Mirvac on Track to Redevelop Scoresby Austral Bricks Site into 1000 Lot Estate

Mirvac expectsmarketing to start in early to mid 2010, and once it settles on its $100 million deal with Austral, which sold the site in late 2007 on a long settlement.
 
Mirvac agreed to purchase the quarry, after entering the last stages of its successful $1 billion Waverley Park village in nearby Mulgrave, and on the grounds of the former Waverley Park stadium.
 
Earlier this month, another infill suburban development site was listed for sale – the 48 hectare Eastern Golf Course in Doncaster – which is expected to fetch between $90 million and $100 million as a residential development site.

 

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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