From Stockland:

Stockland today started construction of a new $125 million community comprising a total of 190 standalone and semi-detached homes, townhouses and apartments at Stamford Park, Rowville, 26 kilometres south east of the Melbourne CBD.

The new urban community will include a mix of 23 standalone and semi-detached 4 bedroom homes, each with two living areas and double-car garages; 137 architecturally designed two, three or four bedroom townhouses, all with either single or double car garages, and 30 apartments in a four storey building with dedicated ground floor parking for each apartment.

Stockland has worked closely with sustainability groups, the Green Building Council of Australia (GBCA) and Liveable Housing Australia (LHA) to design the new community to be a model development for affordability and sustainability.

Homes will achieve an average 7 Star NatHERS rating and will include innovative features such as solar panels, rainwater tanks plumbed for toilet and laundry usage and the garage of every home will be fitted with an electric vehicle recharge point.

Ben Cantwell, General Manager Medium Density and Completed Homes at Stockland, said: “As we strive to get more first time buyers into home ownership, we recognise that modern homes, townhouses and well-considered, low-rise apartments close to transport, parks, good schools and retail facilities will play an increasingly important role in the future of Melbourne.”

“Affordability and sustainable design and construction need not be mutually exclusive. In fact, we’re incorporating the very latest, green energy generation and thermal efficiency measures to ensure all residents can dramatically reduce the cost of owning and running their own homes at Stamford Park over an entire lifetime.”

Stockland estimates that the solar panel systems alone will save the future residents of each home between $1,000 and $2000 in energy costs per annum in perpetuity.

Councillor Darren Pearce, Mayor of Knox City, said: “We’re pleased to see the commencement of this landmark development. Stamford Park at Rowville has the potential to become one of the most sought-after addresses in Melbourne. And thanks to its strong sustainability focus, it will also be one of the most environmentally friendly communities ever developed in Melbourne.”

Stockland acquired the 6.3 hectare Stamford Park site from the City of Knox in December 2015 for $17 million.

Nationally, Stockland sells approximately 50 per cent of its residential lots and completed homes to first home buyers. Stockland has commenced construction on more than 600 townhouses in Sydney, Melbourne, Brisbane and Perth during the last 12 months. It has also identified a future pipeline of more than 2,000 townhouses within its residential communities and at standalone sites.

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