Friday, 13 February 2026

Victoria’s $650 million Martha Cove development finally starts – but without the retirement village

The American style planned community on the Mornington Peninsular that stalled in 2009 with the collapse of CPI Ltd, has jumped back to life but with low sales rate expectations and no retirement village. The project was to feature 1,150 homes. In...

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by The Weekly Source

The American style planned community on the Mornington Peninsular that stalled in 2009 with the collapse of CPI Ltd, has jumped back to life but with low sales rate expectations and no retirement village. The project was to feature 1,150 homes. In the past 9 months 45 lots have been sold, the base of the new program. The retirement village has been abandoned.

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