Pin­na­cle of hous­ing es­tates

Herald Sun - Property - - REGION REPORT - KAMAHL COGDON

NEW hous­ing es­tates in es­tab­lished eastern sub­urbs are hot prop­erty.

With op­por­tu­ni­ties to buy into new es­tates within built-up ar­eas rare, buy­ers are swoop­ing as soon as land goes on sale.

The first 65 blocks in the fi­nal land re­lease at the pop­u­lar Har­crest es­tate in Wan­tirna South sold out within hours of hit­ting the mar­ket last month.

A sim­i­lar re­sponse is ex­pected when the re­main­ing 54 blocks go on sale on Septem­ber 19.

The blocks are part of the 56.2ha mas­ter­planned es­tate’s fi­nal Pin­na­cle re­lease, so named be­cause of its el­e­vated po­si­tion within the de­vel­op­ment.

The Pin­na­cle precinct will also sit op­po­site a lush new park, with some blocks fac­ing the park­land. Mir­vac group ex­ec­u­tive (residential) John Carfi said the fi­nal land re­lease had been brought for­ward to meet strong de­mand.

“Buy­ers have recog­nised that Har­crest of­fers the op­por­tu­nity to build a new home in an es­tab­lished soughtafter com­mu­nity in Mel­bourne’s eastern cor­ri­dor,” he said.

“The com­mu­nity is thriv­ing, with res­i­dents em­brac­ing the vi­brant lo­cal shop­ping cen­tre, ac­tive com­mu­nity gar­den and won­der­ful park­land fa­cil­i­ties.”

More than 400 homes have al­ready been built at Har­crest and it will have 899 homes when fin­ished.

An IGA su­per­mar­ket and other shops have al­ready opened on site and West­field’s Knox shop­ping cen­tre is just down the road.

Res­i­dents will also have ac­cess to 6.9ha of land­scaped park­lands, with bike paths and “pocket parks” built for each stage of the de­vel­op­ment.

Mr Carfi said Har­crest’s en­vi­ron­men­tally friendly fea­tures — which in­clude rain­wa­ter tanks, grey wa­ter gar­den ir­ri­ga­tion and so­lar hot wa­ter sys­tems — ap­pealed strongly to buy­ers.

Buy­ers will have a choice of three block types in the Pin­na­cle re­lease: “court­yard” blocks start at 250sq m and $430,000; “smart” blocks are from 312sq m and $515,000; and “lifestyle” blocks start at 350sq m and $595,000.

For de­tails visit the sales cen­tre on the cor­ner of Har­crest Blvd and Ap­pledale Way, Wan­tirna South, open noon-5pm daily, phone 9695 9400 or go to har­crest.mir­vac.com

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