Hart

Project Location

The subject property is located approximately 50km north of the Melbourne Central Business District (CBD) and is part of an emerging urban residential market. At the heart of this vibrant locality is the Hidden Valley Golf Course and Country Club which features an 18 hole golf course designed by championship golfer Craig Parry, with a reputation as the best course north of Melbourne.

Project Development

It offers a range of social and recreation options, making the surrounding land for sale the best option north of Melbourne.

In close proximity, there are also educational facilities (primary and secondary schools), recreational facilities (Wallan Recreational Reserve, Wallan Bowling Club), shopping centres, supermarkets, specialty shops and the Wallan railway station.

Project Loan Details

The purpose of the loan is to assist with the purchase of the subject property that is located on a growth corridor. The growth corridor market has witnessed significant growth since the start of 2021 spurred by serviced lot price increases in response to pent up demand from purchasers delaying purchasing decisions during the height of the pandemic in mid 2020. This was further supported by Government incentives which stimulated sales and demand to elevated levels.