Pakenham East’s newest community Averley has broken sale records.
The new suburb is proving itself to be one of the most popular markets within the south-east for first home buyers, with strong demand for property at Averley, Lendlease communities managing director Matthew Mears said.
“The launch of our first 54 lots for Averley was met with record sales, with all lots snapped up within 30 minutes,’’ he said.
“We’re seeing a real variety of buyers, with downsizers, young families and established families coming from both local areas and from the city.
“We’re thrilled to see this level of demand for Averley – it speaks both to the quality of the community and the potential that buyers can clearly recognise in the Pakenham East area.”
Averley will deliver 1500 new dwellings for approximately 4000 residents.
Pakenham East is a newly created suburb fast-tracked by the Victorian Planning Authority in response to the pandemic.
The growth of the suburb will be guided by the recently approved Pakenham East Precinct Structure Plan, and will feature 7,200 new homes.
A $15 billion investment in the Pakenham line will further boost home values in the area by supporting efficient travel to and from the city, with a new Pakenham East train station recently announced.
A wealth of community amenity and 44 hectares of green space will also enhance the liveability of the area, with Deep Creek, Hancocks Gully and two hilltops to be turned into public open space.
The new suburb is set to provide 1300 new jobs and will add more than $1 billion to the Victorian economy over the coming years.
