Westwood looks to extend success of 2020, with positive outlook for 2021

Share

Share on facebook
Share on twitter
Share on linkedin

Despite a difficult 2020 for everyone, there have been positives to take away for local Westwood families. The resilience of locals in the wider Melton area was a constant throughout 2020, and despite the many challenges, a genuinely caring community has begun to emerge.

The Westwood Estate Managers were endlessly appreciative to the local community for both their patience and support throughout last year and have reported a positive outlook for 2021.

Working alongside purchasers, the Westwood team supported the neighborhood through constant communication and worked to provide stability around the construction and timely delivery of each stage, even during the toughest lockdown period. Beyond this, the team have extended assistance for purchasers to achieve settlement, and also extended the time for soon-to-be residents to apply for landscaping incentives.

Westwood’s Sales and Marketing Manager, Michael Ching says, “While 2020 was tough, it would be remiss not to make special mention of the positives that have come from such a difficult year. Namely the sense of community we are creating with the new locals of Westwood. There is a real sense of neighbourly goodwill amongst the first residents who have moved in, and future residents too. We look forward to seeing this blossom in the coming years as more and more move into their new Westwood homes.”

Throughout the 11 months to November 2020, the Westwood community grew further with 191 new home buyers choosing Westwood as their preferred residential estate to live and build their new home. This puts Westwood as one of the five fastest growing residential estates in the Melton growth corridor.

There were several economic incentives that along with the quality of the project, assisted with Westwood’s success through the unpredictable 2020 year. The $25k HomeBuilder Grant has somewhat assisted both owner occupiers to quickly snap up the release of Westwood beautifully designed townhouses.

State Government’s initiative to cut stamp duty by 25% for all vacant residential land transactions from 25th November 2020 to 30th June 2021 will further contribute to to Westwood’s success in 2021 Purchasers have reported Westwood’s accessible location as the top reason for purchase, followed closely by affordability. The median land price at Westwood is $316,500, which is very attractive for buyers who want to build their new home. The certainty of construction commencement and timely delivery of land is also an important factor that purchasers valued.

Looking ahead to the rest of 2021, the Westwood team expect continuous strong growth of Westwood.

Michael Ching continues, “We are already seeing higher than average enquiries over the summer months. Many residents and new purchasers are keen to see Westwood Park completed and that is scheduled for Q2, 2021. The park and its integration to the Walk will be a welcome amenity to new families looking to move into a new home at Westwood and forging further community bond.”

With 2020’s success, the Westwood community and masterplan will be enlarged with the introduction of another precinct to be known as Westwood Place whilst the original Westwood will be known as Westwood Walk. Westwood Place, will sit alongside Westwood Walk, with the proposed local school and sporting reserve separating the two precincts… Westwood Place will introduce new products and amenities which will further entrenched Westwood as the preferred residential estate.

Register
Your Interest

  • This field is for validation purposes and should be left unchanged.