Melbourne’s South East greenfield market set to see influx of supply

Melbourne’s South-Eastern growth corridor has traditionally been a very strong performer in the greenfield land space, however in recent times has seen an under supply of pipeline stock. This is set to change with a significant new masterplanned community set to launch in late 2019.

Developed by Balcon Group, a Melbourne based property developer with project marketing and sales by Core Projects this mammoth project of just under 5,000 lots is set to dramatically increase the supply of land in the South East.

‘We are absolutely thrilled to be working with Balcon Group to deliver this landmark community to Melbourne’s South East. When it launches this project will be the largest estate in Melbourne’s South East, and will set a new standard for the region as a project with a strong focus on building a meaningful community centered around the arts, culture, and family.’

James Thomas, Managing Director

“One of the key pillars of this project is its genuine focus on celebrating culture and community and for that we really needed a sales team that aligned with our values as a developer as well as the project’s. The team from Core was a natural fit with their own strong internal culture, coupled with their deep understanding of the South-East and best practice project marketing for masterplanned communities.”

Jason Shaw, General Manager, Balcon Group

Future pipeline set to see further growth

The future pipeline of projects in Melbourne’s South East will be further bolstered by a number of significant land transactions within the region.

In an off-market transaction with a major ASX listed property developer and construction giant, brokered by Kane Malcomson of Core Projects, an 83ha cattle farm in the Pakenham East PSP will be transformed into a master planned community, with lot sales within this estate set to commence late 2019.

This is the fourth off market transaction brokered by Core Projects in Melbourne’s South East in the past 6 months, with the company also facilitating the transaction of two large farms in Clyde to NPP and Pask Group, and another to Bauenort in Pakenham