Idyllic Wallarah Pitch A Natural

Newcastle Herald

Saturday April 1, 2006

By ALYSSON WATSON

SYDNEY residents have had first dibs on Stockland's premier Lake Macquarie land release at Jetty Point, on the Wallarah Peninsula south of Swansea, with advertisements running in Sydney media last week.

Buyers are invited to register their interest in blocks of land and house and land packages in the first release of Stockland's $500 million Wallarah Peninsula project, which will eventually span both sides of the Pacific Highway and include 2000 homes.

Stockland started physical works on the eastern shores of Lake Macquarie about eight months ago and expects to have its first subdivision registered with the Land Titles Office soon.

Strict eco-friendly design guidelines and exhaustive land studies won the developer the support of environmentalists and politicians, and the company donated 200 hectares of land for conservation.

The ad for Jetty Point has the catchphrase "live surrounded by nature", and says the land, just 90 minutes from Sydney, is suitable for an "idyllic weekender or ultimate sea change".

Stockland's website says public release is planned for October, but pre-release homesites are now available. Block sizes range from 483 square metres to 1.1 hectares. Prices are not available.

Staking Landcom claims

A DOZEN parties registered quick interest last week in a 1.7-hectare parcel of Landcom land on the other side of the Pacific Highway, near Catherine Hill Bay, that abuts the southern boundary of the Stockland-owned land, earmarked for further development.

The parcel, being offered for sale by tender through Shaun Elms, of Century 21, Swansea, is also adjacent to land owned by Coal and Allied, which is within a corridor that residents want to see designated as a national park.

The 17,768 square metres comprises nine lots zoned 10(a) sustainable mixed use development, meaning it could be developed for housing which is sensitive to the environment under the Lake Macquarie Environmental Plan 2000 Wallarah Peninsula.

Mr Elms said inquiries had come from developers and investors, some of whom intended to "land bank the land", waiting to see the outcome of planned development.

The Landcom parcel has access from Pacific Highway and Flowers Drive and is 800 metres from the ocean.

Consideration would need to be given to providing services such as power and water.

Tenders close on April 28.

Bay blocks floated

THE Spastic Centre of NSW is selling eight blocks of land around its Croudace Bay centre, listing agent Rob O'Brien, of LJ Hooker, Belmont, said.

The blocks ranged in price from $220,000 to $275,000, and are big enough to take duplex development, ranging from 636 square metres to 837 square metres.

Mr O'Brien said another boutique release, Flora Grove, off Floraville Road, Floraville, was ideal for duplex development.

Five blocks, in a subdivision owned by the Gatt family, were about 600 square metres, with the 20-metre frontages necessary for duplex development, he said.

They step up the hill, ranging from $240,000 to $250,000, and are semi-rural, with distant ocean views from the top of the street.

Easy living the key

STAGE two of the boutique Sherwood Park Estate development in Elermore Vale is off to a good start, with five of the 14 town houses already sold off the plan.

Listing agent Paul Garland, of Ray White Hunter Projects, said the development was appealing because the town houses were freestanding and covered by Torrens title and community title.

Two-bedders are priced from $229,750 and three-bedders start at $335,750.

Construction is by Cavalier/Excellence Homes for the Sterling Property Group, local developers who have similar projects in Georgetown and Cardiff.

Stage one includes four completed Torrens title homes, similar in style to the town houses due for completion in 12 months.

While plans can't be altered, buyers have some say in colour schemes. Homes will be finished with floor coverings, appliances, window coverings, remote-control garage doors and split-system air-conditioners.

Mr Garland will be on site today from 2.30pm to 3.30pm.

© 2006 Newcastle Herald

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