The Federal Government announces new $700m investment into the Victorian Homebuyer Fund.

One of the core features of the recent federal budget is affordable housing for all Australians, with the Government remarking that “inflation, cost of living pressures, and housing all continue to dominate the fiscal landscape, impacting the lives of Australians’.  In line with this policy and focus, the Federal Government announced a new $700m investment into the Victorian Homebuyer Fund for the 2024 – 2025 financial year. This is great news for all Victorian would-be homeowners who are struggling to save a full deposit. This new investment will enable the fund to help many new families gain entry into the housing market.

What is the Homebuyer Fund?

The Victorian Homebuyer Fund is a shared equity scheme between the Victorian Government and the purchaser, making it easier for Victorians to enter home ownership.

How does the Homebuyer Fund work?

One of the greatest obstacles to home ownership is the increasing difficulty, and length of time, it takes Australians to save the desired 20% deposit. When doing the ‘how much deposit do I need to purchase a house’ calculation on the conventional ideal of having a 20% deposit, it can be a dispiriting realisation that this is not a feat that can be accomplished quickly, shy of robbing a bank.  To help make housing more affordable and achievable, the Homebuyer Fund works to combat this by enabling Victorians with a smaller deposit to purchase without needing someone else, like a parent, to go guarantor or to be lumped with additional bank fees like Lenders Mortgage Insurance (LMI). The government acts as a second purchaser, with their own share in the property, equal to the amount of deposit contributed. This prevents the need for other interventions, like LMI and a guarantor that are not accessible to everyone and  will save you money by reducing your overall mortgage as you have borrowed 70 or 80% compared to 95%.

Who is eligible for the Victorian Homebuyer Fund?
To check your eligibility for the scheme, the State Revenue’s Office has created a tool that can help you check if you could be eligible for the Victorian Homebuyer Fund. It provides general guidance in line with the eligibility criteria but does not constitute a determination of eligibility.
Check your eligibility for the Victorian Homebuyer Fund here.

What else has changed?
In other good news, the previous price cap for regional dwellings has been increased from $600,000 to $700,000. This is great news for regional Victorians as more homes will now be eligible for those that have qualified for the scheme.
For metropolitan areas, the maximum purchase price has remained at $950,000 or less.

More single parents will now also be able to access the scheme with the single parent income threshold increased to match the dual income threshold of $208,775.

What else is important to know?
Participants are required to buy back the government’s share in their property over time through refinancing, using savings, or upon sale of the property. The Victorian Government does not charge interest on its investment in participants’ homes but shares in any capital gains or losses proportionate to its share in the property.

What types of properties are eligible?
Unfortunately, vacant land and houses off the plan are not eligible for the scheme. Homes must have an occupancy permit prior to a contract being signed. This does, however, include the completed remaining apartments at Vic Square & Marco who do have completion certificates.  If you’re looking for an affordable new home boasting city convenience in an architecturally striking built form with modern finishes, then two of our recent apartment projects could be just what you are looking for.

Victoria Square Footscray
Located in Footscray of Melbourne’s inner-west, Victoria Square has you supremely placed to soak up the vibrant atmosphere of this culturally rich suburb. Boasting a unique combination of old and new, this buzzing suburb promises an exceptional lifestyle surrounded by a plethora of amenities with the added benefit of being a short commute or drive into Melbourne’s CBD.

Secure a 2 Bed, 2 Bath, 1 Car Apartment at Victoria Square from $620,000!

Find out more about Victoria Sqaure Apartments here.

Marco Melbourne
Located in Southbank along the Yarra River in Melboune’s CBD, the two 40-storey buildings of Marco Melbourne command a prominent presence on the Melbourne skyline. If city living is your thing, then you have the best of the city on your doorstep moments away from the entertainment precinct along Southbank made up of Crown Casino, bars, restaurants, shopping, the Melbourne Convention and Exhibition Centre, galleries and theatres are all at your fingertips.

Secure a 1 Bed, 1 Bath Apartment at Marco Melbourne for $512,000 or 2 Bed, 1 Bath, for $638,000!

