“This site is the amalgamation of five separate residential properties and the culmination of a significant amount of work collaborating with the different vendors.
“It’s pleasing to have progressed the site to this point where we can make it available to developers with a quality vision who want to be part of Moorebank’s transformation from the outset.”
Carter said there was an education process necessary in working with the different vendors – and some scepticism to overcome – before everyone arrived on the same page.
“It was a matter of building trust, taking the time to meet with vendors, listening first and speaking second. Only by demonstrating a clear strategy that considered their needs, showing how such a strategy would benefit them, could a mutually beneficial agreement be reached,” Carter said.
Zoned R4 with a .75 floor space ratio and covering 3,767 square metres – encompassing five residential blocks – the site on the corner of Harvey and Dredge Avenue has the potential to yield a multi-apartment building rising 12 metres in height (STCA), to take advantage of the impressive views down to Liverpool city centre and the mountains beyond.
The site enables residential developers with a quality vision to be part of Moorebank’s transition to a new cosmopolitan future, and provides the chance for them to make their mark and ride Moorebank’s growth trajectory through the exciting phases to come.
Compared to Liverpool proper, Moorebank already outperforms. According to RP Data, over the 12 months to October 2017, the median apartment price in Moorebank trended consistently above Liverpool, from $525,000 as at November 2016 (compared to $483,000 in Liverpool) to $555,000 as at October 2017 (compared to $520,000).
With Moorebank Shopping Centre and Woolworths Moorebank less than 10 minutes’ walk away, and Liverpool city centre just 10 minutes’ drive, the site delivers easy access to all the amenities and conveniences people are looking for, including Westfield Liverpool, Liverpool train station, Liverpool Hospital and more.
Moorebank’s time has arrived.