The brand founded by Elka Capital, the creation of David Laing and Tom McDonald, and The Lowy Family Group-backed Assembly Funds Management, has broken ground on its second land lease community in Yarrawonga, on the border between Victoria and New South Wales.
Homes in the first stage are priced from $424,000, with a variety of two- and three-bedroom home designs.
The first home settlements are expected by the end of the year.
"Springtree Yarrawonga represents our ongoing commitment to expanding housing choice for over 50s in regional centres," co-founder David Laing said.
"Having successfully launched our Springtree Cobram community and already having our new residents moving in, we're excited to bring our vision for a vibrant, connected lifestyle to Yarrawonga, a region perfectly suited to active and independent lifestyles."
The Springtree Yarrawonga sales office opens this month and registrations of interest are now open.
Elka Capital and Assembly Funds Management launched their land lease community brand, Springtree, in October last year, with plans for a 10-plus community portfolio.