News
AVID bolsters portfolio with $68 million Hillstowe project
July 18, 2019 | IN Media Release and News | BY Holly Brennan | 2 min read
AVID Property Group (AVID) has strengthened its foothold in Victoria with the acquisition of nearly 14 hectares of land in Officer for Hillstowe, the newest addition to AVID’s growing portfolio of exceptional residential communities across Australia.
Building on the success of their Bloomdale at Diggers Rest and Savana at Wyndham Vale communities, Hillstowe is tipped to be the developer’s most intimate community, with only 204 exclusive lots nestled in the Cardinia Shire’s most sought after pocket.
AVID Property Group General Manager Victoria, Peter Vlitas said the acquisition forms part of AVID’s growth strategy in Victoria and supports the national goal to grow and diversify the company’s value by 2021.
“There is an increasing demand for greenfield sites in Victoria in particular the south-east corridor, where there is a lack of supply”.
“Our Hillstowe development is in the prime position, surrounded by several local schools, within easy reach of health services, close to retail outlets and the Officer train station,” Mr Vlitas said.
“We have found regional sites such as Hillstowe are growing increasingly popular as buyers migrate from inner city locations in favor of more affordable country-style living.
“With the breathtaking Dandenong Ranges and Beaconsfield Nature Conservation reserve right on the doorstep, Hillstowe is the perfect place for those seeking a lifestyle connected to nature.”
A future central park is also planned for the development, conveniently located within 400m walking distance of each residence.
“Hillstowe Village Park will be the centrepiece of the community, equipped with Wi-Fi use when exercising or entertaining in the shared space,” he said.
The first lots are expected to settle in March 2020 with the development anticipated to reach completion by November 2021.
For more information on land now available and future land releases at Hillstowe, visit https://register.avid.com.au/hillstowe/or phone 1300 159 138
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