Find out more about Marco Melbourne Apartments here.

In addition to the Victorian Homebuyer Fund, you may also be eligible for a range of other grants, exemptions, or concessions to help make your home buying journey more affordable. Find out more here – Everything to consider as a First Home Buyer.

To check Victorian Homebuyer Fund eligibility criteria and how to apply, head to the Victorian State Revenues Office website.

What is the National Construction Code?

If you’re in the market for a new home and have been chatting to builders or seeing any recent media surrounding the recent NCC changes, you’re not alone. This blog post will help get you across what those changes are and why they’re important, so, you’ll be well equipped when you’re in conversations with builders when you’re designing your new home.

What is the National Construction Code?

The National Construction Code (NCC) serves as the cornerstone of regulations governing Australia’s construction industry. Updated periodically, the recent revisions, that came into effect on May 01st, continue to refine standards across various aspects of construction. The recent revisions were created in 2022, but delayed coming into effect until this year, 2024.

What impact will the NCC 2022 updates have on my build?

The NCC 2022 changes include updates to the building code surrounding structural requirements, waterproofing and dampness control, health and amenity standards, accessibility criteria, energy efficiency measures, ancillary provisions, and guidelines for designing livable housing.

While these updates mark significant strides towards enhancing the quality and sustainability of residential builds, they also present financial considerations, necessitating careful planning and potential revisions for those with limited budgets.

Increases to the Energy Ratings of New Homes

The latest update of the NCC 2022, introduces required enhancements in residential energy efficiency. Key among these are requirements aimed at achieving a minimum 7-Star energy rating for new homes, (up from a minimum 6-Star energy rating previously). These increases in energy efficiency, measured under the Nationwide House Energy Rating Scheme (NatHERS), promises heightened comfort for occupants, increased efficiency to heat and cool dwellings (equating to savings on energy bills), while also imposing a new energy usage budget to be met annually by each dwelling.

What is an Annual Energy Usage Budget?

The annual energy use budget covers all of the heating and cooling equipment, appliances, and on-site renewable energy (e.g. rooftop solar) you use in your home. The total amount of energy used by these appliances, minus any energy generated on site must be less than or equal to the annual energy use budget.

This approach means NCC 2022 provides a mix of practical solutions for homes that can be customised to the climate and location of each build.

Embracing renewable energy sources like rooftop solar panels, increasing insulation requirements, and the use of thermally efficient windows like double glazing or thermally broken double-glazed windows remains optional but will help home owners improve the energy rating of their new homes, to  help them align with the annual energy usage budget.

What is Livable Housing?

The latest NCC 2022 updates also includes new requirements for Livable Housing Design Guidelines. These new provisions will improve the suitability of new Australian homes for people with reduced mobility. Livable Housing Design Guidelines focuses on changing the way we design homes to make them easier to use and more adaptable to the changing needs of occupants as they age.

The Livable Housing Design Guideline updates represents a significant pivot to how we’ve traditionally designed housing in Australia.

In practice, this means reducing steps where possible, allowing for more space in the bathroom, wider doorways, and reinforcing walls to allow for potential grabrail installations down the track.

The NCC 2022 changes usher in a new era of construction standards, prioritising not only structural integrity but also increased new home energy efficiency, with 7-star energy ratings and accessibility. While these changes may pose challenges for budget-conscious builders and individuals, they ultimately contribute to the creation of more sustainable, inclusive, and comfortable living environments for all Australians.

 

First homes Under Construction at Banyan Place

We are thrilled to announce the commencement of construction for the first homes at Banyan Place, marking a significant step forward for our vibrant community in Officer.

As our community flourishes, dreams are materialising for the fortunate purchasers who settled last year in Stages 1, 2, and 3 during Quarter 4 of 2023. Witnessing this progress is immensely gratifying, and we eagerly anticipate welcoming our first residents to their brand-new homes later this year.

