The Marshal Place precinct was supposed to be home to Williams Landing’s final lots and townhouses, but high demand could lead to more.
The developer of a suburb-sized area in Melbourne’s west is looking for ways to add more townhouses and land lots after strong sales for what was supposed to be its final release.
After 12 years, Williams Landing was expected to have its last 44 land lots and 36 townhouses sold as part of its Marshal Place precinct.
But developer Cedar Woods is now considering other ways it could add to the estate that has replaced RAAF Base Laverton.
RELATED: Williams Landing goes up a level with new tall tower
COVID-19: Treasurer Tim Pallas hints at real estate lifeline
Steadfield Melton South selling houses at half Melbourne median
State manager Lloyd Williams said increased government incentives had turned first-home buyers into a “strong buying force” with a big appetite.
“The lots started out very standard and we have increased the diversity and density as a conscious decision,” Mr Collins said.
“What we thought was the masterplan 10 years ago has to change with the times. And there’s a continuing appetite for that more affordable product where you do have a smaller garden.”
The townhouses are designed with multiple living spaces in mind.
The Marshal Place precinct is set in the development’s 50ha town centre and will feature three- and four-bedroom townhouses as well as blocks of land ranging from 182sq m and 294sq m. Almost half have sold.
Engineered stone benchtops and mirrored splashbacks will feature in the kitchens, bathrooms will include semi-frameless glass and engineered stone benchtops.
All of the homes are priced well below the suburb’s $680,000 median house price, and affordability is a key part of the development’s future plans.
Engineered stone benchtops and mirrored splashbacks will feature in the kitchens.
“We always wanted Williams Landing to be an inclusive community, somewhere for young families to lay their roots, so diversity of product has been key to our masterplanning to ensure supply meets demand,” Mr Williams said.
Additional apartment and office space projects will be developed in the suburb over the next 10-15 years.
Mr Collins said more than 2000 people were employed across a few hundred businesses in Williams Landing, and 8381 now called it home.
Three-bedroom townhouses are priced from $567,500-$625,000 and four-bedroom homes from $572,500-$630,000. Land starts at $370,000.
Designs cater to a variety of layouts.
MORE: Summer Housing: How young people can get out of aged care
Noel Jones runs competition to help pay winners’ rent, mortgages
Melbourne inspection ban poses ‘extreme threat’ to $26b home building industry
The post Williams Landing house and land sales could extend due to demand appeared first on realestate.com.au.