Pictured Above: Montview Estate Site
Sydney developer, Potter George Group, has purchased a 25.6-Ha site in Craigieburn for $76 million, paving the way for a major new residential community to be known as Montview Estate.
With a focus along the eastern seaboard, Potter George specialises in residential, retail, industrial and commercial developments. The Victorian site located at 1300-1320 Craigieburn Road, 26km north of the Melbourne CBD, will be developed into a 475-lot residential subdivision around a community park with an end value of more than $200 million.
The Montview Estate development is placed just 9km south of Potter George Group’s highly successful 625-lot Trijena estate in Mickleham, which is now 100% sold.
Potter George Group sales manager and licensed estate agent, Jan Anthony, said the new venture would help meet the unprecedented demand for quality land in Melbourne’s relatively affordable growth corridors.
“Featuring a range of lots sized to suit a variety of home designs, Montview Estate will be home to around 475 families,” Ms Anthony said.
“Set around a community park, the estate is located in Craigieburn, Melbourne’s pre-eminent growth area with only a 25-minute commute to the CBD, while Melbourne Airport is just 10 minutes away.
“Demand is incredibly strong in this well-established family area with a host of schools and colleges, shopping and medical centres, employment options, cafes and sports facilities within a short drive,’’ she said.
Construction on Montview Estate is expected to commence in July 2023.