In more construction updates, we are delighted to report that Stage 4 at Banyan Place has been officially titled, with settlements already in progress. Soon, the landscape will transform further as homes begin to emerge within this stage too.

Stage 5 has recently completed the approval phase with council and the relevant authorities and has been awarded Statement of Compliance (SOC) for the entire stage. All things going to plan, titles will register within this stage by the end of the month too.
Additionally, we are pleased to announce the completion of construction for Stage 6, with our dedicated crew meticulously adding the final touches. Ahead lies the first round of inspections to achieve Practical Completion (PC), bringing us another step closer to realising the vision of our thriving community.

At Banyan Place, every milestone represents a collective achievement, and we are honored to share this journey with our valued residents. Together, we are shaping the future of Banyan Place—a place where community spirit thrives, and dreams find a place to belong.

Banyan Place is currently selling land in Officer in Stages 7 & 8 of the community.

Want to know more about this thriving community? Follow the link here for more information.

What an Interest Rate Pause means for you.

In exciting news for all prospective homebuyers, the Reserve Bank of Australia (RBA) has recently announced another interest rate pause for the month of February! This announcement of back-to-back pauses is something we haven’t seen since October last year.

This welcomed news of another interest rate pause, where the current rate of 4.35 will remain in place, means we’re heading in the right direction in terms of getting current inflationary pressures to subside and fall back within a desired range of 2-3%. These signs, along with a stabilising housing market, can present a golden opportunity for those considering purchasing their first or second home or even an investment property.
Below we have put together some of the benefits that an interest rate pause can present to savvy homebuyers.

  1. 1.Stability in Planning: Homebuyers can benefit from the stability provided by an interest rate pause. Predictable interest rates allow for more accurate financial planning, making it easier for individuals to budget and manage their finances. This stability is particularly valuable for first homebuyers who are also learning the intricacies of purchasing a property for (yep) the first time. If you are a first timer, check out our blog post that goes through Everything you should consider as a First-time Buyer.
  2. Housing Affordability Boost: One of the immediate advantages of an interest rate pause is the boost to affordability. With interest rates remaining steady, the cost of borrowing money remains the same, providing assurance around your borrowing capacity. This means you can embark on your property journey with confidence. Housing affordability is a huge priority for the government at the moment and they are constantly looking at ways to support more people and families into their own homes. Find out about the First Home Guarantee Scheme here.
  3. Favourable Financing Terms: During a period of an interest rate pause, lenders may offer more favourable financing terms to attract potential homebuyers. This could include competitive interest rates, free* credit cards, cash back promotions, or other incentives that make the overall homebuying process more financially attractive as they try to entice more buyers to their own services over competitors. So, be on the lookout for deals you may be eligible for.  Utilising a broker here can be advantageous!
    If you would like more information on how to qualify for a home loan, you can read our blog post on How to Secure Finance.
  4. Market Stimulus: A stable interest rate environment can stimulate the real estate market. Increased buyer confidence, spurred by the knowledge of consistent or lower interest rates, can lead to a healthier housing market with more transactions and a variety of available properties. The higher turnover of properties for sale can be good if you’re looking in one particular area or have a very specific must have list. The downside is that popular properties don’t last long, so if you have your eye on something, now is the time to grab it!
  5. Opportunities for Refinancing Home Loans: If you already own a home, you can also benefit from an interest rate pause. Lower interest rates provide an opportunity for refinancing existing home loans, allowing homeowners to reduce their monthly payments, shorten the loan term, or tap into home equity for other financial goals.

An interest rate pause presents an array of benefits for aspiring individuals considering purchasing a property. From increased housing affordability and borrowing capacity to market stimulation, this period can be a golden window of opportunity for those first home buyers looking to step into homeownership or investors hoping to enhance their current real estate portfolio.

Keen to get started? Head to our projects page to view all of our active projects across Melbourne.

