in News

Buyers snap up land at Ridgelea

The first land release at Parklea’s Ridgelea development at Pakenham East sold out within minutes signalling strong demand for quality blocks on the periphery of the growth corridor.

More than 300 hundred buyers registered interest in the 17 lots which comprise the balance of stage 2. When completed, the second stage will also include a display village, land sales office and park.

Parklea Sales and Marketing manager Jarod Mills said Ridgelea, which will eventually be home to 3000 families, was “starting to take shape” with work on the first 100 home sites “well advanced”.

“The speed with which the first blocks were snapped up on 13 April shows that there is still strong demand for residential land in the growth corridors. Buyers are keen for land in which they can build a brand new home with advantages like high speed internet to each property. It puts moving to the outer South East and achieving a work/life balance within reach of so many people,” Mr Mills said.

Sales consultant Laura Phillips had the happy task of telling the successful buyers they had secured their dream home sites.

Mrs Phillips said the profile of buyers was a mix of those just starting on the property ladder, upgraders as well as downsizers with ages ranging from their 20s to retirees in their 60s.

“Most of them already live in surrounding suburbs within Cardinia and Casey. However, we did have a young couple currently living in the CBD purchase a lot. One of them grew up in Nar Nar Goon North and wanted to be close to family, they had a sentimental connection to the area,” she explained.

Mrs Phillips said the overwhelming emotion among buyers was excitement, closely followed by gratitude.

She said one lady was almost in tears on hearing the news, such was her relief at having secured a lot.

“When I spoke with buyers they were very grateful that they were able to get a block considering there is a shortage of land at the moment. They were grateful to be able to purchase in a Parklea community knowing what we had done at Timbertop and Kaduna Park,” Mrs Phillips said.

“One of the buyers has family building at Kaduna Park so they were aware of what Parklea stands for and delivers. And those buyers new to us were certainly drawn to Parklea by our points of difference including the generous solar and landscaping incentives.”

Having secured land so early in the development, the lucky 17 have more than 12 months up their sleeves to decide on a builder settle their floor plan and continue saving for their dream home. Title registration on stage   is expected late next year.

 Mr Mills said the next “much bigger” land release at Ridgelea is slated for June.

“We anticipate the next release to be just as sought after as word spreads about what a fantastic community is being created at Pakenham East. Ridgelea is going to be a great mix of country living close to suburban amenities including new schools, a shopping centre and transport, including a new Pakenham East train station.”