SIG Group secures Tarneit land and townhome site, plans 2,300 lots
The Melbourne-based property development and investment group, SIG Group, has acquired a second site in Tarneit, in Wyndham's booming growth corridor.
The 162 hectare site will see another 2,300 lots added to SIG Group's pipeline in the area.
Located within the Oakbank PSP, the site will offer land and townhomes, with premium lots fronting parks and the riverfront.
Located a stone’s throw from the new $150 million Wyndham City Stadium, set to be a major activity centre for Melbourne’s west, the estate will also benefit from the proposed Sayers Road train station, with the State Government set to fast-track construction to service the future stadium and growing suburb.
Director at SIG Group Hugh Lu said the new project will provide an unrivalled offering in regards to amenities and green open spaces, with the Werribee River running along the site’s western edge.
“Future residents will have access to state-of-the-art amenities, right on their doorstep, while immersing themselves in nature via purpose-built wetlands and river frontages.
“The future Sayers Road train station means residents will be highly connected to Melbourne’s CBD, while being walking distance to the major activity centre of the Wyndham City Stadium.”
The acquisition signals the second Tarneit site for SIG, following the acquisition of a 56-hectare site on Derrimut Road earlier this year.
Known as Harlow, the master-planned community will dedicate over 10-hectares to a future sports reserve, waterways and wetlands, and to create a local park.
With just under 30-hectares of developable area, Harlow is expected to comprise around 600 lots and will offer land, as well as premium medium density townhouses, including premium homes with direct frontage to waterways and parkland.
Over 12-hectares will be retained by Al-Taqwa College to develop a new campus, while the Islamic-schools’ Truganina campus is just a short drive away. A government primary school is also earmarked for the site and a future community facility.
“Tarneit is a rapidly expanding suburb, with the population forecast to grow exponentially over the next 20 years, these two sites collectively will cater to this population boom,” Lu added.
According to the ABS, the population of Tarneit is forecast to increase by 229.5 per cent between 2018 and 2041, with the number of people living in Tarneit increasing to 115,763 within 20 years time.