Steadfield Melton South has homes priced at half Melbourne’s median.
A Melbourne development is selling houses for less than half the city’s $750,000 median house price.
Steadfield Melton South has homes available for as little as $370,000, which is also $50,000 below the affordable western suburb’s own median house price, according to latest realestate.com.au figures.
With 48 houses on blocks ranging from about 150sq m to 300sq m, the Sphere Group project’s prices top out at $469,500.
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Firm director Tony Bevacqua said they had been popular with young families and couples, with 19 now sold as first-home buyers scored up to $35,000 in government assistance.
“The whole development is targeted at first-home buyers and first-home investors, and given the current situation with COVID-19 and owner-occupier incentives, most are first-home buyers,” Mr Bevacqua said.
Despite this, they had also received strong interest from downsizers in the region.
The development will feature modern home designs at affordable prices.
Low-maintenance garden and living spaces have appealed to first-home buyers.
To be built as an in-fill project on surplus land previously owned by a neighbouring retirement community, the new homes are walking distance from shops, schools, recreation areas and Melton train station.
The houses are also bringing a modern aesthetic to the suburb.
Floating timber floors and good natural light will add to the homes’ charms.
Caesarstone benchtops feature in the homes’ kitchens.
A mix of render and lightweight cement frontages will replace the typical brick facade. Inside, the double-storey floorplans range between 150-185sq m and include three bedrooms, an open-plan living area and a single garage as standard. Larger residences have a second living area upstairs and a double garage.
Caesarstone benchtops, floating timber floors, landscaping and European appliances are all included.
Land is due to be titled in October, construction to start shortly after and residents to move in from about April.
Bathrooms have been designed with a light and bright aesthetic.
Three-bedroom houses cost between $370,000 and $469,500.
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