First home buyers and young families driving the growth of St Albans
23 July 2020
Residential development St. A is making Melbourne’s north-western suburb of St Albans a rising star for first home buyers and young families.
Strong demand for town homes in the masterplanned St. A estate is proof that more people are realising the potential of living in an established community just 16 kilometres north-west of Melbourne’s CBD.
Strategically positioned in the heart of St Albans and with Stage 9 residences eligible for the government’s $25K HomeBuilder Grant, St. A is selling fast to first home buyers and young families who want to live close to the amenity offered by the suburb.
According to Lloyd Collins, state manager of Cedar Woods, it’s no surprise that a large number of sales have already gone to first home buyers and young families.
“St Albans is one of Melbourne’s fastest growing suburbs – it offers both property price growth and a great mix of amenity and liveability,” says Collins.
“In developing St. A, we wanted to foster a strong sense of community within the suburb by adding to its existing amenity and creating a truly exceptional place to live, work, and play.”
This year the project is on track to achieve a completion rate of 72 per cent, with approximately 119 more families due to call the community home, the majority of whom will be moving in over the next few months.
St. A is already 75 per cent sold with the majority of sales so far having been to the owner-occupier market.
The remaining homes start from $549,000.
The suburb has recently benefitted from significant government spending on infrastructure, including provision for the level crossing removal at St Albans train station; just 400m from St. A, and Joan Kirner Women’s and Children’s Hospital.
“St. A offers the ideal solution for those wanting to reside in a low-maintenance home and be part of a strong community. It’s not another apartment tower – it’s a leafy enclave within an established neighbourhood,” adds Collins.
Residents will benefit from proximity to numerous primary and secondary schools, community centres, walking and cycling paths, public green spaces and Victoria University.