$250 Million Melbourne Housing Project Jobs Boost

Links Living Limited has announced it has accelerated the construction of the $250 million 500 lot housing project in the south east of Melbourne just four months after releasing its first block of land for sale.

Stephen Head, Managing Director of Links Living, said that whilst some companies may be winding down operations in the current economic climate, they have taken the view that now is a good time to commence new projects in Victoria as they are finding demand is still very strong.

Mr Head said, "The construction of Sandarra will provide hundreds of jobs over the next three to five years with the domino effect of five hundred new homes flowing into all areas of the local economy. We expect to have bulldozers on the ground within the next three weeks."

"Over the past decade we have specialised in developing masterplanned residential estates including our signature golfing residential projects, Sanctuary Lakes Resort and Sandhurst Club. Between them they have generated around $1.5 billion in investment in Victoria and created hundreds of jobs each year.

"Sandarra was launched on 15th November 2008 where the first twenty residents camped out over five days to gain the block of their choice. It has continued to sell at record rates during the economic downturn selling on average at a block a day."

Mr Head said Sandarra, part of Melbourne's only drought proof suburb Sandhurst in the City of Frankston, is one of the fastest selling housing projects in Victoria with over 20% of the 500 lots already sold within three months.

The project has also received support from the Victorian building industry with the commitment of a number of Melbourne's top building companies to the Sandarra Display Village, which will feature 14 specially designed homes.

Buyer profiles showed the majority of purchasers were people who were trading up from established homes in the local region attracted by the current low interest rates.

"With land prices from $165,000 and house and land packages available from $288,700, affordability has been a major driving force in the ongoing sales rate of the project.

"The strong demand for land at Sandarra is also being fuelled by access to a guaranteed green environment through the provision of recycled water to every home for the watering of gardens and public spaces making the project drought proof at a time of tightening water restrictions," Mr Head added.

Media Enquiries:
Ron Smith Corporate Media Communications Links Living Mobile: 0417 329 201