The listed operator has brought forward the second stage of its Aveo Newcastle development in Shortland Waters, 11km from the Newcastle CBD, after all 50 units in the $24M first stage were reserved ahead of its scheduled completion next month.
The two-bedroom villas are priced from $375,000, and a recent open day attracted 500 people.
Aveo’s Executive General Manager for Developments Gary Kordic says that around 70% of the interest came from people living within 5km of the community, with the remainder from the wider NSW region such as Lake Macquarie, Coffs Harbour and Taree.
Stage two will add another 45 units subject to approval. Once complete, the six-year project will feature 300 independent villas and 127 aged care rooms, plus access to a health and wellbeing centre and the 18-hole Shortland Waters Golf Club.
