Out With The Old at Phillip Island

Blocks within the housing estate – to be known as WhyteSands – have been for sale since early last year.

It is competing for limited buyers with several new housing estates recently permitted for development in Cowes, including one controlled by Sydney giant FKP. The Grollo family recently successfully applied for a major subdivision to part of a historic property it owns in Cape Woolamai.

AMP originally planned to replace the farm with a 195-lot aged-care village but changed its mind after former health minister and now Attorney-General Nicola Roxon confirmed she would shut the island’s only hospital, rather than honour a $2.5 million lifeline offered by the Howard government.

 

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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