DEVELOPER Blueways Group can capitalise on the 700 plus enquiries it has received for its new Taylors Run estate in Frasers Rise after gaining development approval from the Melton City Council.
With permits now in place Blueways Group will start the registration of interest period.
“It has been a thrill to see Taylors Run already piquing the interests of buyers, particularly under the current economic pressures we are facing. Coupled with Federal Government grants and stimulus packages, we hope that this development will help first-home buyers, families or young couples achieve their dream,” said Andrew Wyatt, Blueways Group development director.
The estate is made up of over 600 land lots across multiple stages, sitting by neighbouring suburb Plumpton which has recorded 938.6% population growth over the past five years, according to CoreLogic, buyers are looking to take advantage of the regions ongoing growth.
Taylors Run will have access to both amenities in Caroline Springs and bordering an extensive 50,000sqm of wetlands and 40,000sqm of waterways, with almost 100 homes having waterway frontage.
Blueway Group intends to work with landscaping experts to preserve the natural habitat and add native flora across the wetlands with Wyatt emphasising walkability and green spaces amongst the factors that have led to strong interest in the estate.
With neighbouring properties worth an average of $625,000, Taylors run will offer a limited number of three to four-bedroom town homes, designed by DKO Architecture, selling for $450,000 and professing “an exceptional use of space and light compared to similar products available at that price in nearby suburbs.”
Wyatt believes that “purchasers want a low maintenance home, but also one that has highly considered finishes. They want a home that can accommodate the flexibility of a modern lifestyle with spaces that can adapt for different uses, such as a home office for those embracing remote work life”.
Blueways Group schedule of projects should house more than 4,500 dwellings and 12,000 people by 2025.