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Mirvac's Sold Out Tullamore Settlements Start

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Settlements in the Doncaster community of Tullamore will commence this month, the first step towards the neighbourhood’s approximately 2000 residents moving in.

To date, all 325 released lots in the 47 hectare development have been sold since going to market in May 2015.

Tullamore will transform the former site of the Eastern Golf Club into a leafy residential haven, featuring approximately 800 architecturally-designed homes.

More than 20 per cent of the site has been retained as public green space, with the project already garnering a Six Leaf sustainability design rating from the Urban Development Institute of Australia (UDIA). This green space opens up the golf course land to the community for the first time, increasing connectivity and recreation opportunities.

Civil works have been completed on the project’s first stage, with housing construction to commence shortly after residents settle this month. The community’s first residents are expected to then move in by early 2017.

Mirvac’s Head of Residential, John Carfi, said the project’s success showed the important role infill development played in established suburbs, adding a variety of housing stock at a range of price points.

In addition, he said it increased demographic diversity in established suburbs, opening up the market to younger purchasers as well as families.

“Tullamore has increased the choice for locals in a market that was previously dominated by older style homes needing an upgrade or investor style apartments,” he said.

“Buyers have responded extremely well, not only because Tullamore is the only place to purchase land in Doncaster, but also because today’s purchasers understand the benefits of buying in a contemporary masterplanned community.

“We have invested years into research and pilots to understand what a masterplanned community needs in its DNA to be a success.

“New technologies have allowed us to create more sustainable communities, while design maximises homes’ efficiencies, passing on cost benefits to residents for years. Most importantly, today’s communities are connected and neighbourly – and that is why people are attracted to them.”

Located just metres from Doncaster’s Westfield Shopping Centre, Tullamore has further stage releases in the works. Including prestigious architect designed Mirvac homes nestled in the tree-lined streets, premium land, and large apartments in boutique blocks targeting owner occupiers set to be released in early 2017; a product type not previously prevalent in the Doncaster market, but which Mirvac hope to offer further opportunity to become part of the Tullamore community.

In order to manage strong demand, Mirvac has utilised a ballot system at its most recent releases giving all registered purchasers the same opportunity to acquire one of the project’s lots.

To date, Tullamore has primarily sold to locals living within a five kilometre radius of the site, with many buyers’ young or established families looking for extra space and a contemporary, modern lifestyle and home.

 

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Article originally posted at: https://https://theurbandeveloper.com/articles/mirvacs-sold-out-tullamore-settlements-start