Leading Melbourne agents Christian Ranieri, Peter Kilkenny & Zaynoun Melhem of RPM Real Estate Group have unveiled one of the most remarkable infill development opportunities the market as seen in 2017.
Situated on Craigieburn Road East, Craigieburn only 23kms north of Melbourne’s CBD and 25 minutes from Melbourne Airport, this highly valuable land holding of 153 hectares has been identified as a premier residential subdivision (STCA) opportunity.
With the capacity to deliver 1,700 residential lots (STCA), the location of this landholding adjacent to Craigieburn Railway Station and a shopping precinct present the perfect opportunity to create a premier master planned community within the tightly held Hume corridor.
As part of the City of Hume, Craigieburn has developed significantly and currently boasts a growing population of 50,000 plus residents. Its amenities and infrastructure are substantial and include major retailers within 2 large shopping centres, a large-scale Leisure Centre, sports fields and multiple public transport options providing connectivity to the CBD and local employment centres.
This landholding represents a once in a lifetime opportunity to secure a large scale development site within Melbourne’s burgeoning Northern Corridor and create an iconic master planned residential community said Christian Ranieri of RPM Real Estate. Craigieburn currently has a median lot price of $313,000 and has risen 28% over the last 12 months. With strong anticipated population growth supporting increasing demand for new homes price growth is expected to continue throughout Victoria.
As the last large scale site in Craigieburn, this ideally located parcel of land presents an unrivalled development opportunity for the market.