A new sales record has been set at Atherstone, a masterplanned community developed by Lendlease in conjunction with joint venture partner Melton City Council.

On Saturday, in its biggest land release to date, Atherstone hosted a crowd of approximately 450 people as 77 lots were snapped up in a matter of hours through a public ballot.

Atherstone has achieved excellent sales since the start of this year, with the last six land releases having been sell-outs on the day.

The project is on track to achieve almost 500 sales between January and June 2017. The weekend’s release was the last opportunity to purchase land in Atherstone’s highly sought after Settler’s Creek precinct, which includes some of Melbourne’s most affordable land starting at just $131,000, through to premium park and creek-facing lots.

Managing Director of Lendlease’s Communities business, Matthew Wallace, said he was thrilled with the weekend’s result. “This terrific result is evidence of the demand for affordable, high quality living options with excellent access to local infrastructure”, Mr Wallace said. “Atherstone is a prime example of the growing population in the outer suburbs, and our commitment to early delivery of community infrastructure and facilities has proven very successful.

“Atherstone is truly taking shape and we are helping create new landmarks and places that ultimately all of Melton will enjoy. We are investing in the infrastructure needed for a surging population such as the Western Business Accelerator and Centre for Excellence (BACE) to promote and support small local business; Bridge Road Children’s and Community Centre; and the first stage of the $11.3 million Regional Sports Precinct.”

Located just over 35 kilometres west of the Melbourne CBD and surrounded by natural wetlands, lush parklands and bordered by a picturesque creek, Atherstone will be home to approximately 14,000 residents upon completion. Over a quarter of Atherstone will be dedicated to conserving local habitat and indigenous heritage sites with open-space parks, ovals, gardens, waterways, hike and bike trails and a 100 hectare regional park – 50 times the size of the MCG in development.

Source:Lendlease

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