Developer signs deals for 245 new homes at Hobsonville Point

Media release

6 November 2013

Developer signs deals for 245 new homes at Hobsonville Point

AVJennings, development partner to Hobsonville Land Company, has signed new deals to complete a further 245 homes in the fast-growing Buckley Precinct – Hobsonville Point’s first stage.

The latest deals are part of a land release of 245 lots covering Buckley Precinct’s next stage already commenced and to be completed by July 2014. The deals were signed with local builders GJGardner Homes, Classic Builders and Jalcon Homes, each of whom have already built homes in the community.

AVJennings Project Director Rod Chadwick says in keeping with the overall vision for Hobsonville Point, the new homes will provide a variety of dwelling styles.

“Hobsonville Point has been carefully planned to cater for a variety of life stages. These 245 new homes in the Buckley Precinct will be a mix of garden apartments, townhouses, terraces, courtyards and villas, and range in price from $395,000 for a compact garden apartment to $900,000 for a large traditional villa.”

AVJennings has committed to delivering a total of 715 homes in Buckley Precinct. It has completed 132 so far with a further 146 currently under construction.

Mr Chadwick says the latest deals reflect the successful development model AVJennings is employing at Hobsonville Point.

“As with all our developments across Australia, and here at Hobsonville Point, not compromising on quality and getting the balance right between the house size and the price is crucial. The bottom line for us is that the quality of your new home and the community environment is not compromised, no matter what the price is. We’ve made sure that everyone who chooses to come and live at Hobsonville Point is getting a warm and efficient home with a high build quality, and that’s why we only partner with the best builders.

“For these reasons, Buckley Precinct at Hobsonville Point is currently AVJennings’ fastest-moving development Australasia-wide.”

Hobsonville Point progress points (excluding retirement village figures)
• Forecast dwelling starts             2013: 254          2014: 238
• Forecast dwelling finishes          2013: 105          2014: 272
• Total dwellings finished to date: 132
• Number of residents to date: 396 (averaging 3 per house)
• Proportion of affordable homes (below $485,000): 25%
• Total dwellings to be built in Buckley Precinct: 715
• Total dwellings to be built at Hobsonville Point: 3,000

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