Stockland launching $540 million, 1600 home estate in Truganina - TOF 16/04/2018
The future site of Stockland’s Grandview estate in Truganina.
MELBOURNE’S west is set for the next stage of a building and new homes boom.
Stockland has announced plans for a $540 million, 138ha estate in Truganina.
It will be part of a 1500ha new precinct gazetted by the state government in August last year.
The Grandview estate will feature 1600 homes, close to one in five of the more than 8000 homes expected to be built across the Mt Atkinson and Tarneit Plains Precinct — south west of Caroline Springs.
It is expected land will be available for purchase by June, with lots in the first stage to be available from $250,000.
More affordable land may be available in later releases.
The estate will also be home to 54ha of conservation space, a primary school, community activity centre, bike paths, two parks and a sporting reserve.
Stockland general manager for Victoria Mike Davis said a focus on infrastructure in the area would make it an accessible and liveable space.
“The early activation of infrastructure at Grandview will also make it one of Melbourne’s most liveable communities from day one,” Mr Davis said.
“Grandview occupies a prime position within Truganina offering buyers an opportunity to buy and build close to the Melbourne CBD, in what is one of Australia’s fastest growing residential corridors.”
Stockland’s Grandview estate plan, and local precinct infrastructure.
The estate will also be within three kilometres of a proposed train station on the Ballarat commuter line.
It is expected that the broader precinct will generate 1900 long-term jobs, with a commercial, retail and industrial component to be added to the area.
Source: realestate.com.au