Golden Age Moves Ahead with Next Stage of Box Hill Scheme

Golden Age Group has launched its second release at Wembley Hill, banking on renewed market confidence and recent policy changes to drive sales momentum in Melbourne’s eastern suburbs.

The developer this month unveiled the Amber Collection comprising 48 townhouses designed by Cox Architecture, hot on the heels of the Reserve Bank’s latest interest rate cut and expanded Victorian Government off-the-plan incentives offering stamp duty savings up to $60,000.

Golden Age Group development director Damien Hehir said the release came at a time of renewed confidence in the market, “with stronger auction clearance rates and increased enquiry in the lead-up to spring”.

“We’re seeing buyers move quickly to secure quality homes in established locations,” Hehir said.

The developer acquired the 50,116sq m Box Hill South site for $61 million in 2021 and is now progressing the project that has an estimated development cost of $67.9-million through staged releases.

Construction of the first phase’s 59 townhouses is already under way by Figurehead Construction—completion is due in the third quarter of 2026.

The broader masterplan would deliver 147 homes across seven development stages on the former Hays International College site at 15 Hay Street, 15km east of Melbourne.

Cox Architecture director Philip Rowe said the design aimed to invite landscape elements while respecting the natural Gardiners Creek environment through warm masonry and timber accents.

▲ The Cox Architecture-designed project features sustainability initiatives and connects to Gardiners Creek Trail.

“The Amber Collection draws direct inspiration from the liquidambar trees that will line Wembley Hill’s streetscapes, bringing seasonal colour, character, and a unique sense of place to the community,” Hehir said.

The development strategy focuses on family appeal in part due to its proximity to Box Hill Central, schools and recreational amenities.

Nearly half the site is to remain as green space, including 13,000sq m of landscaped gardens connecting to the nearby Gardiners Creek Trail.

Golden Age’s broader pipeline includes completing the 130 Little Collins Street office project, a recently approved $42-million mixed-use tower and the Sky SQR mixed-use development at Box Hill.

The company has also advanced settlements for its Glen Waverley Floret project while progressing luxury residential developments at Brighton.