1000 Lot McMahon’s Place Has Development Approval and Sells Out Stage One in Two Hours

Media Release

The $280 million McMahon’s Place estate in Echuca has received development approval and has immediately commenced sales with spectacular results.

Stage One, the Myrtle Release consisted of 12 lots and sold out within two hours. Stage 2A is now being marketed with 95% of the blocks sold since Saturday 22 June and Stage 2B is launching mid-July.

“Resi Ventures is very pleased with the response from the local community, and we have attracted buyers from Melbourne who identify with the master planned approach we have taken,” said Resi Ventures co-founder Khurram Saeed.

He said McMahon’s Place was based on the company’s 15 years of experience in developing new residential estates across Victoria and Southeast Queensland.

“We are specialists in developing the highest quality greenfield estates that provide a harmonious blend of modern living and community spirit and this experience is being realised in McMahon’s Place,” Mr Saeed said.

The 1000-lot estate offers land from $217,500 with lots ranging from 480 sqm to 800 sqm. Construction is anticipated to commence later this year with the first residents moving in late 2025.

A builder’s display village in 2026 will front the Northern Highway and will feature well-known builders from the Echuca region and some new builders coming to the region for the first time.

“We are all about offering purchasers a choice in lots sizes and the opportunity to explore a multitude of builders’ home designs to help them envision their future living spaces in order to make this the standout development in Echuca,” Mr Saeed said

McMahon’s Place is located on a high-profile site on the Northern Highway a few minutes from central Echuca and is one of the largest estates undertaken in the area.

Mr Saeed said a focus of the company was working in conjunction with local property owners, the McMahon family whose estate the name carries, to ensure the Echuca-Moama market is offered an estate designed for local tastes.

“We are working closely with the McMahon family to turn their farm into a masterplanned community and deliver on their dream of building a thriving community in Echuca, where the next generation of local families can call home.”

“For example, there will be no lots sold within 80 metres of the Northern Highway providing a peaceful environment that capitalises on the ease of access to central Echuca offered by the extraordinary location,” he said.

Other local knowledge invested in McMahon’s Place is wider lot frontages that range from 16-22 metres.

Mr Saeed said the Resi Ventures model turns broadacre land into an estate that maximises the enjoyment of the natural features for all its inhabitants.

McMahon’s Place features parks comprising 6.9 hectares of open space with playgrounds, natural water features, walking tracks as well as a full-sized sports oval with associated facilities.

Mr Saeed said the former farmland is also being rehabilitated by ecology expert Spiire to encourage biodiversity and replicate the Echuca Plains’ natural environment on the former pastures.

McMahon’s Place is the only estate in the Echuca-Moama region that offers an onsite marketing suite showcasing the full experience of how it will be to live on the estate in the coming years.

“Buyers are selecting our estate due to proximity to the town centre as well as the affordability of lots.  We are offering a standout estate that is within the price range of first-home buyers and young families,” Mr Saeed said.

He said demand was also coming from downsizers moving from larger lots and farms as well as Melbourne investors that will provide much-needed rental accommodation for the undersupplied Echuca residential market.

Learn more about McMahon’s Place www.mcmahonsplace.com.au



Similar article

25 / 06 / 2024

Written by Resi Ventures

2024 Variety Bash: Driving for a Cause and Supporting Children in Need

Variety, the Children’s Charity, is renowned for its dedication to improving the lives of children in need, and one of […]

Read Article