Melbourne Buyers Migrate to Warralily

When: Thu 11 Aug 2016
Melbourne Buyers Migrate to Warralily

 

If you happen to live in Australia's largest city, then price rises have been particularly extreme over the past year. We have seen stories of rapidly rising home prices in Melbourne that are taking homebuyers’ dreams further out of reach and many homebuyers aren't being lured into bidding against property investors or International buyers to pay overinflated prices for a home.
REIV chief executive officer Geoff White said, “For buyers priced out of their chosen area, it’s worthwhile looking at regional areas which may offer lifestyle opportunities and amenities without the premium price tag.” “Buyers are increasingly looking for value and these new growth areas continue to offer that as well as first class amenities,” White said.
Price and location, affordability and lifestyle often times will go hand in hand. Sure, price and affordability is paramount, but lifestyle and location will dictate everything else in the transaction.
So, buying a block of land at Warralily and building their dream home has become an affordable reality for the many that have been squeezed out of the Melbourne home market. It has merit and offers value in a time when home ownership was out of reach. But, without doubt, location and lifestyle has enticed this group of Melbourne buyers to pull up stumps and relocate to Warralily.
Warralily General Manager Mark Whinfield said, “Warralily appeals to people who are looking for that relaxed, coastal lifestyle but still want the convenience of close proximity to local shops, schools and childcare and with easy access to Geelong and Melbourne.”
  • Almost one third of Warralily is dedicated to open space.
  • In line with the estates environmental focus the 82 hectares of parklands, conservation reserves and waterways will be protected and rejuvenated to their natural form.
  • The reinvigorated Armstrong Creek will provide a community centrepiece and supply 4.5kms of creek frontage.
  • Active residents will be well catered for with 7 football ovals; 3 soccer ovals; 22 netball courts; 9 tennis courts; lawn bowls facilities; designated open space areas; a multi-purpose stadium and pavilions included as part of the three active recreational areas within Warralily.
  • Warralily is Geelong’s first master planned community. Families will benefit from the convenience of neighbourhood parks, shops, schools and community centres all interconnected by walking and cycling trails.
  • Water conservation is a top priority at Warralily, with storm water and rainwater collection, recycled water and drought resistant landscaping being an integral part of the master plan.
  • Warralily residents will also benefit from an advanced fibre optic network connecting residents to high speed broadband.
  • Residents are just a ten minute drive from Torquay’s famous beaches, the award winning wineries on the Bellarine and Geelong’s evolving CBD and waterfront.
  • Warralily also benefits from close proximity to the Ring Road providing a direct 60 minute link to Melbourne.
  • The nearest station at Marshall only a five minutes away and is serviced by bus links on Barown Heads road.
All of this plus a growing and engaged community of 4500 with community events and programs bringing people together to develop connections and a sense of belonging; it’s no surprise that Warralily is now home to a substantial group of ex-Melburnians.

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