Seizing Opportunities: Why Now is a Good Time to be Investing in the Australian Property Market

The Australian property market continues to present enticing prospects for individuals considering a property purchase and investment. Despite recent developments such as interest rate increases and construction costs, there still lies a unique window of opportunity for those looking to enter or expand their presence in the Australian property market. In this news post, we will delve into the reasons why now is a good time to buy into the Australian property market, despite these challenges.

  1. Strengthening Australian Economy: Australia’s economy has shown resilience and is on a path to recovery, bolstered by factors such as increasing employment rates and improved consumer confidence. A robust economy translates into a favourable environment for  investing in property, as it often leads to increased demand for housing and commercial spaces. By investing in the property market now, buyers and investors can position themselves to benefit from the upward trajectory of the economy.
  2. Adjusting Interest Rates: While interest rates have seen a steady increase recently, it’s important to note that they are still relatively low compared to historical averages. Interest rate increases are often an indication of a thriving economy (used as a means to curb spending), and as a property buyer or investor, this can be advantageous. Although no-one can answer with certainty how high mortgage rates will go up in Australia, securing a mortgage or financing at a slightly higher interest rate can still provide access to the property market before rates potentially rise further. Perhaps a more optimistic way to view it is, if the current RBA interest rate is high, it can be an opportune time to purchase knowing that future decreases are more likely than increases. You can also take comfort in knowing that you can comfortably afford the loan you have taken out now and into the future.
  3. How much have Construction Costs Increased in Australia?
    While construction costs have risen steeply in recent years, it’s crucial to understand that these costs are influenced by various factors, including supply chain disruptions and increased demand for construction materials, which is what happened during the pandemic years. It’s important to note that rising construction costs are not a new phenomenon and generally speaking, increase year on year in line with inflation.
    CoreLogic’s Cordell Construction Cost Index (CCCI) report , tracks the cost to build a typical new dwelling. In its most recent report released on the 11th of October this year, the index showed a quarterly growth rate of 0.5% for the September quarter, the smallest lift since the preceding June 2019 quarter. This took the annual growth in the index to 4.0%. This is below the recent quarterly peak of 4.7% this time last year. If you are constructing a new home, speaking to a builder and locking in your build rate is usually the best way to save you money down the track.
  4. Demand for Rental Properties: Australia’s growing population, coupled with lifestyle preferences and demographic shifts, has created a high demand for rental properties. This presents an excellent opportunity for those thinking of getting an investment property, as rental demand continues to outpace supply in many areas. By investing in rental properties, individuals can generate a steady income stream through rental yields and potentially benefit from capital appreciation in the long run. The biggest question to ask yourself when buying your first investment property is whether to build and sell or build and rent the property out. Check out our news post here where we compare the pros and cons of both options.
  5. Long-Term Investment Perspective: The Australian property market has historically demonstrated long-term growth and resilience, despite short-term fluctuations. By adopting a long-term investment perspective, buyers and investors can navigate through temporary challenges and benefit from the wealth-building potential of property ownership. Property values have consistently appreciated over time in many desirable locations, making it an attractive investment avenue.
  6. Government grants for Homebuyers: The Australian government continues to introduce initiatives and support measures aimed at stimulating the property market. These may include grants, tax incentives for investment properties, and schemes targeting specific buyer segments. By staying informed about government policies and taking advantage of applicable incentives, buyers and investors can enhance their purchasing power and maximize the potential returns on their investments.
    After information on the newly introduced Home Guarantee Scheme (HGS)? Read our blog post here.
  7. Diversification and Wealth Preservation: Property investment provides a means of diversifying one’s investment portfolio and preserving wealth. As an asset class, property offers stability, a tangible value, and a hedge against inflation. By diversifying investments across multiple asset classes, including property, individuals can mitigate risk and build a resilient portfolio for long-term financial security.
  8. Taking your pick of the litter: Humans, by nature are pack animals and are used to doing things as a group. This ‘herd mentality’ or tendency of people in a group to think and behave in ways that conform with others is particularly evident when the property market is at a peak or trough in the cycle. When the market is up, everyone wants a slice of the action and when it is down most people opt to hibernate until more optimistic property days arrive. However, there is one final positive to entering the market when there is not a lot of competition around and that is, that it presents you the best opportunity to pick the best of the bunch! So, why wait to buy when everyone else is buying?

