A rising star of Victorian property development and an established developer with ties to three riverside estates on the NSW border are among the investors leading a charge that will see significant growth in Kyabram’s residential block offerings in the next 12 months.
Geelong-based partners Jack Townley and Albert Weddell, from TW Projects, have a number of estates either part developed or in the application stage and will soon turn the soil on their 72-lot River Gum Fields Estate on Brose Rd on the south-west outskirts of Kyabram.
Marginally ahead of them in terms of development is the 34-lot Sun Country Property development on Lake Rd, with one of Australia’s largest construction companies having started work on the site last month.
The two developments represent 100 residential lots, but with the 210-lots at The Edge Estate, the second of several stages at Sunrise Estate almost at construction stage and the plan for a 200-plus lot on the South Boundary Rd-McEwen Rd Kyabram Greens estate the market is about to be inundated with options for prospective home owners.
Sun Country Property, the developer of Kyabram’s Lakeside Estate, is involved in developments at Tocumwal, Cobram and Mulwala.
The developer is now in the eighth, and final, stage of a 236-lot development at Mulwala, while at the same time working on an 82-lot two stage estate at Cobram and an estate at Tocumwal which has 34 lots spread across two properties.
A spokesperson for Sun Country Property said the infrastructure work at Lakeside Estate was being completed by The Winslow Group, one of the most respected, and largest, construction companies in Australia.
He said while the “hold-up” on the Lakeside Estate had been frustrating, all going well the preparation works should be completed and land titled before the end of the year.
Work on the Bluegum Fields 74-lot project has also stepped up, with piping sitting on the land and expected to laid in the coming weeks to start the six-stage development.
Developers TW Projects are also developing land on three different properties at Lethbridge and Moolap (on the outskirts of Geelong), and also at a Yea site.
They also plan to develop land at Nagambie, Colac, Darley (a suburb of Bacchus Marsh) and Ballarat.
There are 18 lots in stage one of the Kyabram Blue Gums Field project, aiming to attract buyers looking to establish their homes on larger blocks.
Eight of those lots are in excess of 2500 square metres in size, while all of the remaining lots are larger than 2000 square metres.
The Brose Rd development also features a reserve in the heart of the first and second stages.
— Sunrise Estate had a sigificant delay to stage two of its development after Campspe Shire Council initially refused a planning permit on the back of concerns from the Department of Transport.
In March this year the three parties were able to find common ground and Massimo Ceellante, Vic Properties director, said the tenders for the second stage were now being finalised.
There are a further seven stages to follow the 33-lot stage two development, with 300 homes expected to be on the site at the end of the project.