Mirvac's Waverley Park Homes Attract Record Prices

Melbourne, VIC (PRWEB) April 3, 2008 -- The popularity of Waverley Park homes (http://www.waverleypark.com.au/homes.asp) can be attributed to Mirvac's 'master planned community' which ensures homes are carefully positioned to maximise sunlight into backyards and provide privacy and usable outdoor space.

Not only does the master planned community provide purchasers with energy efficient houses (http://www.waverleypark.com.au/homes_clendon.asp?id=all), incorporating water conservation, renewable building materials and energy efficiency, it has resulted in outstanding price growth for Waverley Park homes.

The 25 Oval Front luxury homes (http://www.waverleypark.com.au/homes_ovalfront.asp?id=of), released to date, are Waverley Park's most exclusive homes (http://www.waverleypark.com.au/homes_ovalfront.asp?id=of) and have experienced an impressive 27.7 percent price growth since their first release in 2005 from $595,000 to $760,000. A four level Oval Front Home, released on 11 October 2007, achieved a record price of $885,000, highlighting the appeal of Waverley Park living.

Meagan Kae, Oval Front Home owner, comments: "Purchasing at Waverley Park was an easy decision for me. I was looking for a family-friendly home with generous living spaces and contemporary architecture in a community-oriented environment -- Mirvac's residences ticked all the boxes. Being a single mum, I lead a busy lifestyle so a low-maintenance home and a safe environment were also priorities. I love the amazing views over the historic oval, entertaining in our paved courtyard and it's great having the parklands only minutes away if we feel like going for a walk. Our home has already increased in value which reassures us that we've made a sound investment in both our lifestyle and our future."

Similar to the popularity of the Oval Front Homes, the stylish and affordable Brooke Terrace Homes have also proven to be both a good lifestyle choice and investment decision with prices increasing by 13.4 percent from $485,000 to $550,000 since July this year.

The Family Homes have been in the highest demand with customers registering months in advance to secure an opportunity to purchase within this prestigious development. Since April 2007, these 3, 4, and 5 bedroom homes (http://www.waverleypark.com.au/homes_heyington.asp?id=5bdr) have increased in value by 28.8 percent from $520,000 to $670,000.

Mirvac's commitment to building sustainable homes (http://www.waverleypark.com.au/homes_clendon.asp?id=all) was further highlighted when it released 21 six star innovative Terrace Homes on 15 November 2007. These homes range in price from $450,000 to $550,000. As with all Waverley Park homes, the Terrace Homes provide maximum energy efficiency with many being north facing which naturally delivers passive solar heating.

The Terrace Homes have a six star building fabric which includes wall and ceiling insulation, strong seals to prevent drafts and self-sealing exhaust fans, all of which helps residents save on household bills and reduce their greenhouse gas emissions.

It is easy to see why 1,300 people call the former, much-loved AFL football ground home. Located only 23 kilometres from Melbourne's CBD, residents have access to impressive amenities created by Mirvac within the transformed Sir Kenneth Luke Stand. This local shopping precinct features a supermarket, cafe, bar, dentist, physiotherapist and fish and chip shop, as well as state-of-the-art facilities including a brand new health club housed in the transformed Sir Kenneth Luke Stand.

Sustainability is an essential element in the design and construction of all Mirvac properties. Waverley Park residents can now adopt a more sustainable lifestyle within their own home thanks to Mirvac's essential guide to conserving energy and water which is provided to each new resident.

Whether it's advice on how to select an energy efficient washing machine or dryer or reminding residents how much energy is saved by turning appliances off at the wall, Mirvac's green living guide is just another demonstration of the organisation's commitment to a more sustainable community.

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