Developer Pays $90 Million For 256 Hectare Melton South Site
A bluestone homestead will be retained as part of the redevelopment, much in the same way the former Baillieu family’s Eynesbury homestead – not far from Melton South – is the centrepiece of a major redevelopment of the same name, homes of which are currently under construction.
Waterford has an end value of $1.2 billion, and will include high density housing, as well as homes on traditional-for-the-area sized blocks, fo about 680 square metres.
Last week the government closed a major review affecting 2400 hectares of land, east of Melton South, to Leakes Road.
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