Stockland Plants $125 Million Community To Grow Affordable And Sustainable Living

Stockland planted the seeds of affordability and sustainability by commencing construction of a new $125 million community comprised of 190 standalone and semi-detached homes, townhouses and apartments.

Located at Stamford Park in Rowville, which is 26 kilometres south east of the Melbourne CBD, the new urban community will include

  • A mix of 23 standalone and semi-detached 4 bedroom homes, each with two living areas and double-car garages,
  • 137 architecturally designed two, three or four bedroom townhouses, all with either single or double car garages, and
  • 30 apartments in a four storey building with dedicated ground floor parking for each apartment.

Stockland worked closely with sustainability groups like the Green Building Council of Australia (GBCA) and Liveable Housing Australia (LHA) to design their new community so it could become a model development for affordability and sustainability.

Homes will achieve an average 7 Star NatHERS rating and will include innovative features such as solar panels, rainwater tanks plumbed for toilet and laundry usage and the garage of every home will be fitted with an electric vehicle recharge point.

“As we strive to get more first time buyers into home ownership, we recognise that modern homes, townhouses and well-considered, low-rise apartments close to transport, parks, good schools and retail facilities will play an increasingly important role in the future of Melbourne,” Stockland General Manager Ben Cantwell said.

“Affordability and sustainable design and construction need not be mutually exclusive. In fact, we’re incorporating the very latest, green energy generation and thermal efficiency measures to ensure all residents can dramatically reduce the cost of owning and running their own homes at Stamford Park over an entire lifetime.”

Stockland estimated that the solar panel systems alone will save the future residents of each home between $1,000 and $2000 in energy costs per annum in perpetuity.

The new 6.3 hectare residential community will seamlessly integrate with the surrounding 45 hectare parkland, wetland and heritage precinct that is being delivered by Knox City Council.

Stockland has committed to work in partnership with Knox City Council to achieve a 5 Star Green Star – Communities rating for the development, under the standards set out by the GBCA.

Stamford Park’s 6.3 hectares of land was acquired from the City of Knox in December 2015 for $17 million.

Nationally, Stockland boasted a national sales rate of approximately 50 per cent to first home buyers, and has identified a future pipeline of more than 2,000 townhouses within its residential communities and at standalone sites.

Image courtesy of Stockland.

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