirna South, Harcrest has been a significant project, with some notable statistics around its construction. More than 37,000 square metres of concrete paving has been completed on site - enough to pave the surface of the MCG 1.5 times. In addition, around 10 kilometres of roads have been laid - the equivalent of two laps of the Melbourne Grand Prix track.
Within Harcrest, residents have access to 6.8 hectares of public open space, including a large lake and wetlands, to be completed late 2016, neighbourhood parks, barbeques, picnic facilities, playgrounds, community gardens and an orchard.
In addition, residents can access the Harcrest Shopping Village, which opened in February 2013 and comprises a local IGA and variety of specialty stores, as well as quality food and beverage establishments.