Sunbury development site fetches c$25m

About two thirds of 50 Buckland Way (shaded) is developable.

A Sunbury farm recently rezoned for housing has sold to a private Sydney builder for a speculated c$25 million.

At 50 Buckland Way, the 19.19 hectare block, of which two thirds (12.6ha) is developable, was promoted for its potential to yield c225 lots.

A Chinese developer recently purchased 60 Redstone Hill, Sunbury (marked).

Near the Calder Freeway Vineyard Road exit, the land forms a central part of the Sunbury South Precinct Structure Plan, abutting another 19ha property (40 Buckland Wy) earmarked for a government primary school.

Also neighbouring the site is a 9.3ha holding (45 Buckland Wy) controlled by Oreana Property Group and set to make way for the Harpers Creek Town Centre, with over 5000 square metres of retail.

A train station is planned about 600 metres away.

Savills’ Julian Heatherich, Benson Zhou and Nick Garoni marketed 50 Buckland Wy.

Sunbury gets crowded

More than 19,000 homes are due to be constructed over the next two decades as part of the Sunbury South and neighbouring Lancefield PSPs, which were introduced in 2019 (story continues below).

Villawood controls the biggest master-planned community there to date – Redstone, at 675 Sunbury Rd, set to contain over 2000 homes and a town centre.

Another c1700 dwellings will be delivered as part of Capitol Property’s Everley estate at 725 Sunbury Rd.

The Millet family also control a large site in the area – 100 Vineyard Rd, of which about 1000 of 1300 proposed lots have been subdivided.

APPH, Lauders Group, Optimus Developments, Oliver Hume and RCL Group also hold building blocks in the pocket.

Sunbury is about 40 kilometres north west of Melbourne.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of