Media Release

Sanctuary Lakes Resort

Sanctuary Lakes Club and Resort Real Estate Director Ruth Ritchie said the announcement of the last four stages has caused much interest among land buyers.

"The last four stages includes waterfront, parkland and traditional homesites for the public to choose from. We expect strong interest in this land with the open space views."

Ms Ritchie said people buying onto Sanctuary Lakes are generally making their decision based on the quality of the environment linked to the extensive open space, the lake and the championship Greg Norman designed 18 hole golf course.

"30% of all land at Sanctuary Lakes is either on the waterfront or on the golf course with a series of parks and reserves throughout the project. 50% of the entire project is public open space."

Ms Ritchie said that in an increasingly bullish property market Sanctuary Lakes will continue to increase its premium position as people recognise projects such as Sanctuary Lakes will never be built again in Melbourne so close to the CBD because of planning and land availability constraints.

"Both waterfront and golf course land is a very limited commodity, particularly in such close proximity to the CBD and this scarcity will have a significant impact on property values over time."