There aren’t many suburbs where you can snare a piece of Melbourne land for $155,000.
But you can get your hands on a 231 square metre block in Weir Views, near Melton West, for just that.
EIG Developments is transforming 57 hectares of land in the newly-minted Opalia estate, in Weir Views, into an affordable housing hub.
Over the September 22-23 weekend, 31 housing lots ranging in size from 231 square metres to 670 square metres, and priced from $155,000 to $420,000, were released to the public.
Opalia Estate manager Shivi Modgil told Star Weekly that 250 people turned out for the land release. Thirty buyers paid a deposit on the day.
“To be honest, the buyers were a mix of [all demographics],” Mr Modgil said. “A lot of first home buyers, residents from the area … investors.”
The estate will eventually include an $80 million shopping precinct, sports grounds, and land has been earmarked for primary and secondary schools, according to Mr Modgil. The shopping centre will feature major supermarkets and retailers, including Woolworths, Aldi, Chemist Warehouse and McDonalds.
The estate will eventually comprise 586 houses, with the next land release is expected to be in the next six weeks.
“We will have price increases as we start selling more and more,” Mr Modgil said. “The first couple of releases we wanted to try and make it as affordable as possible.
“We are hoping we can have prices around the same, but we can’t say for sure.”
For more information, visit www.opalia.com.au or call Mr Modgil on 0432 695 588.