In partnership with Yolk Property Group, Jinding Developments has launched its latest project in the Geelong suburb of Armstrong Creek.
Located 10 kilometres from Geelong CBD, the new 94-hectare residential community named Halcyon Armstrong Creek will cater to approximately 1,800 residents with a project completion value of more than $178 million.
Jinding Developments Managing Director, Liz Ronson, detailed that Armstrong Creek is an area of strong interest among homebuyers.
“As Geelong is in a period of strong population and economic growth, it’s the perfect time to be launching our Halcyon Armstrong Creek project to meet the future needs of the area.”
The UDIA Residential Development Index outlines the strong demand for housing in the Greater Geelong area, which requires nearly 2,900 new homes per annum as its population is expected to grow at a faster rate than both the Victorian and Melbourne averages. The report also records the City of Greater Geelong’s median lot prices to be increasing by approximately 21 per cent.
Primely positioned between Geelong and the Surf Coast and connecting to the nationally significant Lake Conneware Wetland System, Halcyon Armstrong Creek will have a focus on nature and the outdoors.
The community will feature 1.9 hectares of passive open space and parks, in addition to waterways, conservation areas and walking trails.
“We are excited to be delivering our first project in regional Victoria as one that focuses on complementing the existing natural surrounds,” said Ms Ronson.
Construction is slated to commence in mid-2020.