Mirvac's Masterplanned Communities Keeping Up With Demand


Solid demand for residential land and housing in Melbourne has led to the sale of more than 470 lots since January across Mirvac's Masterplanned Communities project.

Continued strong performance at existing projects and the commencement of a number of new projects in Melbourne has generated in excess of $250 million worth of sales this calendar year.

Since January, Mirvac has activated approximately 6,800 lots in Melbourne with the launch of three new projects; Tullamore in Doncaster, Woodlea in Melbourne's west and Jack Road in bayside Cheltenham, with all lots selling out on launch weekend.

ALSO SEE: Top 10 on the wanted list for Master Planned Communities

Sales success at existing projects also continued this year with Enclave in Ascot Vale selling out and the final stage at Harcrest in Wantirna South to be released in the coming months.

Mirvac's most recent launch at Tullamore saw the Group bring forward the second stage of the project to service the demand on launch weekend. Over the two days eager buyers snapped up 195 homes and land lots valued in excess of $160 million.

At Woodlea in Rockbank North, a joint venture with Victoria Investments & Properties, 174 lots were sold in under two months, following the sale of approximately 70 lots on launch weekend.

Related reading: Top 10 On The Wanted List For Master Planned Communities

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