Despite challenges such as rising interest rates and construction costs, the Australian property market continues to present a promising opportunity to purchase and invest into. With a strengthening economy, adjusting interest rates, long-term investment potential, government support, and opportunities arising from construction cost considerations, buyers and investors can seize the advantages offered by the market. By taking a strategic and informed approach, individuals can navigate through temporary challenges and position themselves for success in the dynamic Australian property market.

Looking for an investment property in Melbourne? Here is where you should be looking!

 

Stages 1, 2 & 3 have Titled at Banyan Place!

Growland is excited to announce that Stages 1, 2 and 3 of its newest residential development, Banyan Place in Officer, have Titled!

Notification from the Titles Office came through late last week for all stages and the news has been happily shared to all soon-to-be purchasers of their very own slice of the Banyan Place Community.

This is a huge milestone for the community who will now start to witness the very first homes of the community begin construction in the coming months and we look forward to welcoming the first moved-in residents to the community next year.

Purchasers from these stages were early adopters who spotted the uniqueness and value in Banyan Place located in Melbourne’s south-east. Located only a hop, step or jump away from all of the essential touch points in Officer, Banyan Place offers a connected and convenient location for its residents. Its central location in Officer brings you closer to nature and everyday convenience than surrounding neighbourhoods. This liveability brings a rich lifestyle in choice, freedom, and well-being and is enhanced by its close connection to the Princes Freeway, Cardinia Road Railway Station and abundance of retail and recreation options.

Banyan Place’s superior position set amongst more than 7 hectares of natural landscape with extensive conservation spaces, provides a unique opportunity to live in harmony with nature. Reap the rewards of a close connection to nature and enjoy a healthy and active lifestyle inspired by your proximity to open space and walking and cycling trails enabling plentiful time outside with your family. Banyan Place opens a pathway to a healthy, mindful lifestyle.

With plenty of land remaining in this well-sized community, you can secure your place in this exciting living destination.
Get in contact with our friendly sales team on 1300 983 889 or via email at info@banyanplaceofficer.com.au.

Find your place to belong at Banyan Place!

Growland’s $5,000 Deposit Promotion!

The journey to homeownership is now smoother than ever, all thanks to Growland’s latest offering – the $5k Deposit Promotion now on offer across its residential land communities. If you’ve been dreaming of owning your own home in a thriving residential community, this limited-time opportunity is your key to turning that dream into reality.

In this blog post, we’ll delve into the unique features of this promotion and shed light on why a Growland Residential community is the ultimate destination for prospective homeowners.

A Distinctive Approach by Growland: Growland is renowned for more than just creating new home allotments; they craft communities that elevate living standards and inspire a sense of belonging. What sets Growland apart is their dedication to providing residents with not just places to live, but enriched lifestyles that cater to both individual needs and collective aspirations.

Introducing the $5k Deposit Promotion: Imagine embarking on your homeownership journey with a mere $5,000 deposit. This remarkable promotion has been meticulously crafted to help alleviate one of the financial barriers that often hinders potential homeowners. The $5k Deposit Promotion reflects Growland’s commitment to transforming dreams into tangible, accessible realities.

The Advantages of the Promotion:

  1. Accessible Entry Point: With a minimal deposit of $5,000, you can secure your place in one of Growland’s exceptional residential communities; Banyan Place in Officer, Marigold in Tarneit or Botania located in Fraser Rise, making the prospect of homeownership more attainable than ever before.
  2. Financial Freedom: By reducing the upfront deposit, Growland enables you to allocate your resources more flexibly, whether it’s personalizing your new home or settling comfortably into your new lifestyle.
  3. Extended Payment Terms: Delaying the payment date of the 5% deposit, allows new purchasers additional time to save for their 5% deposit and building contract, whilst locking in today’s prices.
    See Terms & Conditions for each community for the varying due dates.
  4. Stress-Free Transition: The $5k Deposit Promotion underscores Growland’s commitment to a seamless homeownership journey. By eliminating the burden of a hefty initial payment, you can focus on what truly matters – settling into your new home and community.

