Development Victoria is delivering much-needed housing in the growing west, where the construction of 86 homes in Stage 1 of its LUMA residential development has surpassed 60% complete and is on track to welcome its first residents in early 2025.
Melbourne based SAW Constructions is delivering the first two stages of the development, with construction on 85 homes in Stage 2 also now underway.
Group Head Housing, Penelope Forrest, said LUMA is accommodating future growth in Melbourne’s booming western suburbs while also making home ownership more accessible.
At LUMA we are opening the door to a broader range of income levels to enter the property market.
Penny Forrest
Group Head, Housing
“Just a 2.5% deposit is required upfront to secure a home in Stage 2, and a further 2.5% deposit six months after signing a contract, with no progress payments required during construction – meaning buying a house is more accessible to a wider range of incomes."
“Homes in Stage 2 will be ‘all-electric’ with a range of sustainable features to achieve a minimum 7-star energy rating, meaning residents save on their energy bills.”
Sustainability features include solar PV systems with battery storage, double glazed windows, and heat pump hot water services.
Works are underway on Willowbark Reserve, a 3,600 square metre park that is set to become a key feature of the new development that offers the surrounding community more open green spaces to enjoy.
Willowbark Reserve will be a key feature at LUMA. Incorporating existing trees within the area, it will feature a fully equipped children’s playground, sheltered BBQ facilities, a picnic area and open spaces for recreational activities.
For more information on the project visit the LUMA Sunshine North webpage.
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View allUpdated on 03 October 2024