Developer Jinding has begun civil works on its 164-townhouse project south of Geelong
Hot on the heels of the Reserve Bank’s February rate reduction driving buyer interest, Jinding said, it has signed Geelong-based contractor Wellam to begin infrastructure works for the first 45 homes at its Harriott community.
The project is slated for a site at Armstrong Creek, 9.5km south of the Geelong CBD.
Sales volumes increased substantially after the 25 basis point cut, the developer said, and the project moved from minimal activity to consistent weekly settlements. The development targets first homebuyers and downsizers.
Jinding managing director Andrew Ashwood said the project would help address Victoria’s housing supply challenges through medium-density options.
“Townhouses offer an accessible entry point for many buyers, particularly the first homebuyer market who have struggled to get onto the property ladder,” he said.
The Harriott precinct between Harkness Boulevard and Barwon Heads Road is near The Village at Warralily shopping centre anchored by Woolworths and Aldi supermarkets.
Nostra Homes is the construction partner for the project that combines townhouses with traditional housing lots and acreage sites.
Planned amenities include a $2.3-million elevated park spanning 7500sq m and integration with the neighbouring Sparrovale Wetlands.
Construction will proceed in stages and the initial 45 townhouses are expected to reach completion within 18 months.
Armstrong Creek continues to attract development investment thanks to its growth corridor status and infrastructure connectivity.
The suburb’s expansion supports government objectives for urban consolidation and housing supply increases.
Jinding has completed its inaugural Melbourne masterplanned estate at Cranbourne's Junction Village, dubbed Octave, delivering 321 lots across 29ha for a gross realisation of $127 million.
The developer sold out the project in 37 months—84 per cent of sales were during the pandemic as buyers migrated to peri-urban locations.
The company has a $2.3-billion development pipeline spanning Victoria, South Australia and Queensland, targeting fringe growth areas and established markets with constrained supply.
Recent acquisitions include sites at Dennington, Broadford, Tatura and Mount Barker, and active projects include sites at Greenvale, Wollert, and Kilmore.