Why choose Growland?
Growland is an Australian company committed to improving the quality of life of its residents through the practice of responsible property development.

  1. Prime Location: All Growland residential communities are positioned in growing regions of Melbourne’s fringe, offering the perfect blend of urban convenience and serene suburban living. Proximity to schools, shopping centres, and major transportation hubs ensures your daily needs are effortlessly met which ever community you choose.
  2. Community Integration: Growland was formed out of a mutual desire to create places for people to enjoy for a lifetime. Growland’s approach to creating considered developments that improve both the fabric of a suburb, and quality of life for its residents, is evidenced by the popularity of its current projects incorporating well-planned communal spaces, parks, and community events foster meaningful connections and a strong sense of belonging.
  3. Exemplary Craftsmanship: Every Banyan Place home is a testament to Growland’s commitment to quality and excellence. The architectural design harmonizes contemporary aesthetics with enduring charm, ensuring a community that stands the test of time.

Getting Started:

  1. Explore Online: Begin by visiting one of Growland’s residential communitity websites to find which development is the right fit for you and your family.
  2. Reach Out: Connect with a member from our dedicated sales team to learn more about the $5k Deposit Promotion and discuss your preferences and requirements.
  3. Reserve Your Future: Seize this exceptional opportunity by securing your spot within one of Growland’s inspiring residential communities with a cool $5,000 deposit.

Growland’s $5k Deposit Promotion is your gateway to homeownership within a vibrant community. This exclusive offer, combined with Growland’s dedication to fostering quality lifestyles, makes it an opportunity not to be missed. Take the first step towards transforming your homeownership dream into reality – begin your home-owning journey with Growland today!

View Banyan Place, Officer
View Marigold, Tarneit
View Botania, Fraser Rise

Buying a home in Melbourne? Here’s where you should be looking.

It’s a tale as old as time. The ‘Great Australian Dream’.

Owning your own home and subsequently enjoying the security and sense of purpose that homeownership brings.

However, after a tumultuous few years in the property market, many buyers feel this dream is now out of reach. You might be asking yourself, where can I afford to buy a house?

From unprecedented demand to rapidly rising interest rates, many buyers can be forgiven for thinking now is not a good time to buy. But we’re here to tell you there are pockets of affordability in some of Melbourne’s biggest growth areas.

So where is the best place to live in Melbourne, you may ask?

Occupying ideal locations in rapidly growing regions across the city, read on to discover how a Growland community can improve your lifestyle and help you find your feet in an exciting, and occasionally daunting property landscape.

 

Botania by Growland – Fraser Rise 

With only a few lots remaining, Botania occupies an ideal location in the emerging suburb of Fraser Rise (formerly Plumpton).

Just 5 minutes from the well-established suburb of Caroline Springs, life at Botania offers a rare and tantilising prospect for a new community; an established lifestyle from the get-go.

Think quality cafes, restaurants, educational providers, transport corridors and more, just minutes from home.

Read more about Botania’s location here.

From an investment perspective, recent data from the Australian Property Investor noted that the average house price in Fraser Rise rose by an incredible 14.8% in the last financial year.

With up to $195 million set aside in Growth Area Infrastructure Contributions, set to go towards building schools, public transport and emergency services facilities, there’s no doubt that the future of this region is steady and secure.

Residents within Fraser Rise also enjoy seamless access to major highways, including the Melton Highway and Western Ring Road. With Watergardens Station just 10 minutes away, major upgrades as part of the Suburban Rail Loop project will significantly cut commuting times, helping residents in Melbourne’s west to live more comfortably and efficiently.

Aside from infrastructure, life in Fraser Rise also promises natural serenity. Together with neighbouring Deanside, the suburbs will host 40 local parks including the picturesque Kororoit Creek. Lucky Botania residents have their very own waterway reserve running through the centre of the community connected to the iconic creek.  These spaces provide important conservation reserves and a network of carefully-designed pedestrian and cycle tracks for all to enjoy.

