Geelong’s Draper family has launched a new housing estate at Yaringa Armstrong Creek.
NEW residential land estates are opening in two of Geelong’s busiest growth corridors.
A family that’s helped build many of Geelong’s new land estates has turned developer in the Armstrong Creek growth area.
Yaringa Armstrong Creek will offer 210 lots in 10 stages on the 12.23ha site off Surf Coast Highway at Mt Duneed.
Blocks measure in size from 364sq m to 562sq m.
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The first stage — the Kangaroo Grass release — is now selling.
The Draper family, which operates Drapers Civil Contracting, has owned the land that follows the eastern end of Baanip Boulevard since 1989.
Maxwell Collins, Geelong agent Nick Lord said he is expecting high demand for the well-positioned, quality land.
“Yaringa offers the perfect location for first-home buyers, young families, investors and downsizers alike, with its proximity to the Geelong CBD, the Surf Coast as well as an easy commute to Melbourne via direct access to Baanip Boulevard,” he said.
Geelong’s Draper family has launched a new housing estate at Yaringa Armstrong Creek.
“The community will have access to key infrastructure such as shopping centres, quality schools, parks and other green open spaces, as well as public transport, and all right on its doorstep.”
As land owners and civil contractors, the Drapers have wasted little time in starting construction with an aim to allow buyers to get titles by the second quarter of 2021.
Geelong’s Draper family has launched a new housing estate at Yaringa Armstrong Creek.
Meanwhile, Villawood Properties has relaunched its Estuary development, with the 225-lot River Cove estate at Leopold.
Located to the east of the existing Bellarine Peninsula estate, River Cove will complete the link between Melaluka Road and Ash Road.
The first stage offering 26 blocks was launched at the weekend.
The original 651-lot Estuary estate busted sales expectations of a nine-year life-cycle, selling out in just four years.
Villawood Properties has launched River Cove at its Estuary development at Leopold.
Executive director Rory Costelloe said the business under estimated the local demand for new homes.
“The vast majority of buyers at the original Estuary were local Leopold buyers looking for a quality estate and community within Leopold without having to move into Geelong,” Mr Costelloe said.
“Many families had moved to Leopold as first-home buyers in the 1970s, ’80s and ’90s.”
Mr Costelloe said a number of people had already lined up to buy at River Cove, all from Leopold bar one from Barwon Heads.
“The new expanded Gateway Plaza shopping centre, with Bunnings and all its other stores, has been a great drawcard as well,” he said.
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