Stage one construction will commence for Wollert’s newest master-planned community, the $400m Lyndarum North project, after sellout of stages one to four at the master planned 166 hectare site.
The average Lyndarum North block measures 392sq m and is priced at $244,000, with the development located 27 kilometres from Melbourne's CBD. Recently the project launched 25 stage four blocks via an online ballot system, which sold in 90 minutes.
The development will include 1,800 residential lots along with the area’s largest town centre and a range of community services and facilities including a proposed train station, school, childcare, medical centre plus parks.
Lyndarum North forms part of the recently gazetted Wollert PSP, which on completion is expected to yield over 8,000 direct long-term jobs providing a substantial economic boost to the Whittlesea region. The launch of construction across Stage One was recently celebrated with a soil turning ceremony, attended by the City of Whittlesea Mayor, Cr. Ricky Kirkham, and over 20 guests including the Lyndarum North project team, AVJennings’ CEO, Peter Summers, Victoria General Manager, Angus Johnson, and CFO, Mr. Larry Mahaffy.
Mayor Kirkham said the council was looking forward to continuing its collaboration with developer AVJennings as Lyndarum North comes to life.
“We welcome the start of construction at Stage One of Lyndarum North in Wollert. This development is significant, offering an economic boost to our region as well as our local landscape,” said Mayor Kirkham.
“We look forward to continuing to work with AVJennings to make Lyndarum North a great place to live in the City of Whittlesea.”
AVJennings General Manager, Angus Johnson, attributing the project’s popularity to its 'unique lifestyle'.
“Buyers are attracted to Lyndarum North due to its proximity to Melbourne’s CBD, affordability, the investment in amenities and infrastructure, and are drawn to the project’s long term vision and the quality product available.”
By its scheduled 2027 completion, the development is expected to house 5,000 residents.