So if you’re after land for sale in Fraser Rise, Botania by Growland is the perfect choice for you.

Find out more. 

 

Marigold by Growland – Tarneit North

Ideally located in one of the top selling suburbs in Victoria of the past six months, it goes without saying that Marigold by Growland is the perfect investment choice.

Seamlessly integrated with many of the amenities that determine a household’s value, including proximity to schools, retail and transportation options, land for sale in Tarneit is hard to beat when it comes to value.

In fact, despite interest in the region skyrocketing in recent years, house prices in Tarneit have remained relatively affordable at an average price of $650,000, making it a real prospect for first home buyers.

Tarneit is also set to benefit from a plethora of major infrastructure projects, including the West Gate Tunnel and the future Truganina and Tarneit West train stations, helping residents to enjoy a lifestyle of convenience and connectivity, important considerations for all home buyers.

It was also recently confirmed that a new, $100 million shopping precinct, The Sheds, will open in Tarneit in 2024, another major infrastructural win for the area.

Promising a quiet and peaceful lifestyle surrounded by nature, now is the perfect time to take your first step towards a beautiful life at Marigold.

Learn more about the vision for Marigold here or visit the Marigold Display Village to find your perfect fit.

 

​Banyan Place – Officer

Widely recognised as one of the fastest-growing communities in Melbourne’s south-east, land for sale in Officer is a promising investment prospect.

With Melbourne’s CBD within easy reach thanks to the Princess Freeway on its doorstep, Officer offers a unique blend of convenient, urban living with a relaxed country lifestyle that borders the West Gippsland region.

Minutes from established suburbs like Pakenham, Beaconsfield and Narre Warren, Officer promises seamless connection to major transport corridors, such as The Princes Freeway, Peninsula Link and more.

There is also a wealth of schools and essential amenities, such as restaurants, shopping centres and Berwick’s St John of God hospital nearby, making the community a popular choice for young families and first home buyers.

Promising over 7 hectares of open space, an abundance of walking trails and a commitment to preserving the native flora and fauna, Banyan Place Officer offers a flourishing, community-minded lifestyle. Check out the masterplan here.

Learn more about Banyan Place here. 

So, if you’ve found yourself wondering where to buy a house in Melbourne, chose a community by Growland; a developer that raises the benchmark in residential living and masterplanned communities.

Frog Way Park at Marigold Now Open!

Construction of Marigold’s newest park in Stage 10 of the community, Frog Way Park, is complete and we are pleased to announce is now open to the public for all to enjoy!

The park was officially approved by council on the 2nd of June 2023 and all ongoing maintenance has now been handed over to Wyndham City Council.

Frog Way Park is the second local park for the Marigold community in Tarneit, positioned in the top north-eastern section of the community on the corner of Ulmus Street & Frog Way.

The new park references the previously completed Gathering Grove Park, which was delivered in Stage 5 of the community,  and helps to reinforce consistency in the community by continuing the use of curvilinear shared paths around the perimeter and drawing on the use of large ornate boulders and logs to connect the green spaces and wider landscape. The new park also shares the same vibrant use of the Marigold colours (red, yellow and blue) for the playing surfaces, whose circular patterns are inspired by cricket ovals and bright colours are reminiscent of produce at a spice market.

Frog Way Park has been designed as a more passively centred park where Marigold residents can come to relax and enjoy a quiet moment.  The expansive grassed area provides a huge multipurpose space for residents to enjoy whether that be for picnicking with friends, running around with the dog or utilising the wide space for any number of lawn or ball games.

The play equipment has been designed for the littlest residents of the Marigold community in Tarneit, who can expect to be attracted to the bright wooden rockers and flower spinners that add a burst of colour to the park, alongside the planted garden.


There is also feature platform seating perfect for sitting in the sun on and reading, standard bench seating where you can catch up with friends as you watch your children play, and a water fountain.

We look forward to many Marigold families enjoying and making memories in this new green space.

Stay up to date with all of the Growland projects and be first in the know by following us on Facebook & Instagram.

Why Choose Growland?

Have you found yourself wondering, where should I buy property in Melbourne?

Buying a home is a major financial decision in anyone’s life. It doesn’t matter if you’re a first-home buyer, investor or simply looking for a new place to live.

There’s many factors to consider, such as proximity to amenities you need, the lifestyle on offer and much more.

With 10 years of experience in sustainable property development, Growland is proud to be one of the leading property developers in Melbourne.

Whether it’s an architecturally-striking built environment or a master-planned community, our developments improve both the fabric of a suburb and the quality of life for residents.

Read on to discover how a Growland community can transform your investment experience.

Connected Convenience

Each Growland development is carefully designed, planned and built with residents interests at the forefront.

That’s why each of our projects are located in close proximity to established and future amenities.

Whether it’s schools, major transport corridors or shopping centres in our master-planned communities or restaurants, entertainment complexes and outdoor spaces for our apartment complexes, you’ll find it all within comfortable walking or driving distance.

With three major apartment and lifestyle complexes located in Melbourne’s inner city, Growland’s developments epitomise the cosmopolitan, enviable urban lifestyle that the city is renowned for.

Marco Melbourne boasts seamless access to major entertainment complexes such as Crown Melbourne, Southbank, Flinders Street and more.

Similarly, Neue Grand’s ideal location on the thoroughfare of St Kilda Road brings Port Phillip Bay, the city, the Botanic Gardens and more to within minutes of resident’s doors.

Victoria Square’s picturesque riverside location brings the likes of Docklands, Yarraville and the CBD within easy reach.

And the same goes for our communities.

Set in some of Melbourne’s fastest-growing corridors, on both the southeastern and western sides of the city, our developments offer a peaceful, natural lifestyle, whilst keeping residents connected and engaged with the amenities around them.

Botania, Marigold and Banyan Place are just minutes from the established suburbs of Caroline Springs, Tarneit and Berwick respectively.

This brings quality education, leisure facilities, transport corridors, shopping precincts and more within a short drive from home. Plus, each community is located under 10 minutes from an established train station.

No matter which community or complex you choose, rest assured that Growland developments deliver the connected, convenient lifestyle you need to live comfortably.

A relaxed, natural lifestyle

Another major focus for Growland precincts, one that has delivered our reputation as one of the top property developers in Melbourne, is our commitment to conserving the natural environment.

Our precincts and communities encourage residents to enjoy a peaceful, natural lifestyle amongst nature. That’s why each Growland development is focused on conserving and providing green spaces and natural features for residents to enjoy.

Our apartment complexes, Victoria Square, Marco Melbourne and Neue Grand, are all within walking distances of major outdoor spaces, including the Maribyrnong River, the Royal Botanic Gardens of Victoria and Albert Park Lake respectively.

Furthermore, each complex offers peaceful outdoor spaces, including the 2400sqm sky garden atop of Victoria Square Stages One and Two. Each complex also encourages an active lifestyle, with a pool and gymnasium available in each precinct.

In our award-winning, master-planned communities across Australia, conservation is a priority for each estate.

Whether it’s natural open space in the form of future wetlands, walking trails, parks or additional recreational facilities including ovals and more, Growland communities prioritise the preservation of the surrounding natural environment.

A solid, trusted reputation

On a mission to continually raise the benchmark in residential living and masterplanned communities, Growland has been widely recognised within the property industry for its outstanding architecture, longstanding commitment to creating inspiring places and for being a trustworthy property developer.

Recently, Stage One at Victoria Square won the High-Density Development at the UDIA Victoria 2021 Awards for Excellence.

Similarly, our commitment to improving the lives of residents and suburbs across Australia is evidenced by the popularity of our current and completed projects.

When it comes to a developer you can trust, look no further than Growland.

For more information on each Growland project, please visit here.